
CRA International Economists Help NFL Win Antitrust Lawsuit Launched by American Needle
August
21, 2008
BOSTON--(BUSINESS WIRE)--Aug. 21, 2008--CRA International, Inc. (Nasdaq: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that CRA academic Senior Consultant Franklin M. Fisher supported by CRA staff assisted the National Football League, its member clubs, and NFL Properties ("NFL Defendants") with economic analysis of the antitrust lawsuit brought against the NFL and its co-defendant, Reebok International, Ltd. In the litigation, American Needle alleged that the NFL teams' exclusive licensing agreement with Reebok violated the Sherman Antitrust Act. The district court granted summary judgment to the NFL defendants, a decision that the Seventh Circuit affirmed.
Professor Fisher and CRA analyzed the question of whether the NFL Defendants function as a single economic entity with regard to the licensing and marketing of their intellectual property for use on consumer products. Their analysis found that, as an economic matter, the NFL Defendants do function as a single economic entity in connection with these purposes, and hence the member teams can collectively license their intellectual property without running afoul of the antitrust laws.
In addition to Professor Fisher, CRA's team was led by Vice President Evan Schouten and Principal Laura Phillips Perkins.
"CRA excels in offering our clients highly valuable economic and academic perspectives and antitrust analyses," said James C. Burrows, CRA's President and Chief Executive Officer. "This case is another key example of the importance that our work can have in helping to determine the outcome of high-stakes litigation. We are pleased to have assisted the NFL in this significant matter."
About CRA International
Founded in 1965, CRA International is a leading provider of management consulting services and economic and financial expertise. Working with businesses, law firms, accounting firms, and governments, CRA is a preferred consulting firm for complex assignments with pivotal and high-stakes outcomes. The firm is distinguished by a unique combination of credentials: deep vertical experience in a variety of industries; broad horizontal expertise in a range of functional disciplines; and rigorous economic, financial, and market analysis. CRA offers a proven track record of thousands of successful engagements in regulatory and litigation support, business strategy and planning, market and demand forecasting, policy analysis, and engineering and technology management. Headquartered in Boston, the firm has sixteen offices within the United States, and seven offices in Canada, Europe, the Middle East, and the Asia Pacific region. Detailed information about CRA is available at www.crai.com.
Statements in this press release concerning the future business, operating results, estimated cost savings, and financial condition of the Company and statements using the terms "anticipates," "believes," "expects," "should," or similar expressions, are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain and actual performance and results may differ materially due to many important factors. Such factors that could cause actual results to differ materially from any forward-looking statements made by the Company include, among others, the Company's restructuring costs and attributable annual cost savings, changes in the Company's effective tax rate, share dilution from the Company's convertible debt offering and stock options, dependence on key personnel, attracting and retaining qualified consultants, dependence on outside experts, utilization rates, factors related to its recent acquisitions, including integration of personnel, clients, offices, and unanticipated expenses and liabilities, risks associated with acquisitions it may make in the future, risks inherent in international operations, the performance of NeuCo, changes in accounting standards, rules and regulations, changes in the law that affect its practice areas, management of new offices, the potential loss of clients, dependence on the growth of the Company's business consulting practice, the unpredictable nature of litigation-related projects, the ability of the Company to integrate successfully new consultants into its practice, intense competition, risks inherent in litigation, and professional liability. Further information on these and other potential factors that could affect the Company's financial results is included in the Company's filings with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of its forward-looking statements after the date of this press release.
CONTACT: CRA International, Inc.
James C. Burrows, 617-425-3700
President and CEO
or
Sharon Merrill Associates
Jim Buckley, 617-542-5300
Executive Vice President
SOURCE: CRA International, Inc.