Jay H. Calvert, Jr.

Partner

Professionally, Mr. Calvert has handled a significant number of large, complex cases. The major matters with which he has been involved include:

• A six-week jury trial against a New York bank for violation of the securities laws by aiding and abetting international fugitive Robert Vesco's theft of millions of dollars from mutual fund shareholders.
• The valuation case involving the former Penn Central Railroad resulting in a $2.1 billion settlement.
• Defense of a major oil company in a class action by the lessee service station dealers of all the major oil companies challenging the way gasoline is marketed in the United States, resulting in a court-approved settlement allowing the marketing practices to continue unchanged.
• Representation of a major utility in a case involving whether or not a nuclear generating facility should be constructed, resulting in a $3.2 billion generating unit being built.
• Representation of a large health insurer in a case of first impression involving First Amendment protection for commercial speech in the healthcare field.
• Representation of a major glass producing company against antitrust charges of worldwide conspiracies involving the technology for making glass as well as the sale of glass in various world markets.
• Representation of a health insurer in preserving a most-favored nations clause in its hospital contracts.
• Representation of an electric utility in seeking $3.6 billion in stranded costs in connection with the deregulation of the electric utility industry.
• Representation of a major bank in a series of actions resulting from the bankruptcy of a health system, including claims of RICO violations.
• Representation of a major pharmaceutical company in a series of antitrust cases brought by retail pharmacists alleging price fixing in brand name prescription drugs.
• Defense of a foreign technology transfer organization against a claim of breach of a license agreement involving patents relating to gene and protein technologies.
• Representation of a major airline in a case of first impression allowing direct access to reinsurance, thus avoiding necessity of participating in a direct insurer's liquidation proceeding.
• Successful representation of an officer in a claim by his company alleging breach of fiduciary duties allegedly resulting in $3 billion in damages.
• Successful representation of a major financial institution alleged to have violated Section 10b-5 by failing to advise purchases of an annuity that there were lower-cost alternatives.
• Representation of a major healthcare insurance company in three nationwide class actions challenging the method of payment for out-of-network medical services.
• Successful representation of a maker of wood products in an antitrust case alleging price fixing.