BOSTON--(BUSINESS WIRE)--Mar. 7, 2016--
River Associates (NASDAQ: CRAI), a worldwide leader in providing economic,
financial, and management consulting services, today announced that
CRA provided antitrust and competition economics analyses on behalf of
the Professional Rodeo Cowboys Association (PRCA) to rebut claims by the
Elite Rodeo Athletes (ERA) that PRCA bylaws denying membership to owners
of competing rodeo associations were anticompetitive.
CRA consultants working on behalf of the PRCA analyzed economic issues
related to competing rodeo associations and bylaws governing PRCA
membership and events. CRA economist Andrew
Dick provided written and trial testimony in U.S. District Court for
the Northern Division of Texas in opposition to the ERA’s motion for a
preliminary injunction barring the PRCA from implementing its recently
enacted membership bylaws. CRA’s analyses demonstrated that the PRCA
does not have market power with respect to professional rodeos and that
the PRCA’s bylaws do not create a barrier to entry for competitors. The
Court denied the ERA’s motion for a preliminary injunction, and the ERA
subsequently withdrew their complaint.
“The economists at CRA provided timely and invaluable assistance
throughout this antitrust lawsuit. Their analysis was critical to the
ruling in favor of the PRCA,” said James Keyte, Partner in Antitrust and
Competition of Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates.
Vice President Andrew Dick and Associate Principal Matthew
List led a team of CRA economists on the matter.
About CRA’s Antitrust
& Competition Economics Practice
economists provide economic analysis and testimony in competition
matters around the world. Many have served in government antitrust
agencies and are members of premier academic, economic, and law
faculties. Their experience extends to many industries, including health
care, energy, computer hardware/software, retailing, telecommunications,
aerospace and defense, entertainment, transportation, natural resources,
sports, chemicals, pharmaceuticals, financial services, and consumer
About Charles River Associates (CRA)
Associates® is a global consulting firm specializing in litigation,
regulatory, financial, and management consulting. CRA advises
clients on economic and financial matters pertaining to litigation and
regulatory proceedings, and guides corporations through critical
business strategy and performance-related issues. Since 1965, clients
have engaged CRA for its unique combination of functional expertise and
industry knowledge, and for its objective solutions to complex problems.
Headquartered in Boston, CRA has offices throughout the world and
celebrated its 50th anniversary in 2015. Detailed information
about Charles River Associates, a registered trade name of CRA
International, Inc., is available at http://www.crai.com.
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Source: Charles River Associates
Charles River Associates, 617-425-3620
Merrill Associates, Inc.
Jamie Bernard, 617-542-5300