Ted Hassi is a litigation partner and member of the Antitrust Group. Named as Antitrust Litigator of the Year in the Benchmark Litigation U.S. Awards 2019 ...
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Experience
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Antitrust Litigation
- An individual defendant in In re Generic Pharmaceuticals Pricing Antitrust Litigation.
- Toyota as lead counsel in its price fixing case against the four largest U.S. rail carriers in In re Rail Freight Fuel Surcharge Antitrust Litigation (No. II).
- Nonparty Reddit Inc. in Federal Trade Commission v. Meta Platforms, Inc.
- Impax Laboratories in litigation arising from FTC claims regarding alleged anticompetitive “reverse payment” patent litigation settlements.
- A packaged seafood company in multi-district class action litigation over price fixing allegations.
- A generic pharmaceutical manufacturer in In re Generic Pharmaceuticals Pricing Antitrust Litigation.
- A pharmaceutical manufacturer against claims of market monopolization through their use of exclusive agreements with API suppliers of an injectable drug.
- A credit card issuer in In re Payment Card Interchange Fee and Merchant Antitrust Discount Litigation.
- A computer chip manufacturer in monopolization claims against an industry-leading chip manufacturer.
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Merger Clearance and Litigation
- Konica Minolta, a Japanese multinational equipment and materials manufacturer operating in the healthcare and industrial industries, in the $600 million sale of its subsidiary, Ambry Genetics, to Tempus AI.
- Tractor Supply Company in its acquisition of Allivet, an online pet pharmacy.
- Verizon in its $20 billion acquisition of Frontier, the largest pure-play fiber internet provider in the U.S.
- S&S Activewear, a tech-enabled provider of apparel and accessories, and its majority owner Clayton, Dubilier & Rice, in S&S Activewear’s acquisition of alphabroder, distributor of trade, retail, apparel brands and branded products.
- Dover Corporation in its $395 million acquisition of Marshall Excelsior, a provider of mission-critical cryogenic and flow control components.
- An international professional services firm in its role as the Monitoring Trustee, appointed by the European Commission, to monitor the compliance of a biotechnology company with the commitments given to the Commission pursuant to its Phase II merger control investigation of an acquisition.
- White Cap, a Clayton, Dubilier & Rice portfolio company, in its acquisition of Dayton Superior, a provider of highly engineered accessories, chemicals and forming solutions within the concrete construction industry.
- Corebridge Financial in AIG’s $3.4 billion sale of Corebridge common stock to Nippon Life Insurance Company.
- Windstream Holdings, a privately held fiber and cloud based communications provider, in its merger with publicly held Uniti Group.
- Cerberus Capital Management in its $640 million sale of Cyanco to Orica.
- Konica Minolta, a Japanese multinational equipment and materials manufacturer operating in the healthcare and industrial industries, in the sale of its subsidiary Invicro to Calyx, a portfolio company of CapVest and leading technology-enabled provider.
- Clayton, Dubilier & Rice in its acquisition, together with Stone Point Capital, of Truist Insurance Holdings, a subsidiary of Truist Financial Corporation, at an enterprise value of $15.5 billion.
- Cynosure, a Clayton, Dubilier & Rice portfolio company and provider of medical aesthetic treatment systems, in its strategic combination with Lutronic, a provider of intelligent laser and energy-based systems.
- Schneider Electric in the sale of its subsidiary AutoGrid, a Virtual Power Plant (VPP) and Distributed Energy Resource Management System (DERMS) provider, to Uplight.
- Kelso & Company and its portfolio company, BradyIFS, in the merger of BradyIFS and Envoy Solutions, which includes a new strategic and financial partnership with Warburg Pincus and its affiliate funds.
- INDICOR, a Clayton, Dubilier & Rice portfolio company, in the $670 million sale of its Compressor Controls Corporation division, a leading provider of turbomachinery control and optimization solutions, to Honeywell.
- TPG in its acquisition of a majority interest in OneOncology, a network of leading oncology practices, in a transaction valued at $2.1 billion.
- Gentiva, a Clayton, Dubilier & Rice portfolio company and leading hospice, palliative, and personal care company, in its acquisition of Heartland hospice and home care.
- Clayton, Dubilier & Rice in its acquisition, together with Greenbriar Equity Group, of Paradigm Precision and Whitcraft Group and the merger of the two companies.
- Transdev, a global provider of mobility services, in its acquisition of FirstTransit, an EQT Infrastructure portfolio company.
- Albertsons in the antitrust aspects of its sale to Kroger at a total enterprise value of approximately $24.6 billion.
- Tractor Supply Company, the largest U.S. rural lifestyle retailer, in advocacy to the FTC related to its acquisition of Orscheln Farm & Home.
- Dover Corporation, a diversified global manufacturer and global services provider, in its $631 million acquisition of Engineered Controls International.
- Kindred Healthcare, a TPG portfolio company and leading specialty hospital company delivering acute health services, in its sale to LifePoint Health, a leader in the delivery of community-based care.
- International Paper, a global producer of renewable fiber-based packaging and pulp products, in the separation and spin-off of its global printing papers business, Sylvamo, and related financing arrangements.
- ACME Markets, a division of Albertsons, in advocacy to the FTC related to its acquisition of 27 Kings Food Markets and Balducci’s Food Lover’s Market stores from KB U.S. Holdings.
- The Great American Outdoors Group, the parent company of Bass Pro Shops and Cabela’s, in advocacy to the FTC related to its proposed acquisition of Sportsman’s Warehouse.
- Peabody Energy Corp., a leading coal producer, in the FTC’s challenge to its joint venture with Arch Resources, Inc.
- Covanta in its sale to EQT in a transaction valued at more than $5 billion, in which EQT acquired all shares of Covanta common stock for $20.25 per share.
- Clayton, Dubilier & Rice in its $6 billion acquisition and subsequent combination of Fort Dearborn and Multi-Color Corporation, to create the world's largest label solutions company.
- Artera, a Clayton, Dubilier & Rice portfolio company and one of the nation’s largest providers of integrated infrastructure services to natural gas and electric industries, in its acquisition of Feeney Utility Services Group.
- Domtar in its $3 billion sale to Paper Excellence.
- Domtar in the $920 million sale of its personal care business to American Industrial Partners.
- Verizon in its $6.25 billion acquisition of Tracfone, the largest reseller of wireless services in the U.S.
- Clayton, Dubilier & Rice in its $2.9 billion acquisition of White Cap, a leading distributor of specialty concrete and construction products, and its combination of White Cap with CSG, a leading U.S. distributor of specialty concrete and masonry accessories, for a total transaction value of approximately $4 billion.
- Aveva Group, a global leader in industrial software, in its $5 billion acquisition of OSIsoft.
- PowerTeam Services, a Clayton, Dubilier & Rice portfolio company, in its purchase of Miller Pipeline and Minnesota Limited for $850 million in cash.
- Toyota Motor Corporation in its $394 million investment in Joby Aviation, an aerospace company that is developing and commercializing all-electric vertical takeoff and landing aircraft to enable the deployment of fast, quiet and affordable air taxi services.
- Nonparty former Sabre Corporation executives in litigation brought by the DOJ to block Sabre’s planned $360 million acquisition of Farelogix, Inc.
- Reynolds Group and Closure Systems International (CSI) in their sale of CSI businesses and facilities to Cerberus Capital Management.
- Prudential Financial in its $2.35 billion acquisition of Assurance IQ.
- Perform in its combination with STATS, creating the world’s leading sports AI and data company.
- Elliott in its $683 million acquisition of Barnes & Noble, the largest retail bookseller in the U.S.
- American Express in its acquisition of Resy, a leading digital restaurant reservation booking and management platform.
- SouthernCarlson in its sale to Kyocera Corporation.
- Toyota Motor Corporation in its joint investment, with DENSO Corporation and SoftBank Vision Fund, in Uber’s Advanced Technologies Group.
- Bass Pro in its $4 billion acquisition of outdoor sporting goods retailer Cabela’s.
- Ardagh Group in its acquisition of $3.4 billion in divestitures from the Ball-Rexam merger.
- Honeywell in its litigation to block the merger of competing electronics manufacturers.
- Sysco in the FTC’s challenge to its $8 billion merger with food distribution rival US Foods.
- Halliburton in litigation brought by the DOJ to block its merger with Baker Hughes.
- A building products manufacturer in its strategic acquisition of a competitor.
- An aircraft parts manufacturer in multiple strategic acquisitions.
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Other
- A private high school in the DOJ’s investigation of D.C.-area private high schools’ decisions to stop offering Advanced Placement courses, which the DOJ closed without bringing an enforcement action or obtaining an admission of wrongdoing.
- A generic pharmaceutical manufacturer in FTC investigations related to “reverse payment” settlements.
- A trade association in antitrust, intellectual property governance and compliance matters.
- An industrial manufacturer in an FTC investigation into exclusionary practices by an industry trade group.
- Various clients in confidential FTC and DOJ Antitrust investigations.
- Various clients, acting as antitrust counsel on industry-specific issues including compliance with interlocking directorate regulations, price discrimination laws, noncompete rules, competitor collaborations, and other contractual arrangements, as well as corporate antitrust compliance investigations and programs.
Education
- Fordham University School of Law, 1995, J.D.
- U.S. Naval Academy, 1986, B.S.