With this year’s crop of law school graduates getting ready to enter the workforce, veteran antitrust lawyers are about to meet a new set of colleagues who probably learned competition law with a distinctly 21st-century spin. Here, antitrust law professors tell Law360 what they’re teaching these kids.
An investor who pled guilty to rigging bids connected to municipal tax lien auctions in New Jersey was sentenced to one year of probation and a $20,000 fine in federal court Thursday.
The Federal Energy Regulatory Commission on Friday imposed $42 million in penalties and disgorgement on a shuttered Pennsylvania trading firm and its employees for alleged electricity market manipulation, rejecting their claims that the trading activity was legitimate.
A California federal judge Friday said Target and ViewSonic must reveal settlement agreements with defendants in multidistrict litigation over alleged price-fixing in the market for cathode ray tubes in televisions, saying the settlement amounts will help remaining defendants “decide whether to proceed to trial.”
A former Chicago transportation official convicted of helping to steer $124 million in city contracts will have to forfeit $680,000 as part of his punishment because prosecutors proved he accepted that amount in bribes, an Illinois federal judge ruled Friday.
A California federal judge refused Thursday to find that Ericsson Inc. charged a Chinese mobile phone developer an excessive rate for standard-essential patents for wireless technology, saying it would be unfair to apply an arbitration decision issued in a licensing dispute between Ericsson and another company.
The federal government Friday rejected the city of Dallas' concerns over aircraft servicing company BBA Aviation PLC's sale of refueling operations at six airports required to complete a $2 billion merger, telling a D.C. federal court the city didn't adequately address whether the proposed remedy would cure antitrust violations.
Former New York State Senate majority leader Dean Skelos on Thursday launched an appeal of his conviction and five-year prison sentence for using his powerful position in Albany to solicit illegal payments from real estate, insurance and environmental consulting businesses.
Clean Yield Asset Management sent a letter to Alphabet Inc. shareholders Thursday urging them to vote in favor of a proxy measure that would require Google’s parent company to disclose details about its political donations, saying some of its efforts have already caused harm to its reputation.
Walgreen, Rite Aid and other retailers urged the Third Circuit Friday to revive claims that Pfizer paid Ranbaxy to postpone releasing a generic of the cholesterol drug Lipitor and said Pfizer’s argument that the case should go to the Federal Circuit if the district court’s dismissal is overturned is incorrect.
Comcast told small cable installers to "ramp up" their installation services while knowing it would later fire them in favor of two national installation companies, two contractors alleged in a lawsuit filed in Pennsylvania federal court Thursday.
Britain's competition watchdog announced Friday that it has launched an inquiry into supermarket chain J Sainsbury Plc's £1.3 billion ($1.9 billion) acquisition of Home Retail Group, the parent company of popular U.K. retailer Argos, saying it was looking into whether the deal might harm competition in the region.
Hernia mesh manufacturer Tela Bio Inc. told a New Jersey federal judge on Thursday that its insurance company is required to cover its defense costs in a trade secret infringement suit, saying allegations rise to the level of defamation covered under its policy.
InterDigital continued its push to immediately appeal a ruling that kept alive Microsoft's antitrust case over licensing terms for standard-essential patents, telling a Delaware federal judge Thursday that the requested appeal would be efficient and worthwhile.
The U.S. International Trade Commission said Thursday it will investigate U.S. Steel's allegations that Chinese steel producers fixed prices, stole trade secrets and circumvented trade duties by misreporting the manufacturers and origins of their products.
Global regulators on Thursday unveiled their first pass at a uniform code of conduct for the foreign exchange market following a wave of multibillion-dollar rate-rigging settlements, but critics said the proposal was too long in coming and not complete enough to make any meaningful change.
Toshiba Corp. blasted a class certification bid in multidistrict litigation in California federal court accusing it and others, including Samsung, Maxell and Sony, of fixing prices on lithium-ion battery cells, saying an expert falsely determined the entire putative class was harmed.
Buyers of Korean ramen noodles asked a California federal judge Wednesday to let them pursue antitrust claims on a class basis, saying that they all overpaid for the imported noodles because of a price-fixing conspiracy.
The U.S. Department of Justice runs the risk of discouraging corporations from cooperating with investigations under the so-called Yates Memo, the U.S. Chamber of Commerce's Institute for Legal Reform said in a report Thursday, arguing that workers could be pitted against their employers under the policy.
The U.K.’s competition watchdog alleged on Wednesday that a trade association and five modeling agencies — including entities that have previously represented models such as Naomi Campbell, Christy Turlington and Kate Moss — violated the nation’s competition laws by coordinating prices and sharing confidential information with each other.
During complex litigation, litigants often retain consulting experts to help them understand any intricate aspects of social and natural sciences present in a case, but the federal rules provide no such mechanism for the presiding judge. That is where technical advisers come in, say attorneys at K&L Gates LLP.
Despite no geographic overlap in any local market, the U.S. Department of Justice required comprehensive behavioral conditions to prevent New Charter from engaging in future anti-competitive conduct against its smaller rivals. The DOJ should take the same tough and sophisticated approach to protecting consumers from the much larger Anheuser-Busch InBev-SABMiller merger, says Andre Barlow of Doyle Barlow & Mazard PLLC.
Courts often require parties to develop a joint e-discovery plan. But even when they are not court-imposed, parties should consider using joint e-discovery plans to promote transparency and streamline the discovery process, say Anthony Rospert and Jake Evans of Thompson Hine LLP.
Obviously, the Sixth Amendment’s right to counsel was a big winner after the U.S. Supreme Court's decision in Luis v. United States. But practically speaking, there may be no winners, says James Bell of Paganelli Law Group LLC.
If the failed Halliburton-Baker Hughes and Staples-Office Depot mergers collectively constitute a bellwether, we can expect to see fewer horizontal competitors propose mergers in markets that are already concentrated, says Randy Gordon of Gardere Wynne Sewell LLP.
The Federal Energy Regulatory Commission recently affirmed its role in ensuring reasonable rates for wholesale sales of electric energy in Ohio. But state utilities seek to further their objectives without invoking FERC jurisdictional issues, and if other states aim to advance their public policy initiatives using similar methods, it could impose higher costs on captive retail customers, say Joseph Fagan and David Doot at Day Pitney LLP.
Nowhere is the attractiveness of law firms as cybercrime targets more evident than the recent Mossack Fonseca hack, believed to be the most significant data theft event in history. Firms represent a treasure trove of information and historically have had dreadful cybersecurity practices. There has been some progress, but firms can also commit to better defending their information by taking a simple, three-step approach, says Sean D... (continued)
The U.K. government's intention to create new corporate offenses as part of the fight against corruption would be a very significant initiative, both from the perspective of the criminal exposure of corporate entities and from the perspective of the scale of the compliance programs that they must implement. U.S. practitioners will need to be aware of the likely extraterritorial scope of these offenses, say Susannah Cogman and James... (continued)
In calling for mandatory pro bono service, U.S. Supreme Court Justice Sonia Sotomayor is effectively using her bully pulpit to advance the cause of access to justice for the poor. Her courageous leadership is a clarion call to action that must be heeded. But bold as it may be, the pronouncement is incomplete, says David Lash, managing counsel for pro bono at O’Melveny & Myers LLP and a member of the Association of Pro Bono Counsel.
Joining two firms with long histories meant not only combining cultures, philosophies and deeply rooted ways of doing business, but also combining two IT systems, two accounting systems, and two ways of handling many other administrative functions. It didn't help that the firms had different fiscal year ends, says John Langan, managing partner of Barclay Damon LLP.