If you are a young lawyer or law student fascinated by competition in the real-world economy, it’s not too early to start building the skill set and the resume of a top-tier antitrust practitioner. Here, antitrust lawyers share five recommendations they would stress to themselves if they could go back in time.
Competition authorities in Brazil said Monday that a trade association representing steelmakers including ArcelorMittal, ThyssenKrupp and Sinobras would have to answer claims by rebar importers that it has filed a wave of "sham litigation" as part of a sustained effort to delay imports and suppress competition.
The Swiss Competition Commission said Tuesday it has hit Swisscom AG with a fine of CHF 71,818,517 ($72.3 million) for dominating the market for live broadcasting of Swiss soccer and ice hockey championship games on pay TV.
Cox Communications Inc.'s Oklahoma City cable customers asked the Tenth Circuit on Monday to give them back the $6.3 million awarded by a jury that found the company anti-competitively tied rental fees for set-top boxes to its premium services, saying Cox is trying to wedge a higher burden of proof into the suit.
German railway company Deutsche Bahn AG has agreed to change several ticket distribution practices in an agreement with Germany’s competition authority that will end an antitrust investigation related to the competition in the passenger rail ticket market, officials said Tuesday.
A Massachusetts federal judge said Monday he would let most of a False Claims Act suit against Medtronic Inc. go through, including allegations of kickbacks and whistleblower retaliation, but dismissed claims regarding improper off-label promotion.
Anheuser-Busch InBev can go ahead with its planned $100 billion merger with SABMiller, provided that the brewing giants follow through on promises to sell virtually all of SABMiller's European beer business, the European Union’s competition regulator said Tuesday.
Comcast Corp. was hit with an antitrust suit in Illinois federal court Monday accusing it of violating federal antitrust laws by blocking competition in the $5.4 billion “spot” cable ad market, amid a U.S. Department of Justice investigation.
The city of Homestead, Florida, has been added to a growing list of purchasers bringing suit against several companies over an alleged price-fixing and bid-rigging conspiracy for liquid aluminum sulfate, a water-treatment chemical, filing a proposed class action Friday on behalf of indirect purchasers in 31 states and Washington, D.C.
A California federal judge ruled Monday that a Chrysler dealership did not do enough to preserve emails while preparing for its lawsuit alleging the automaker supplied an inadequate number of vehicles, granting Chrysler’s motion for spoliation sanctions.
The city of Philadelphia filed a proposed class action in Illinois federal court Monday that accuses 14 major world financial institutions of colluding to prevent interest rate swaps from being bought and sold on an exchange, the latest in a series of suits over the same allegation.
Some of the world's biggest banks were dealt a major blow when the Second Circuit on Monday revived litigation alleging they rigged the London Interbank Offered Rate, and experts say that settlements could be in the offing in the decision's wake.
Reed Smith LLP has hired away experienced antitrust attorney Bruce Blefeld, whose practice has spanned industries from energy to pharmaceuticals, from K&L Gates and announced Monday he has joined the firm's Houston office as a partner.
France’s antitrust agency on Monday said that it will examine the state of competition in online advertising, looking at factors including the role of big data and the market power that major players such as Google Inc. and Facebook Inc. might hold.
A Total SA unit fighting market manipulation allegations in Texas federal court on Monday blasted the Federal Energy Regulatory Commission's request to put off the company's summary judgment bid while the court decides whether it has jurisdiction, and urged the court to hold a hearing on the issue in June.
Attorneys with four firms were appointed as co-lead counsel to the subscribers in a California multidistrict litigation alleging DirecTV’s exclusive NFL Sunday Ticket package violates federal antitrust laws after a judge said Monday Girard Gibbs LLP’s attorney lacks the experience for the role.
A transmission developer urged the Seventh Circuit Friday to reconsider its backing of the Federal Energy Regulatory Commission's decision allowing a regional grid operator to honor non-federal rights of first refusal for regional electricity projects, claiming the erroneous ruling will stifle competition for new transmission projects.
Rail shippers failed to block a Harvard economist from testifying at a class certification hearing in a fuel surcharge-fixing suit against rail carriers, when a D.C. federal judge ruled Friday that the shippers opposed his testimony because of his opinions, not his methods.
Two Chicago-area hospitals seeking a merger told an Illinois federal court Wednesday that the Federal Trade Commission has not shown that the proposed union will hurt competition, calling the government’s predictions of harm unrealistic and its analysis “a work of fiction.”
The Supreme Court on Monday said it would not review a Third Circuit decision reviving a real estate developer’s claim that a New Jersey ShopRite chain's operator used anti-competitive tactics to block another supermarket from opening, according to an order list issued by the high court.
The top Democrat on the U.S. Senate Committee on Commerce, Science and Transportation on Friday pushed the chiefs of Charter Communications Inc. and Bright House Networks LLC to personally commit to ensuring that the transition after their companies' merger is smooth, saying that customers’ services should not be disrupted.
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.
The new governmental focus on enforcing antitrust laws apart from the M&A area has specific implications to the health care industry. Many aspects of health company operations and strategy could potentially implicate civil and criminal antitrust laws addressing price-fixing, market allocation and similar illegal conduct, say partners with McDermott Will & Emery LLP.
On May 20, 1996, the U.S. Supreme Court held that a $2 million punitive damages award imposed for a tort that caused $4,000 in economic harm was unconstitutionally excessive. In the ensuing 20 years, BMW v. Gore has proved to be a foundational case in punitive damages jurisprudence. We were fortunate enough to have played a role in this historic decision, say Mayer Brown LLP partners Andrew Frey and Evan Tager and Maserati North Am... (continued)
Last week, we discussed why corporate legal departments are taking on so much more work themselves instead of outsourcing it to law firms. This is, of course, an ominous sign for law firms and the traditional partnership structure. So too is disaggregation and the emergence of legal service providers as well as others — notably the Big Four — poised to enter the gargantuan legal services market, says Mark A. Cohen of Legal Mosaic LLC.
After a relative slowdown in 2015, the pace of enforcement activity under the Foreign Corrupt Practices Act has increased sharply in 2016, resulting in a record 15 first-quarter enforcement actions and 17 year to date, say Marc Alain Bohn and Michael Skopets of Miller & Chevalier Chtd.