Michael J. Freed Michael J. Freed

Direct Dial: 224-632-4501
Email: mfreed@fklmlaw.com

Michael J. Freed is a founding partner of the firm Freed Kanner London & Millen LLC, specializing in complex litigation with an emphasis in antitrust and securities actions. Mr. Freed is a 1962 graduate of the University of Chicago Law School and is a member of the Chicago Bar Association, American Bar Association, and Federal Bar Association. He is admitted to the Bars of Illinois and the District of Columbia and is a member of the Bars of United States Supreme Court, District of Columbia Court of Appeals, Seventh Circuit Court of Appeals, Northern District of Illinois (member of the trial bar) and District of Columbia District Court.

Mr. Freed was a trial and appellate attorney with the United States Department of Justice, Antitrust Division (Honors Program), where his experience included investigation and trial of antitrust cases, including U.S. v. Ingersoll-Rand, 218 F. Supp. 530 (W.D. Pa. 1963), 320 F.2d 509 (3d Cir. 1964); U.S. v. Marshall and Ilsley Bank Stock Company, 255 F. Supp. 273 (E.D. Wis. 1966); U.S. v. American Smelting & Refining Co., Case No. 61-241 (S.D.N.Y.), and appeal of government civil cases.

Mr. Freed has been involved in trial and appellate litigation for over 45 years. He has been appointed by many courts to top leadership positions in numerous class action cases in which more than two billion dollars has been recovered. He has also served as a Court-appointed Special Master in a number of cases for purposes of distributing settlement proceeds.

Mr. Freed has been recognized by Chambers USA as "one of the deans of the plaintiff Bar in the state and garners much praise from the market for his courtroom presence and all-around ability."  Further, the Leading Lawyers Network has selected Mr. Freed as a Leading Lawyer and one of Chicago's best lawyers for the past 10 years.

In the legal community, Mr. Freed has served on the Visiting Alumni Committee of the University of Chicago Law School, is a member of the Advisory Board of both the American Antitrust Institute and the Loyola University Law School Consumer Law Institute, and served as a Trustee of the Appleseed Foundation and Equal Justice Works.

Included among Mr. Freed's more significant class action cases are the following:

In Re Brand Name Prescription Drugs Antitrust Litigation
Mr. Freed was co-lead in antitrust price fixing class action which resulted in $715 million being recovered on behalf of the plaintiff class of retail pharmacies.

In Re High Fructose Corn Syrup Antitrust Litigation
Mr. Freed was co-lead counsel in this pending antitrust price-fixing class action in which $531 million was recovered on behalf of purchasers of high fructose corn syrup.

Infant Formula Antitrust Litigation
Mr. Freed was co-lead counsel in this antitrust price-fixing class action which resulted in a recovery of $126 million for the class.

In Re Carbon Dioxide Antitrust Litigation
Mr. Freed was co-lead counsel in this antitrust price-fixing class action which resulted in a recovery of $53 million and achieved significant therapeutic relief.

Ocean Shipping Antitrust Litigation
Mr. Freed was co-lead counsel in this antitrust price-fixing-class action which resulted in a $79 million recovery for thousands of U.S. and European shippers. Claimants included shippers in the United States and a number of European countries.

Chubb Drought Insurance Litigation
Mr. Freed was co-lead counsel in this class action filed on behalf of farmers who purchased drought insurance which was not honored by Chubb. The settlement recovery for the class was $118 million which resulted in a 100% recovery for the class.

In Re Industrial Gas Antitrust Litigation
Mr. Freed was a member of the executive committee in this antitrust price-fixing class action which recovered more than $50 million dollars for the class in cash and assignable purchase certificates.

Records and Tapes Antitrust Litigation
Mr. Freed was a member of the executive committee in this antitrust price-fixing class action. The class recovered $26 million dollars in settlement in cash and assignable purchase certificates.

Sioux Securities Litigation
Mr. Freed was lead counsel in this securities fraud case in which the $12 million recovery represented a recovery of 75% of the amount invested by members of the class.

Morrison Knudsen Securities Litigation
Mr. Freed was co-lead counsel in this securities fraud case which resulted in a recovery of $43 million in cash and 3 million Morrison Knudsen shares for the class.

* * * * *
Cases which have been tried by Mr. Freed include the Aluminum Siding Antitrust Litigation, M.D.L. 454 (settled for $12 million after 3 weeks of trial); Frymire v. Peat-Marwick, 85 C 1040 (N.D. Ill.), 657 F. Supp. 889 (N.D. Ill. 1987) (6 week trial resulting in $3 million verdict for plaintiff); Ray v. Karris, 84 C 2382 (N.D. Ill.), 780 F.2d 636 (7th Cir. 1985) (injunction hearing; settled after appeal); Blinder Robinson Securities Litigation, 88-0285 (E.D. Pa.), 903 F.2d 186 (3rd Cir. 1990), (injunction obtained against transfer of assets; judgment of $71 million later entered); and Brand Name Prescription Drugs Antitrust Litigation (judgment for trial defendants).

Mr. Freed is the author of several articles, including "A Study of Dealers' Suits Under the Automobile Dealers' Franchise Act," 41 University of Detroit Law Journal (1964), and "Antitrust in the Seventh Circuit from the Plaintiff's Perspective," Vol. 1, No. 2, Antitrust Magazine, ABA (1987). He has been a panelist on a number of occasions relating to class action litigation.

Mr. Freed has had significant involvement in the following class action and derivative cases (in several of which he was also appointed as Special Administrator or Special Master for administration and distribution of the class recovery):

    ANTITRUST:

  1. In Re Pharmacy Benefit Manager Antitrust Litigation, M.D.L. 1782 (Co-Lead Counsel). Price fixing lawsuits brought on behalf of retail pharmacist against prescription benefit managers for payment to pharmacies of non-competitive reimbursement fees.
  2. In Re Linerboard Antitrust Litigation, M.D.L. 1261 (E.D. Pa.) (Co-Lead Counsel for the Sheets Class). Horizontal price-fixing case against the major manufacturers of corrugated and sheet linerboard. The case settled for $202 million.
  3. In Re Commercial Tissue Antitrust Litigation, M.D. L. 1189 (N.D. Fla.) (Co-Lead Counsel). Horizontal price-fixing action against major manufacturers of commercial tissue. The case settled for $54 million in cash and purchase certificates.
  4. In Re High Fructose Corn Syrup Antitrust Litigation, M.D.L. 1087 (C.D. Ill.). (Co Lead Counsel). Horizontal price-fixing action was settled against major manufacturers of high fructose corn syrup for $531 million.
  5. In Re Brand Name Prescription Drugs Antitrust Litigation, M.D.L. 997 (N.D. Ill.). (Co-Lead Counsel). Horizontal price-fixing action against major pharmaceutical manufacturers and wholesalers. Plaintiff class recovered $715 million.
  6. In Re Carbon Dioxide Antitrust Litigation, M.D.L. 940 (Co-Lead Counsel). Horizontal price-fixing action against major carbon dioxide producers. Plaintiff class recovered $53 million.
  7. In Re Infant Formula Antitrust Litigation, M.D.L. 878 (Co-Lead Counsel). Horizontal price-fixing action. Plaintiff class recovered $126 million.
  8. In Re Clozapine Antitrust Litigation, M.D.L. 874. Horizontal price-fixing action. Plaintiff class recovered $20 million in cash and credits.
  9. In Re Vinegar Antitrust Litigation, 87 C 20233 and related cases (N.D. Ill.) (Co-Lead Counsel). Horizontal price-fixing action. Plaintiff class recovered $4 million in cash and coupons.
  10. In Re Chlor-Alkalai and Caustic Soda Antitrust Litigation, 86-5428 and related cases (E.D. Pa.). Horizontal price-fixing action. Plaintiff class recovered in excess of $55 million.
  11. In Re Aluminum Siding Antitrust Litigation, M.D.L. 454 (D. Minn.) (Co-Lead Counsel). Horizontal price-fixing action. Plaintiff class recovered $12 million.
  12. In Re Glass Containers Antitrust Litigation, 83 C 512 and related cases (N.D. Ill.) (Member of Executive Committee). Horizontal price-fixing action. Plaintiff class recovered in excess of $70 million in cash and coupons.
  13. In Re Records Antitrust Litigation, 82 C 7589 and related cases (N.D. Ill.) (Member of Steering Committee). Horizontal price-fixing action. Plaintiff class recovered in excess of $25 million in cash and coupons.
  14. In Re Shopping Cart Antitrust Litigation, M.D.L. 451 (S.D.N.Y.). Horizontal price-fixing action. Plaintiff class recovered in excess of $7 million.
  15. In Re Cuisinarts Antitrust Litigation, M.D.L. 447 (D. Conn.). Horizontal price-fixing action. Represented corporate defendant which was dismissed from the litigation.
  16. In Re Ocean Shipping Antitrust Litigation, M.D.L. 395 (S.D.N.Y.) (Co-Lead Counsel). Horizontal price-fixing action. Plaintiff class recovered in excess of $75 million.
  17. In Re Industrial Gas Antitrust Litigation, 80 C 3479 and related cases (N.D. Ill.) (Member of Steering Committee). Horizontal price-fixing action. Plaintiff class recovered in excess of $50 million in cash and coupons.
  18. In Re Fine Paper Antitrust Litigation, M.D.L. 323 (E.D. Pa.). Horizontal price-fixing action. Plaintiff class recovered in excess of $80 million.
  19. In Re Corrugated Container Antitrust Litigation, M.D.L. 310 (S.D. Tex.). Horizontal price-fixing action. Plaintiff class recovered in excess of $400 million.
  20. In Re Hawaiian Hotel Antitrust Litigation, M.D.L. 303 (D. Hawaii) (Co-Lead Counsel). Horizontal price-fixing action. Plaintiff class recovered $1 million.
  21. In Re Potash Antitrust Litigation, M.D.L. 272 (N.D. Ill.). Horizontal price-fixing action. Plaintiff class recovered $4 million.
  22. In Re Sugar Antitrust Litigation, M.D.L. 201 (N.D. Cal.). Horizontal price-fixing action. Plaintiff class recovered in excess of $35 million.
  23. In Re Folding Cartons Antitrust Litigation, M.D.L. 150 (N.D. Ill.). Horizontal price-fixing action. Plaintiff class recovered in excess of $200 million.

    SECURITIES:
  24. In Re Morrison Knudson Securities Litigation, CV 94-0334-SEJL (D. Idaho) (Co-Lead Counsel). Plaintiff class received $43 million and approximately 3 million shares of Morrison Knudson Common Stock.
  25. Rodriguez v. Santa Fe Pacific, 92 CH 06618 (Cook County Circuit Court (Lead Counsel). Derivative Action. Plaintiffs recovered $11 million for corporation.
  26. In Re Hibbard Brown Securities Litigation, M.D.L. 962 (Co-Lead Counsel). Plaintiff class recovered more than $20 million.
  27. Ziemack v. Centel Corporation, 92 C 3551 and related cases (N.D. Ill.) (Co-Lead Counsel). Securities fraud class action. Summary judgment for defendants.
  28. In Re Kenbee Limited Partnerships Litigation, No. 91-2174 (GEB) (D.N.J.) (Co-Lead Counsel). Securities fraud action. Plaintiff class recovered $3 million plus significant reductions in wrap mortgage notes, resulting in increased payments to the class of at least an additional $3 million.
  29. In Re M-L Lee Securities Litigation, C.A. 91-60 (Del.) (JJF) (Co-Lead Counsel). Plaintiff class recovered $28 million.
  30. Kilmartin et al. v. First Winthrop Corporation, Civil Action No. 91-2951-D (Commonwealth of Massachusetts) (Co-Lead Counsel). Derivative Action. Settlement resulting in forgiveness of debt of $10 Million and subordination of debt of $10 Million by general partner.
  31. In Re Public Service Company of New Mexico, Master File No. 91-536-K (M) (D.N. Mex.) (Co-Lead Counsel). Derivative action. Settled jointly with securities fraud class action for $33 million for class and corporation.
  32. Cavanaugh v. Micron, No. 89-1262 (D. Idaho) (Co-Lead Counsel). Securities fraud action. Plaintiff class recovered $6 million.
  33. In Re Unisys Securities Litigation, No. 89-1179 (E.D. Pa.) (Member of Executive Committee). Derivative action. Plaintiffs recovered $20 million for corporation.
  34. Hoxworth v. Blinder Robinson, 88-0285 (E.D. Pa.) (Member of Steering Committee). Securities fraud action. Plaintiff class recovered judgment of $71 million (settled in bankruptcy).
  35. Shields v. Sundstrand, 88 C 8207 (N.D. Ill.) (Co-Lead Counsel). Derivative action. Plaintiffs recovered $15 million for corporation.
  36. O'Brien v. National Property Analysts Partners, No. 88 Civ. 4153 (S.D.N.Y.) (Co-Lead Counsel). Securities fraud action. Plaintiff class recovered $5 million plus significant reductions in wrap mortgage notes.
  37. Landon v. Freel, M.D.L. 592 (S.D. Tex.) (Lead Counsel). Securities fraud action. Plaintiff class recovered $12 million.
  38. Mirochnick v. Continental Illinois Corporation, 82 C 4712 and related cases (N.D. Ill.). Securities fraud action. Plaintiff class recovered in excess of $45 million.
  39. In Re Baldwin United Deferred Annuity Securities Litigation, M.D.L. 581 (S.D.N.Y.). Securities fraud action. Plaintiff class recovered in excess of $100 million.
  40. In Re Washington Public Power Supply System Securities Litigation, M.D.L. 551 (W.D. Wash.). Securities fraud action. Plaintiff class recovered in excess of $700 million.
  41. In Re Amarex Securities Litigation, M.D.L. 549 (S.D.N.Y.). Securities fraud action. Plaintiff class recovered in excess of $5 million.

    COMMODITIES:
  42. In Re International Trading Group, Ltd. Customer Account Litigation, CV 89-5545 RSWL (GHKx) (C.D. Cal.). Commodities fraud class action. Plaintiff class recovered $6 million.
  43. In Re First Commodity Corp. of Boston Customer Accounts Litigation, M.D.L. 713 (D.Mass.) (Member of Steering Committee). Commodities fraud class action. Plaintiff class recovered $5 million.

    OTHER:
  44. Organization of Minority Vendors v. Illinois Central Gulf Railroad Company, et al., 79 C 1512 (N.D. Ill.) Railroad Reorganization and Civil Rights. Plaintiff class settled for defendant railroads' guaranteed purchase commitments of at least 7.5% from minority vendors.
  45. Behr v. Drake Hotel, 82 C 5551 (N.D. Ill.) Age Discrimination case. Plaintiff class recovered $2 million.
  46. In Re Long Distance Telecommunications Litigation, M.D.L. 598 (E.D. Mich.) (Member of Executive Committee). Telephone over-charge litigation. Plaintiff class recovered in excess of $10 million.
  47. In Re The Chubb Corporation Drought Insurance Litigation, C-1-88-644 (S.D. Ohio) (Co-Lead Counsel). Insurance fraud class action. Plaintiff class recovered in excess of $100 million.