This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.

Business Law
Unfair Competition
Below-Cost Bidding

Pan Asia Venture Capital v. Hearst Corp.

Published: Dec. 14, 1996 | Result Date: Nov. 8, 1996 | Filing Date: Jan. 1, 1900 |

Case number: 962780 –  $348,981

Judge

Donald S. Mitchell

Court

San Francisco Superior


Attorneys

Plaintiff

Bernard Knapp

Darrell J. Salomon


Defendant

Gary L. Halling


Experts

Plaintiff

Phillip McLeod
(technical)

Michael Maher
(technical)

Defendant

George Foster
(technical)

Facts

On Feb. 10, 1994, plaintiff Pan Asia Venture Capital, a newspaper publisher, bid for a public notice advertising contract. Defendant Hearst Corp., a competing newspaper publisher and distribution agency, also entered a bid for the same contract, which was required by law to be awarded to the lowest bidder. The defendant was awarded the contract. The plaintiff brought this action against the defendant based on the Unfair Practices Act and unfair competition theories of recovery.

Settlement Discussions

The settlement discussions were not disclosed.

Damages

The plaintiff sought $348,981 plus interest at 5+ percent in damages.

Other Information

The verdict was reached approximately _____ years and ____ months after the case was filed. A settlement conference/arbitration/mediation was held on ___/___/1996 before ______________ (name) of ___________ (affiliation or court) resulting in _____________ .

Deliberation

5 days

Poll

9-3 (liability), 12-0 (damages)

Length

55 days


#79030

For reprint rights or to order a copy of your photo:

Email jeremy@reprintpros.com for prices.
Direct dial: 949-702-5390