Richard M. Hagstrom - Minneapolis, MN

Overview

Rick handles a variety of complex litigation matters in state and federal courts across the country. These matters, primarily in the areas of antitrust, financial institutions, insurance coverage, commercial and securities litigation, involve high dollar exposure, and often multiple parties.

In the antitrust arena, Rick has defended and prosecuted numerous antitrust actions. He has been co-lead counsel in the only two indirect purchaser antitrust lawsuits against Microsoft Corporation that went to trial. In 2004, after seven weeks of trial, Rick reached a $182 million settlement with Microsoft Corporation on behalf of Minnesota businesses and consumers. In November 2006, Rick was co-lead counsel in another class action trial against Microsoft in Des Moines, Iowa, which settled in February 2007 for $180 million. Rick also led a third consumer class action against Microsoft in Wisconsin, which settled in 2007 for $224 million.

In the insurance coverage arena, Rick has been national litigation counsel for environmental claims for a major property and casualty insurer. Rick has successfully handled dozens of multi-party and class action cases for his insurer clients involving environmental, product, mass tort, and bad faith claims, as well as McCarran-Ferguson Act issues. In addition, Rick has advised insurers on regulatory matters.

In the commercial arena, Rick has represented both plaintiffs and defendants in banking, RICO, unfair trade practices, securities, securities lending, and intellectual property litigation.

Rick has been named a Minnesota Attorney of the Year. Rick is on the Board and the Vice-Chair of the Fund for the Legal Aid Society. Rick also serves on the Board of Trustees for the S.J. Quinney College of Law, University of Utah.