On February 25, 2006, Labaton Sucharow LLP, as a member of the Executive Committee, obtained a $35 million partial settlement in In re New Motor Vehicles Canadian Export Litigation.

In this litigation, Plaintiffs allege that, between January 1, 2001 and April 30, 2003, Defendants violated Section 1 of the Sherman Act by entering into a series of agreements designed to prevent new motor vehicles purchased in Canada from entering the United States. The purpose and effect of this agreement was to foreclose a new motor vehicle discount channel from operating in the United States and Canada.

The case is pending before the Honorable D. Brock Hornby in the District of Maine. The settlement is awaiting preliminary approval by the Court.