Never underestimate a loyal alum. George Washington University Law School has $5.1 million to throw into a new competition law center, thanks to a cy pres award handed down July 10 in U.S. District Court.
Lead counsel for the plaintiffs in the class-action antitrust lawsuit was Michael Hausfeld, G.W. Law class of ’69. Tom Morrison, the school’s senior associate dean for administrative affairs told Legal Times that Hausfeld had discussed the possible award with his alma mater before he filed the motion for it. Hausfeld represented Diamond Chemical Company, Inc. against Akzo Nobel Chemicals, Atofina Chemicals and Hoechst Celanese, alleging global price-fixing schemes.
Plans for the center are already in their very early phases. “We’re planning on staffing it with, hopefully, a chaired professor to be the leader of it,” said Morrison. The mission of the center stems from concerns
that enforcement of U.S. antitrust laws is getting messier because globalization is changing the way markets traditionally operate. Morrison emphasized that the center’s students will have access to
previously uncharted territory: “The international aspects of what we’re talking about here is something that hasn’t been tried or done before.”