Commercial Metals Company (CMC) issued a statement in response to the jury verdict reached in the Pacific Steel Group v. Commercial Metals Co. (N.D. Cal.) litigation. Pacific Steel Group filed this lawsuit claiming, among other things, various restraints on trade by CMC.
A trial on Pacific Steelʼs claims began on October 21st and concluded November 5, 2024 with a verdict in favor of Pacific Steel in the amount of $110 million, which will be trebled as a matter of law, plus attorneysʼ fees. Reportedly disappointed by the outcome, with a plan to appeal the verdict, CMC stands by the “strong integrity of its business practices and will vigorously defend its position.”
Published December 2024
