KRUMAN v. CHRISTIE'S INTERN. PLC

Docket No. 01-7309.

284 F.3d 384 (2002)

Charlotte KRUMAN, Charles Tabachnick, Mortab Limited, individually and on behalf of class of persons similarly situated, Sophie McGee, Timothy Stothert, and Robert W. Burkle, Plaintiffs-Appellants, and Maggs Bros. Ltd. and Nicola Smith, Plaintiffs, v. CHRISTIE'S INTERNATIONAL PLC, Christie's Inc., Sotheby's, Inc., Sotheby's Holdings, Inc., Christopher M. Davidge, A. Alfred Taubman, Diana D. Brooks, Christopher J. Burge, Stephen S. Lash, Patricia G. Hambrecht, Daniel P. Davison, Francois Curiel, Max M. Fisher, Michael L. Ainslie and Kevin A. Bousquette, Defendants-Appellees, and Anthony Tennant, Defendant.

United States Court of Appeals, Second Circuit.

Decided March 13, 2002.


Attorney(s) appearing for the Case

J. Douglas Richards, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, New York, NY (Michael D. Hausfeld, Ann C. Yahner, Paul T. Gallagher, Cohen Milstein Hausfeld & Toll, P.L.L.C., Washington, D.C.; Robert A. Skirnick, Maria A. Skirnick, Meredith Cohen Greenfogel & Skirnick, P.C., New York, NY; David J. Bershad, Michael M. Buchman, Ryan E. Long, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, New York, NY; Karen L. Morris, Seth D. Rigrodsky, Morris and Morris, Wilmington, DE, on the brief), for Plaintiffs-Appellants.

Steven Alan Reiss (A. Paul Victor, Howard B. Comet, Christopher V. Roberts, Gary G. Pelletier, on the brief) Weil, Gotshal & Manges LLP, New York, NY, for Defendants-Appellees Sotheby's, Inc. and Sotheby's Holdings, Inc.

Shepard Goldfein (Michael L. Weiner, Clifford H. Aronson, Peter S. Julian, Thomas Pak, Cyrus Amir-Mokri, on the brief) Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY, for Defendants-Appellees Christie's Inc., Christie's International PLC and Daniel P. Davison.

Carey R. Dunne, Michael Patrick, Benjamin Means, Davis Polk & Wardwell, New York, NY, for Defendant-Appellee A. Alfred Taubman.

John H. Shenefield, Morgan, Lewis & Bockius, Washington, D.C., for Defendant-Appellee Christopher J. Burge.

William J. Linklater, Baker & McKenzie, Chicago, IL, for Defendant-Appellee Christopher M. Davidge.

Andrew J. Levander, Guy Petrillo, Yun G. Lee, Swidler Berlin, Shereff Friedman, LLP, New York, NY, for Defendant-Appellee Max M. Fisher.

Michael S. Shuster, Sheron Korpus, White & Case, New York, NY, for Defendant-Appellee Stephen S. Lash.

William J. Schwartz, Kronish Lieb Weiner & Hellman LLP, New York, NY, for Defendant-Appellee Patricia G. Hambrecht.

John Siffert, Lankler Siffert & Wohl, LLP, New York, NY, for Defendant-Appellee Diana D. Brooks.

Robert J. Mathias, Piper Marbury Rudnick & Wolfe LLP, Baltimore, MD, for Defendant-Appellee Kevin A. Bousquette.

Edward M. Shaw, New York, NY, for Defendant-Appellee Michael L. Ainslie.

Before: STRAUB, KATZMANN, and MAGILL, Circuit Judges.


KATZMANN, Circuit Judge.

This appeal involves the extent to which the United States antitrust laws apply to conduct directed at foreign markets. The plaintiffs have filed a class action against the two largest auction houses in the world — Christie's International Plc ("Christie's") and Sotheby's Holdings, Inc. ("Sotheby's") — and a number of their local subsidiaries, directors and officers. The plaintiffs allege that the defendants entered into an agreement...

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