Antitrust authorities at the U.S. Department of Justice have cleared the way for Microsoft Corp. to complete its €5.44 billion ($7.3 billion) acquisition of Nokia Corp.'s smartphone operations, Microsoft announced Monday.
Miami-based broker-dealer Atlas One Financial Group LLC last week sued its former executive director for allegedly jumping ship to competitor ED&F Man Capital Markets Inc. and luring away another Atlas One employee in violation of their employment agreements.
The U.S. Supreme Court on Monday asked the federal government to weigh in on whether it should hear a dispute over whether the Natural Gas Act preempts multidistrict litigation accusing a slew of energy companies of fixing the price of natural gas.
A California federal judge on Monday threw out a case accusing Apple Inc. of illegally monopolizing the market for iPhone apps, ruling the would-be class members lacked standing to sue over the 30 percent commission the company charges developers in its App Store.
A group of beer drinkers asked a California federal court to revive their antitrust suit against Anheuser-Busch InBev’s $20.1 million acquisition of Group Modelo, arguing Sunday that AB InBev misled the court about future price increases and that plaintiffs are entitled to new discovery.
My practice takes me to a lot of foreign countries, and I've found that in those settings where I might have expected my gender to be a hurdle to overcome, it's often an advantage, says Tara Lee, co-chairwoman of DLA Piper LLP's cross-border litigation practice and managing partner of the firm's Northern Virginia office.
Apax and Carlyle are dueling for an Indian outsourcing firm worth $1 billion, while a state-run private equity fund in Italy has emerged as the front-runner for a sought-after stake in iconic fashion house Versace.
Apple Inc. on Wednesday told a New York federal judge that the Goodwin Procter LLP partner appointed to oversee the company's implementation of court-ordered reforms of its e-book business after an adverse antitrust ruling was charging extraordinary fees and may be given too much power by the court.
A Massachusetts federal judge on Wednesday rejected AstraZeneca PLC and Ranbaxy Inc.'s bid to dismiss as time-barred certain claims in multidistrict litigation alleging the companies violated antitrust laws by agreeing to delay entry of a generic version of AstraZeneca’s heartburn drug Nexium.
The International Swaps and Derivatives Association returned fire at Quinn Emanuel Urquhart & Sullivan LLP in New York federal court Wednesday, bashing the law firm’s attempt to dodge a disqualification in a group of class actions over whether the association and several banks worked together to rig credit default swap markets.
An arbitration panel for the Financial Industry Regulatory Authority has ordered a unit of Barclays Bank PLC to pay $2.1 million to a trader it fired last year amid the scandal over alleged rigging of the London Interbank Offered Rate, according to arbitration documents made public Tuesday.
With the U.S. Navy mired in a bribery scandal involving a contractor who allegedly paid for preferential treatment with cash, prostitutes and Lady Gaga tickets, observers are questioning if Navy contracting officials missed early warning signs of misconduct when the contractor used low-priced bids to get a foot in the door.
Rhapsody International Inc. finally went to court Wednesday in a long-brewing fight over its control of the infamous “Napster” name, lodging a trademark infringement and unfair competition suit against the owner of an open-source music sharing site called Napster.fm.
EMusic founder Bob Kohn sought permission Wednesday to appeal a New York federal court's denial of his request to expand discovery as it mulls final approval of government settlements with Penguin Group USA Inc. and Macmillan Publishers USA for their roles in an e-book price-fixing conspiracy with Apple Inc.
A New York federal judge on Wednesday ordered three former General Electric Co. finance executives to be released from prison one day after the Second Circuit reversed their convictions in an alleged municipal bond bid-rigging scheme involving kickbacks to brokers.
Valley National Bancorp, its top brass and the law firm Genova Burns Giantomasi Webster LLC were hit with a $90 million racketeering suit in New Jersey federal court Tuesday alleging they ran a decadelong scheme to take advantage of mortgage borrowers and profit off of foreclosed properties.
Germany's antitrust watchdog announced Wednesday that it has begun an in-depth investigation into Fresenius Helios' proposed $4 billion acquisition of hospitals from rival Rhoen-Klinikum AG, which would create Europe's largest private hospital operator.
A Tokyo-based manufacturer of car lights that allegedly conspired with competitors to rip off U.S. automakers by fixing the prices of a headlamp component has agreed in a plea deal to pay a $1.44 million criminal fine, the U.S. Department of Justice said Wednesday.
The European Commission on Wednesday announced that it has levied $39 million in fines against North Sea traders for operating a cartel to fix shrimp prices and share sales volume in Belgium, France and Germany for nearly a decade.
Turkish mobile phone operator Turkcell Iletisim AS said Wednesday that it has launched a $4 billion lawsuit against MTN Group in a South African court alleging the company bribed officials to participate in Iran’s second mobile phone network.
As a result of a recent Federal Trade Commission rule change, any transfer of exclusive pharmaceutical patent rights is potentially reportable under the Hart-Scott-Rodino Act, even when the patent owner retains certain manufacturing rights or certain “co-rights," say Harry Robins and David Brenneman of Morgan Lewis & Bockius LLP.
Given the existing corruption risks in Brazil and the country's aggressive new anti-corruption enforcement matrix, in-house counsel may wish to consider stepping up their due diligence — for example monitoring media for potential red flags and considering special policies for the World Cup and Olympics, say attorneys with Pillsbury Winthrop Shaw Pittman LLP.
New Hampshire's new auto dealer protection law — which, among other things, deprives manufacturers of their rights under the Lanham Act — could become a model for the nation. What is surprising is that manufacturers have not yet asserted their federal trademark rights to protect against this interference by the state, says Michael Lockerby of Foley & Lardner LLP.
U.S. authorities have made clear that a company cannot escape Foreign Corrupt Practices Act liability by simply turning a blind eye to the possibility that its business partners are engaging in corrupt activities. But the greater the franchisor’s involvement in the activities of its franchisees, the more likely it is that authorities will determine the franchisor had the requisite “knowledge” of improper conduct and corrupt intent, say Gregory Williams and Robert Smith of Wiley Rein LLP.
Relying on advances in technology that increase efficiency allowed firms during the past few years to reduce the ratio of lawyers to legal assistants from as low as 1-1 to as much as a 4-1. Now is not the time to stress about negative publicity that often results from staff layoffs. Your attention to your bottom line easily translates into an appropriate concern for your clients’ bottom lines, says Allan Colman of The Closers Group.
When is it safe to rely on the research of a junior associate? You may have seen this coming, but it is almost never entirely safe. The law is simply too riddled with dangerous twists and turns that are hard to spot. And these are not traps that can be avoided with common sense. Indeed, attorneys who follow what is normally considered the sensible path of trusting in their judgment of what is reasonable are apt to be betrayed by the law, says Andrew Jarzyna of Ulmer & Berne LLP.
Failing to be nimble with respect to the scope of a public company's internal investigation risks extending the length and cost of the investigation and possibly calling its integrity into question in the eyes of the regulator, says Cory Manning of Nelson Mullins Riley & Scarborough LLP.
Just when many thought the relevancy and importance of the Public Regulatory Policies Act of 1978 were in jeopardy, changing conditions have again given the electric industry some pause. There is a growing sense that over-reliance upon a single approach to energy procurement by utilities or other entities may not be reasonable, says Alan Seltzer of Buchanan Ingersoll & Rooney PC.
Money laundering in the context of the Foreign Corrupt Practices Act is under increased attention from prosecutors, and failure to abide by anti-money laundering compliance requirements can lead to significant enforcement actions against financial institutions, as illustrated in recent settlements by HSBC Bank and TD Bank, say attorneys with Debevoise & Plimpton LLP.
As evidenced by the U.S. District Court for the Southern District of New York's recent decision in Janus et Cie v. Kahnke, the law must balance between protecting against claims of trade secret misappropriation and permitting employers to harass former employees by litigating unsupported claims without alleging any wrongdoing, say R. Mark Keenan and Dennis Artese of Anderson Kill PC.