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 handles a variety of complex litigation matters in state and federal courts across the country. These matters, primarily in the areas of antitrust, financial institutions, insurance coverage, commercial and securities litigation, involve high dollar exposure, and often multiple parties. 

In the antitrust arena, Rick has defended and prosecuted numerous antitrust actions.  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 in Des Moines, Iowa, 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.

In the insurance coverage arena, Rick has been national litigation counsel for environmental claims for a major property and casualty insurer. Rick has successfully handled 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 addition, Rick has advised insurers on regulatory matters.

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

Rick has been named a Minnesota Attorney of the Year. Rick is the 2012 Chair of the Fund for Legal Aid.  Rick also serves on the Board of Trustees for the S.J. Quinney College of Law, University of Utah.

Representative Matters

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

Acme Printing Ink Company v. Menard, Inc. (environmental insurance coverage)

Alexander v. National Farmers Organization (antitrust)

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

City of Richland Center v. M&I Bank Southwest (summary judgment for insurer in bad faith claim)

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)

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

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

Dico, Inc. v. Employers Ins. of Wausau (environmental insurance coverage)

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

Employers Ins. of Wausau v. Jostens, Inc.  (environmental insurance coverage)

Erickson v. Fullerton (health insurance subrogation)

Gencorp, Inc. v. AIU Ins. Co. (environmental insurance coverage)

Gordon v. Microsoft Corporation (Minnesota) (antitrust)

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

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

Hoechst-Celanese Corp. v. National Union Fire Ins. Co.  (product liability insurance coverage)

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

LaSalle Nat'l Trust, N.A. v. Schaffner (environmental insurance coverage)

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

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

Sauk County v. Employers Ins. of Wausau  (summary judgment 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)

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

Utah Assoc. Municipal Power Systems v. Public Service Comm. of Utah  (regulatory/antitrust)

Utah Attorney General Opinion, 1985-2 Trade Cas. ¶ 66,882 (1985) (antitrust)

Utah Attorney General Opinion, 1988-2 Trade Cas. ¶ 68,234 (1988) (antitrust)

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 is AV rated by Martindale-Hubbell and was named a Minnesota Super Lawyer for 2014.