A former chairman of the Chinese company that acquired a majority stake in England-based cereal maker Weetabix Ltd. is under investigation by Shanghai prosecutors for allegedly taking bribes during his earlier stints as an executive for Shanghai Friendship Group Inc. and Lianhua Supermarket Holdings Co. Ltd., according to the Shanghai Municipal Government website on Tuesday.
A California federal judge on Monday denied a bid by Toshiba America Information Systems Inc. to force several plaintiffs to fork over settlement agreements in multidistrict litigation over cathode ray tubes price-fixing, finding the discovery request was premature.
Chinese antitrust authorities on Monday raided Microsoft Corp.'s offices in the country based on concerns about interoperability issues related to the technology giant's popular Office software, officials said Tuesday.
Belgian shipper Gosselin Worldwide Moving NV and executive Mark Smet moved Tuesday to dismiss allegations the company submitted about 9,100 false claims under a military moving services contract, saying that the government hadn't proven that it had engaged in price-fixing that inflated contract costs.
As the U.S. Securities and Exchange Commission makes good on its promise to crack down on violations of the Foreign Corrupt Practices Act, small publicly traded companies like Smith & Wesson Holding Corp. — which paid $2 million Monday to settle bribery charges — are struggling to balance the draws of emerging market expansion with the costs of American regulatory compliance.
Morgan Stanley, Royal Dutch Shell PLC and others asked a New York federal to toss a consolidated class action in multidistrict litigation accusing them of manipulating crude oil futures, arguing that the plaintiffs can't point to specific antitrust conduct to back their claims.
The European Commission on Tuesday approved Poland’s plan to aid struggling airline LOT, the country’s flagship carrier, with €193.6 ($259.6 million) to support a restructuring program intended to stave off bankruptcy, ruling the money will not unduly distort competition.
New York’s top banking regulator is reportedly seeking to put monitors in place at Deutsche Bank AG and Barclays PLC as an investigation into alleged foreign exchange market-rigging picks up steam.
Endo Pharmaceuticals Inc., Teikoku Seiyaku Co. Ltd. and Watson Pharmaceuticals Inc. urged a California federal judge on Monday to dismiss several suits in multidistrict litigation accusing them of illegally agreeing to delay a generic version of the Lidoderm pain relief patch, arguing the deal was perfectly lawful.
A former U.S. Department of Defense contractor was arraigned in Ohio federal court on Monday following extradition from Iraq over charges he tried to bribe department officials to win contracts, the U.S. Department of Justice said.
A New York federal judge refused Monday to allow airlines accused in multidistrict litigation of price-fixing air-cargo rates to obtain discovery in their bid to disqualify Kaplan Fox & Kilsheimer LLP as plaintiff counsel, saying there was no evidence it gleaned confidential information about the airlines' litigation strategy.
Deutsche Bank AG’s long-simmering bid to take over Deutsche Postbank AG hit a snag Tuesday when Germany’s high court declined to give it final approval and instead referred a lawsuit brought by an investor over the deal to an appeals court for further consideration.
A Pennsylvania judge has rejected a request by Pfizer Inc. unit King Pharmaceuticals Inc. and Mutual Pharmaceutical Co. Inc. to throw out litigation launched by generics maker SigmaPharm Inc. alleging the companies conspired to suppress the release of generic forms of the muscle relaxant Skelaxin.
Eastman Kodak Co. on Monday became the latest plaintiff in a slew of antitrust lawsuits across the nation alleging Goldman Sachs Group Inc., JPMorgan Chase and Co., the London Metal Exchange and others schemed to inflate the value of aluminum by stockpiling huge amounts of the metal.
Marriott International Inc. on Monday won the dismissal of a $350 million antitrust suit brought by the bankrupt owner of a Marriott hotel on Manhattan’s Upper East Side that alleged the hotel management company forced it to take on a union in an under-the-table deal that kept its higher-profile Manhattan hotels free of labor organization.
A drugmaker potentially breached the Anti-Kickback Statute by supplying discounts that could encourage use of other items and services covered by Medicare and Medicaid, but the company enacted safeguards that reduced the risk of fraud and made sanctions unnecessary, according to an Office of Inspector General opinion posted Monday.
Groupe Eurotunnel SA and the former SeaFrance SA have appealed the U.K. Competition and Markets Authority's decision blocking the merger between the Channel Tunnel operator and the remnants of the now-defunct French ferry operator, according to notices published on Friday.
GlaxoSmithKline PLC and Teva Pharmaceutical Industries Ltd. on Friday urged the Third Circuit to reject the Federal Trade Commission's request to participate in oral arguments in the Lamictal pay-for-delay litigation, saying the antitrust watchdog was not the "independent" observer it claimed to be.
Three General Electric Co. finance units have agreed to pay the state of West Virginia $950,000 to settle an antitrust lawsuit alleging they helped manipulate the market for municipal derivatives, the state announced Monday, bringing the number of banks the state has settled with in the multidistrict litigation to seven.
The Ninth Circuit on Friday agreed to let St. Luke's Health System Ltd. hold on to Saltzer Medical Group PA while it appeals a ruling ordering it to divest the physician practice group because the acquisition violated antitrust law.
The European Commission recently imposed a $26.9 million file on Marine Harvest ASA for acquiring its rival Morpol ASA without receiving prior authorization under the EU Merger Regulation, once again highlighting the EC’s determined efforts to significantly fine companies that do not comply with the standstill obligation of the EU competition merger rules, say Sebastian Jungermann and Jens Steger of Kaye Scholer LLP.
In a departure from Jewel v. Boxer, the decisions in the cases of Thelen LLP and Heller Ehrman LLP reflect a shift in the manner by which courts treat trustees’ claims for post-dissolution fees, say Angelo Savino and Julie Moeller Albright of Cozen O'Connor.
As the Judicial Panel on Multidistrict Litigation heads to the “Heart of America” for its July 31 hearing, this column will take a bit of a detour from its regular format and present a top 10 list of arguments — some strange, yet true — made in support of a particular MDL venue, says Alan Rothman of Kaye Scholer LLP.
The Federal Trade Commission's recent settlement with two leading online barcode resellers over violations of Section 5 of the FTC Act provides a warning that even when the FTC cannot prove an agreement to fix prices or allocate customers it still may seek relief, say Scott Perlman and Matthew Tabas of Mayer Brown LLP.
Despite the announcements and commentary that the U.K. Bribery Act of 2010 heralded a new and aggressive face toward corporate corruption, there have as yet been no corporate prosecutions brought under the act. But it would be perilous in the extreme to think it is business as usual when it comes to prosecuting corruption, says Raymond Sweigart of Pillsbury Winthrop Shaw Pittman LLP.
A recent U.S. Department of Defense study provides data the DOD interprets as showing that the presence of competition improves contracting outcomes for the government, and it has implications for future antitrust analysis applied to mergers, acquisitions and teaming agreements, says Jon Dubrow of McDermott Will & Emery LLP.
Potential bids by U.S. suitors for U.K. target companies in the pharmaceutical and health care sectors seem to be a recurring theme this year
Although challenges remain for generics, it is clear at the 30-year mark that the promise of Hatch-Waxman has been realized, quite possibly beyond the dreams of Senator Orrin Hatch and Congressman Henry Waxman, say Alan Klein and Solomon David of Duane Morris LLP.
The U.S. Supreme Court's acceptance of Gelboim v. Bank of America Corp. will resolve a circuit split on whether a plaintiff can immediately appeal the district court’s dismissal of a lawsuit that has been consolidated with other suits that are still pending, but it is merely the first of several steps needed to revive the bondholder plaintiffs' antitrust claim, say Stacey Slaughter and Thomas Berndt of Robins Kaplan Miller & Ciresi LLP.
A growing trend in the Southern District of New York akin to a sua sponte rocket docket can provide defendants with an opportunity to set the tone of discovery and shift the burden and risks of the schedule to their adversaries, say Isaac Greaney and Jackie Lu of Sidley Austin LLP.