Richard Hagstrom
500 Washington Avenue South
Suite 4000
Minneapolis MN 55415
TEL: (612) 336-9145
FAX: (612) 336-9100
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Practice Areas
Bar and Court Admissions

Richard M. Hagstrom

Rick has the reputation of being a zealous negotiator, litigator and trial attorney.  Rick handles complex litigation matters in state and federal courts across the country. He has defended many individuals and corporations in high exposure matters and he has recovered nine figure settlements for his clients. 

Rick is no stranger to the antitrust arena. Rick has defended and prosecuted numerous antitrust actions. For example, he has been co-lead counsel in the only two indirect purchaser antitrust lawsuits against Microsoft Corporation that went to trial. In 2004, after seven weeks of trial, Rick reached a $182 million settlement with Microsoft Corporation on behalf of Minnesota businesses and consumers. In November 2006, Rick was co-lead counsel in another class action trial against Microsoft, which settled in February 2007 for $180 million. Rick also led a third consumer class action against Microsoft in Wisconsin, which settled in 2007 for $224 million.

Rick has been national litigation counsel for environmental claims for a major property and casualty insurer. Rick has successfully defended dozens of multi-party and class action cases for his insurer clients involving environmental, product, mass tort, and bad faith claims, as well as McCarran-Ferguson Act issues.

In the commercial arena, Rick has represented both plaintiffs and defendants in banking, RICO, unfair trade practices, securities, securities lending, and intellectual property litigation.

In the entertainment and sports arena, Rick has been on the front lines representing athletes against the NCAA to establish new guidelines for paying “grant-in-aid” scholarships and against the NHL for injuries due to concussive and sub-conconcussive impacts.  Rick is also an associate member of The Recording Academy (Grammys).



3M Company v. Great American Insurance Co. (Minnesota)

Floyd et al. v. NCAA (Minnesota)

Harne v. State of Minnesota (Minnesota) (tobacco litigation)

In re: National Collegiate Athletic Association Athletic Grant-in-Aid Cap Antitrust Litigation (California)

Murphy v. National Hockey League (Minnesota)

Rohloff v. National Hockey League (Minnesota)

Pro-Sys Consultants v. Microsoft Corp. (Canada - consultant)

U.S. Bank National Association v. First American Title Ins. Co. (Minnesota) (bad faith insurance coverage dispute)


A.Y. McDonald Industries, Inc. v. Ins. Co. of North America (summary judgment for insurer-client in environmental insurance coverage claim)

Alexander v. National Farmers Organization (antitrust)

Cherne Contracting Corporation v. Wausau Insurance Companies (summary judgment for insurer-client in workers compensation/bad faith insurance coverage claim)

City of Richland Center v. M&I Bank Southwest (summary judgment for insurer-client)

Comes v. Microsoft Corporation (Iowa) (antitrust)

Community Nutrition Institute v. Block (federal milk market order)

COPIC Insurance Company v. Wells Fargo Bank, N.A. (Colorado) (securities lending)

CSX Transp., Inc. v. Admiral Ins. Co. (Florida)

Daley v. Farm Credit Administration (summary judgment for client in age discrimination case)

Detrex Chemical Industries, Inc. v. Employers Insurance of Wausau (environmental insurance coverage)

DICO, Inc. v. Employers Insurance of Wausau (Iowa)

Duling et al. v. Fidelity National Title Ins. Co. (Pennsylvania)

Employers Ins. of Wausau v. Ehico Liquidating Trust (environmental insurance coverage)

Gordon v. Microsoft Corporation (Minnesota) (antitrust)

Green v. Associated Milk Producers, Inc. (summary judgment for client in antitrust case)

Group Health Plan, Inc. v. Philip Morris Incorporated (antitrust and trade regulation claims)

Hasrouni v Fidelity National Title Ins. Co. (Ohio) (antitrust )

In re Aftermarket Filters Antitrust Litigation (Illinois) (antitrust)

In re Pennsylvania Title Ins. Antitrust Litigation (Pennsylvania) (antitrust)

Kohler Company v. Employers Ins. of Wausau (summary judgment for insurer-client in environmental insurance coverage case) 

Konrad v. General Motors (Texas) (patent)

McCray v. Fidelity Nat. Title Ins. Co. (Delaware) (antitrust)

McGraw-Edison Co. v. Speed Queen Co. (environmental insurance coverage)

Pearl & Plumeri Assoc., LLC, et al. v. Fidelity National Title Ins. Co.  (New Jersey) (antitrust)

Regent Ins. Co. v. City of Manitowoc (summary judgment for insurer-client in environmental insurance coverage case)

Sauk County v. Employers Ins. of Wausau (summary judgment for insurer-client in environmental insurance coverage case)

Sentry Foods, Inc. v. Associated Milk Producers, Inc. (summary judgment in antitrust case)

State of Illinois v. Associated Milk Producers, Inc. (summary judgment in antitrust case)

State of Utah v. Fletcher (criminal RICO/antitrust conviction affirmed)

The City of Farmington Hills Employees Retirement System, et al. v. Wells Fargo Bank, N.A. (Minnesota) (securities lending)

Workers Compensation Reinsurance Association v. Wells Fargo Bank, N.A. (Minnesota) (securities lending)

Articles & Presentations

"What O’Bannon Means For NCAA's Next Round Of Litigation," Competition Law360, September 3, 2014, co-author

"NCAA’s Latest Legal Nightmare May Be Most Important," Competition Law360, July 11, 2014, co-author

"Ongoing Tension Between Filed-Rate And State Doctrines," Competition Law360, July 10, 2013, co-author

"Novel Approach to Opposing Class Certification Rejected," Competition Law360, March 7, 2013, co-author

"Broadening Application Of The Filed Rate Doctrine," Competition Law360, September 13, 2012, co-author

"The FTC’s War On 'Pay-For-Delay' Agreements," Competition Law360, June 21, 2011, co-author

The Jury Consultant's Role in Preparing Antitrust Witnesses, ABA Antitrust Spring Meeting, Washington, DC, March 2008, presenter 

International Commercial Arbitration, Mediation and Dispute Resolution, Center for International Studies, Steamboat Springs, CO, February 2005, presenter

Legal Liabilities and the Year 2000 Crisis, Year 2000 Computer Liability Conference, Chicago, IL, June 1998, presenter

Professional Affiliations


Rick was the 2012-14 Chair of the Fund for Legal Aid.  He also serves on the Board of Trustees for the S.J. Quinney College of Law, University of Utah.

Rick was named a Minnesota Attorney of the Year.  He is also AV Preeminent rated by Martindale-Hubbell and was named a Minnesota Super Lawyer.