Transcript Firm Files Antitrust Suit Against Rival

Law360, New York (July 2, 2009, 12:00 AM EDT) -- Transcription provider Federal News Service Inc. has filed a lawsuit against Congressional Quarterly Inc., alleging that the company has conspired to monopolize the fast-turnaround transcript market and force its sole rival out of business, using tactics including corporate espionage and theft.

The complaint filed in the U.S. District Court for the District of Columbia Thursday alleges that the defendants conspired to undermine FNS, and in pursuit of that goal engaged in a number of anti-competitive business practices and illegal activities, including theft of proprietary and privileged...
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