The chair of Lieff Cabraser’s Antitrust and Intellectual Property Practice Group, Eric has practiced commercial litigation for the past 17 years, working on numerous cases involving the food, technology, finance, home furnishing, natural resources, and music industries. Fastiff also represents businesses in commercial disputes with their suppliers and competitors. His clients include governments, businesses, individuals, and consumer groups.
Eric represents The Charles Schwab Corporation in a suit against several major banks for allegedly manipulating the London Interbank Offered Rate (LIBOR), which is used as a reference rate by financial institutions around the world. He also represents local California governments in the municipal bond Guaranteed Investment Contract bid-rigging litigation.
Eric’s notable successes include representing businesses that purchased TFT-LCD panels and products in litigation charging that the world’s leading TFT-LCD manufacturers conspired to fix prices. The litigation resulted in settlements totaling over $470 million.
Eric also spearheaded Lieff Cabraser’s prosecution of class action litigation against De Beers for monopolization of the rough diamond trade in the U.S. In addition to successfully obtaining class certification in the California action, Fastiff played a key role in negotiating and finalizing the $295 million settlement in the federal case. Discussing the DeBeers case, The National Law Journal noted that Lieff Cabraser was “among the plaintiffs’ firms that weren’t afraid to take on one of the business world’s great white whales.”
Earlier successful cases which Fastiff actively litigated include the BuSpar and Lupron prescription drug pricing litigation and the landmark California natural gas and electricity pricing litigation.
Fastiff has published and edited multiple works. For several years, he was the General Editor of California Class Actions Practice and Procedures and he continues to serve on the Editorial Advisory Board of the Journal of Generic Medicines.
An active member of the San Francisco Bay Area community, Fastiff serves on the Boards of Directors of a low-income housing apartment complex and an elementary school. He served on the Boards of Trustees of a nursing home for the aged and impoverished and a non-profit organization that assisted low-income employees in maximizing their salaries.