Lawyers and lawmakers are braced on Friday for uncertainty following the U.K.’s vote to exit the European Union, leaving London to redefine and rewrite its trade and legal ties with the EU, the U.S. and the rest of the world.
A former U.S. Navy contracting official on Thursday copped to bribery charges in California federal court, the 11th person to plead guilty in the massive scheme to steer vessels to ports controlled by Glenn Defense Marine Asia in exchange for cash, luxury travel and the services of prostitutes.
Turkish soccer club Galatasaray SK will remain banned from participating in European club tournaments for the next two seasons after having its challenge to the Union of European Football Associations’ restrictions on spending rejected by an arbitration tribunal Thursday.
A former commissioner from the Federal Trade Commission argued on Wednesday that the Federal Communications Commission puts little to no emphasis on studying the economics of its decisions and referred specifically to the agency's net neutrality regulation just upheld by the D.C. Circuit.
California’s top insurance official on Thursday asked the U.S. Department of Justice to block Aetna Inc.’s controversial proposed $37 billion purchase of Humana Inc., saying it will increase costs for customers and decrease quality of care.
The Supreme Administrative Court of Lithuania has fined grocery chain Maxima LT UAB and frozen baked goods producer UAB Mantinga nearly €16 million ($18.2 million) in total fines for allegedly fixing the prices of baked goods.
Southwest Airlines Co. told the Fifth Circuit on Wednesday that Delta Air Lines Inc. has falsely accused it of waging an anti-competitive campaign to eliminate competition at Dallas’s Love Field airport in a dispute over gate space leased by Southwest.
American Airlines, Delta, United and a global airfare publisher doubled down on their bid to toss a California antitrust suit alleging they colluded to fix fares on multicity flights and overcharged consumers, arguing Wednesday the airlines acted independently and the suing travel agents lack standing.
A London judge on Thursday told jurors weighing Libor manipulation charges against five former Barclays bankers that only 10 of them needed to agree on the verdict after the jury quickly reached an impasse.
Lehigh Valley Technologies Inc. and Endo Global Ventures sued generic-drug manufacturer Sandoz Inc. in New Jersey federal court on Wednesday over a potassium supplement that they say was never approved by drug regulators.
A New York federal judge on Wednesday preliminarily approved $58 million in class settlements between investors and HSBC Holdings PLC, Citigroup and brokerage firm RP Martin Holdings Ltd., marking the first deals in an antitrust suit accusing several large financial institutions of fixing yen-denominated Libor rates.
Former United Nations General Assembly Chief John Ashe, a diplomat who spent a decade at the U.N. and was implicated in a $1.3 million bribery scandal, died at the age of 61 Wednesday afternoon, five days before a scheduled status conference, his attorney confirmed to Law360.
Competition regulators have levied just $1.1 billion in fines for cartel enforcement so far this year, down from $3.17 billion last year, with authorities in the Asia-Pacific region accounting for more than half of the total, according to a report released by Allen & Overy LLP on Wednesday.
Two Chicago hospitals whose proposed merger is being fought by the Federal Trade Commission and the state on Tuesday asked a district court to narrow an injunction blocking the merger to limit its duration to one specific appeal by the government to the Seventh Circuit.
The competition authorities of the European Union and South Africa on Wednesday said that they will try to share information and coordinate their enforcement efforts in future antitrust cases that implicate the interests of both authorities.
While prosecutors cheered Tuesday's conviction of Rep. Chaka Fattah, D-Pa., on sweeping racketeering conspiracy charges, some critics view the case as more evidence that the government's increasingly aggressive efforts to root out public corruption has threatened to criminalize unremarkable political activities and relationships.
A group of Democratic U.S. senators on Wednesday asked the U.S. Department of Justice to stop two proposed mergers between health insurance giants.
The White House on Tuesday said it would likely veto an appropriations bill under consideration in the House partly out of concerns that the Federal Trade Commission’s antitrust efforts would be hindered by resource constraints.
Cable companies objected to the Federal Communication Commission’s proposed regulatory fee schedule for the coming year, saying it would set the fees for satellite providers at an unfairly low rate.
An organization representing high school sports associations has voiced support for the NCAA’s bid for U.S. Supreme Court review of Ed O'Bannon Jr.’s antitrust suit over compensation for student-athletes' images and likenesses, arguing that the Ninth Circuit gave too little weight to the NCAA’s interest in maintaining amateurism.
A wireless association and competitive carriers group have told the Federal Communications Commission that its guidance for following the Open Internet Order’s transparency rule amounts to new rule-making without providing required notice and an opportunity to comment.
Even within the narrower category of deals with a signed definitive agreement that are later terminated for reasons other than a superior offer, the trend of broken deals this year stands out. Looking at selected signed transactions that have been terminated, three secular trends emerge, say attorneys with Kirkland & Ellis LLP.
Recent hotel industry consolidation, like the Starwoods/Marriott merger, has caused STR Inc. to revise its competitive set rules. This means operators, brands and owners will need to renegotiate key provisions surrounding performance, resulting in revisions to hotel management agreements, says Bob Braun at Jeffer Mangels Butler & Mitchell LLP.
The D.C. Circuit's decision this week upholding the Federal Communications Commission's 2015 Open Internet Order deals a significant blow to claims that broadband providers either must as a legal matter or should as a policy matter be left to operate largely free of traditional common carrier regulation, says Christopher Savage, co-chairman of Davis Wright Tremaine LLP's communications practice.
The Federal Trade Commission’s recent losses in Penn State Hershey and Advocate Health Care mark the end of the agency’s winning streak in hospital merger cases. What the Third Circuit decides in Penn State could have seismic effects on the FTC's efforts to slow the record pace of health care provider consolidation, say attorneys with Ballard Spahr LLP.
The Oregon federal court did not rule definitively on the relevant market issue when it dismissed the antitrust suit filed by Run Gum — a chewing-gum manufacturer founded by Olympic runner Nick Symmonds — but the case provides support for a pro-competitive assertion of control over a promoter’s own sponsorship rights to promote investment in a brand and protect against free riders, says Jacob Danziger of Schiff Hardin LLP.
It's no secret that law firms are generally thought of as having one of the lowest commitments to diversity among industry groups. But that perception is juxtaposed against the fact that many have gender diversity initiatives. So why is there so little progress? The answer is complex, but bridging the disconnect lies in ensuring that certain elements of a gender diversity and inclusion initiative are firmly in place, says Robyn Pol... (continued)
The U.S. Supreme Court's holding in Ocasio may pave the way for increased charging of Hobbs Act conspiracies, especially in situations in which bribery could be charged instead. But the biggest revelation of Ocasio, arguably, is in the skepticism expressed by four of the eight justices about the broad reach of the Hobbs Act, say Emily Harlan and Brian Kelly of Nixon Peabody LLP.
Bayer has offered an array of familiar justifications for its proposed combination with Monsanto, but, as we’ve seen in the regulatory rejection of several recent merger proposals, an appeal to “synergies” will not alone carry the day, says Randy Gordon of Gardere Wynne Sewell LLP.
The real threat to law firms comes from in-house legal departments, which have increased in size, prestige, management responsibility, and attractiveness to top legal talent. But it’s not just labor arbitrage that accounts for the shift from outsourcing work to doing it in-house, says Mark A. Cohen, founder of Legal Mosaic LLC.
The recently published “Global Code of Conduct for the Foreign Exchange Market” will likely be used by regulators to define “best practices” in the forex markets, and the behavior that would be deemed disruptive, abusive or manipulative. Attorneys with Cadwalader Wickersham & Taft LLP discuss some noteworthy aspects of the new code.