Simmons Hanly Conroy attorneys have held court-appointed leadership roles in many complex multidistrict litigations of national scope, which have resulted in the following global settlements:
Synergetics USA, Inc. (NASDAQ: SURG), is a small business that sells highly specialized medical equipment. When Synergetics believed one of its competitors unlawfully used its market dominance to force surgeons to buy its own equipment, Synergetics came to Simmons Hanly Conroy for help.
“To pursue this litigation, we needed to find a very capable counsel willing to become our partners. By hiring Simmons Hanly Conroy on a contingent-fee basis, we were able to pursue a very complex commercial litigation matter with lawyers who were committed to achieving a favorable result for us,” said Peter Rasche, General Counsel, Synergetics USA, Inc.
The lawsuit involved allegations ranging from antitrust monopolization to predatory pricing to unlawful business disparagement. Simmons Hanly Conroy lawyers prosecuted a civil antitrust and unfair competition lawsuit under a contingent-fee arrangement. Synergetics wouldn’t pay attorneys’ fees unless its case resolved favorably. Instead, the firm’s fee would be a percentage of recovery. The arrangement resulted in a $32 million settlement.