LovellStewartHalebianJacobson

Located at 61 Broadway, Suite 501 New York, New York 10006 212-608-1900

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FIRM NEWS

In re: Platinum and Palladium Commodities Litigation 10-cv-3617 (S.D.N.Y.)–On July 15, 2014, the Honorable William H. Pauley III preliminarily approved the Futures Plaintiffs’ partial settlement of this action with (a) the Moore Capital Defendants for $48,400,000, and (b) Defendant Joseph Welsh for a judgment of $35,000,000 in respect of the negligence claim against him collectable solely from his personal assets consisting of his rights against certain insurers. Defendant MF Global, Inc. is not part of the proposed settlement. Lovell Stewart is sole lead counsel for the Futures Plaintiffs in this action. Persons who traded in NYMEX platinum futures contracts and/or NYMEX palladium futures contracts during the time period June 1, 2006 through April 29, 2010 should save their relevant trading records because they may file claims to participate in this proposed settlement. Please check this website and the settlement website for updates regarding the proposed settlement. The settlement website is http://platinumpalladiumfutureslitigation.com. Contact Christopher M. McGrath, Esq. (CMcGrath@lshllp.com).

Precision Associates, Inc. et al., v. Panalpina World Transport (Holding) LTD. et al, 08-cv-0042 (E.D.N.Y.)–On June 27, Plaintiffs filed a motion seeking preliminary approval of settlements with Defendants Panalpina, Geodis, DSV, and Jetspeed for an immediate cash payment of $44 million plus additional sums to be paid from proceeds from another litigation. Lovell Stewart is co-lead counsel in this action. Class Members can find additional information on https://www.freightforwardcase.com Contact Benjamin M. Jaccarino, Esq. (Bjaccarino@lshllp.com).

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Keith Essenmacher

61 Broadway, Suite 501
New York, NY 10006
212-608-1900

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Keith Essenmacher is partner to the Firm, and practices out of our Michigan office. Mr. Essenmacher focuses on antitrust and consumer litigation and has been involved in the fields of complex litigation and class actions for seven years.  Mr. Essenmacher has prosecuted a variety of federal and state court price-fixing, monopoly and unfair business practice actions against multinational companies and Fortune 500 corporations.

Keith is a graduate of Michigan State University, 1996; a graduate of Michigan State University Law, J.D. 2000; admitted to practice in the State of Michigan in 2000, and before the United States District Court for the Eastern District of Michigan in February 2001.

Keith served as a council member for Michigan State Bar Association Antitrust, Franchising and Trademark division from 2010-2012. 

Keith was a principal attorney for the Firm in In re: Cathode Ray Tube (CRT) Antitrust Litigation, 07-cv-5944 and In re: Processed Egg Products Antitrust Litigation, 08-md-02002. Keith has represented businesses and consumers of thin-film transistor liquid crystal display (TFT-LCD) products who were harmed by an alleged price-fixing conspiracy among TFT-LCD manufacturers. This action has been settled for $1.1 Billion. Keith represented a class of purchasers in a price fixing scheme involving Potash containing products Gillespie v. Agrium Inc. This antitrust class action resulted in a $20 million dollar settlement recovery for the class.

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