Three General Electric Co. units will pay $18 million to end part of their involvement in multidistrict litigation accusing them and other financial institutions of colluding to rig bids in the municipal bond derivatives market, according to a filing in New York federal court Friday.
A New York federal judge gave final approval on Friday to $95 million in settlements between a group of book publishers, the federal government and a proposed consumer class to resolve e-book price-fixing claims.
A New York federal judge on Friday affirmed a bankruptcy judge’s decision to allow a merger between American Airlines and U.S. Airways to move forward, denying a group of customers their bid to stop the deal before it goes through on Monday, according to news reports.
A California federal judge overseeing multidistrict price-fixing litigation against lithium-ion battery manufacturers on Friday ordered Panasonic Corp. to hand over documents used in a separate grand jury investigation that led Panasonic subsidiary Sanyo Electronics Co. Ltd. to plead guilty to antitrust charges and pay $10.7 million.
Impax Laboratories Inc. has settled a suit alleging its proposed generic version of OxyContin infringed Purdue Pharma LP's patents for a tamper-resistant version of the painkiller, according to a consent judgment filed Friday in a suit that had been rolled into antitrust multidistrict litigation in New York federal court.
An attorney convicted in Pennsylvania’s “kids for cash” kickback scandal sued a business associated with his former partner in building juvenile detention facilities in state court on Thursday, alleging that the partner swindled him out of his interest in the two facilities.
Air New Zealand Ltd. asked a California federal court on Thursday to grant summary judgment in its favor on all claims in a multidistrict litigation where a putative class is accusing it of unlawfully fixing prices on passenger fares and surcharges, arguing that the remaining damage claims are barred by the filed rate doctrine.
A former Rhode Island attorney and executive at defunct defense contractor Advanced Solutions for Tomorrow Inc. on Friday was sentenced to five years of probation for her role in a 15-year, $10 million U.S. Navy kickback and bribery scheme.
Security contractor Protection Strategies Inc. asked a Virginia federal court Thursday to reject Starr Indemnity & Liability Co.’s attempt to dodge covering PSI’s defense costs stemming from allegations it defrauded NASA and other agencies in a $31 million kickback scheme for which several PSI executives face criminal charges.
Chevron is again pushing back development plans for a $6.4 billion gas venture it shares with PetroChina, while a federal official warns a prospective Comcast-Time Warner merger would be hard-pressed to clear a regulatory review.
The European Commission said Thursday that it made several unannounced inspections at companies — including Samsung Group — throughout the European Union based on suspicions that they manipulated the online prices of some electronics and domestic appliances.
Brazil's antitrust watchdog on Wednesday proposed allowing Anhanguera Educacional Participacoes SA and Kroton Educacional SA, two of the country's largest for-profit education providers, to merge, but only with conditions to keep the deal from harming competition for undergraduate services in three cities.
The German federal cartel office on Thursday published a draft of a new guidance document to help foreign companies more easily determine whether proposed mergers “significantly affect” the German market and therefore subject to German M&A control rules.
Samsung Electronics Co. Ltd. and a class of consumers urged the Ninth Circuit on Thursday to revive their separate antitrust suits over an alleged patent-licensing cartel among Panasonic Corp. and other flash memory card makers, arguing that a district court judge incorrectly found both sets of claims time-barred.
Federal Trade Commission staff challenging Ardagh Group SA's $1.7 billion deal to buy a unit of France's Saint-Gobain SA asked the commissioners on Wednesday to exclude evidence brought by Ardagh Group SA to show it might spin off some of its glass container units if were allowed to move forward with the transaction.
The European Commission updated its merger rules Thursday to make more deals eligible for a simplified review and reduce the amount of information the watchdog requires companies to provide about all mergers.
The Second Circuit on Thursday killed a failed magazine advertising research firm’s antitrust suit claiming one-time rival GfK Mediamark Research & Intelligence LLC drove it out of business, finding no strong evidence of predatory pricing or attempted market monopolization.
America Movil could face forced asset sales based on findings from Mexico's telecom watchdog, while Kyle Bass' Hayman Capital unloaded the hedge fund's remaining stake in J.C. Penney.
A California federal judge on Tuesday refused to toss an antitrust suit accusing patent aggregator RPX Corp. and several Android device makers of conspiring to refuse patent licenses from Cascades Computer Innovation LLC, finding that Cascades had sufficiently bolstered its previously dismissed complaint.
The European Union's highest court on Thursday upheld a nearly €140 million ($191 million) fine against Solvay SA for its role in an alleged bleach cartel, but it rejected the European Commission's bid to reinstate a €58 million fine against Edison SpA for the same plot.
The U.S. Securities and Exchange Commission has generally not concerned itself with improper conduct involving embargoed countries. But the SEC’s complaint in the recent Weatherford International Ltd. case suggests that the agency takes the position that inaccurate accounting of transactions with embargoed countries can result in violations of the Exchange Act, say attorneys with Ropes & Gray LLP.
Earlier this year, the Seventh Circuit found that the Clayton Act’s nationwide service-of-process and venue clauses must be read as an integrated whole — the third federal appeals court to reach this conclusion. The ruling may mark a tipping point, commanding influence within other circuits that have yet to decide whether the Clayton Act permits nationwide venue in antitrust cases, say Stephen Safranski and Mahesha Subbaraman of Robins Kaplan Miller & Ciresi LLP.
What is the thinking as to whether leaky air conditioner cases warrant multidistrict litigation treatment? On Dec. 5, the Judicial Panel on Multidistrict Litigation heads to Vegas to find out. This will bring a temperature shift in more ways than one from the September hearing, where the panel considered a potential MDL proceeding arising from allegedly defective clothes dryers, says Alan Rothman of Kaye Scholer LLP.
Two recent decisions in the Fifth Circuit and the Federal Circuit involving Kellogg Brown & Root Services Inc. dealt with vicarious liability under the Anti-Kickback Act for subcontractor kickbacks accepted by KBR’s employees. Both decisions are flawed, but they should alert contractors to a serious need to revisit ethics and compliance programs to address kickback situations, says John Pachter of Smith Pachter McWhorter PLC.
Five years ago, the Federal Trade Commission waded into the debate regarding the competition issues posed by “follow-on biologics.” Some three years after Congress provided a pathway for approval of such products, no follow-on biologic has been approved by the U.S. Food and Drug Administration. Now the FTC is revisiting the issue — particularly state restrictions, say attorneys with Wilson Sonsini Goodrich & Rosati.
Because Latin American countries differ substantially from one another, there is no effective one-size-fits-all approach to anti-corruption compliance in the region. That said, companies doing business in the region should be aware of a number of recurring compliance concerns that may lead to an increased risk of violating the FCPA or other applicable anti-bribery laws, say attorneys with Debevoise & Plimpton LLP.
The U.S. Supreme Court once famously warned against a “literal approach” to the application of the Sherman Act. Literalism, according to the court, is “overly simplistic and often overbroad.” And we learn again in Gulf States Reorganization Group v. Nucor Corp. that a rival’s “lousy” intent alone does not violate the act, says Alan Kusinitz of Proskauer Rose LLP.
Tuomey Healthcare System Inc. recently incurred penalties to the tune of $237.4 million under the False Claims Act. The full consequences of this case for hospitals and physicians have not yet fully developed, but it is clear that compensation arrangements may not take into account the volume or value of referrals of designated health services without running afoul of the Stark Law, says Chris Morrison at GrayRobinson PA.
Historically, the courts have viewed franchise tying arrangements as anti-competitive, yet recent case law reflects a shift in scrutiny and provides franchisors with a sense that the courts may eventually choose to adopt a test that is more in line with a rule-of-reason approach, says Jose Arochi of Novak Druce Connolly Bove & Quigg LLP.
The aggressively regulatory approach under the Consumer Choice in Online Video Act ensures that the bill as a whole is not likely to become law. The Furthering Access and Networks for Sports Act, introduced in the Senate the same day, addresses sports blackouts and also is unlikely to move as a standalone bill, say Seth Davidson and Arthur Harding of Edwards Wildman Palmer LLP.