Schering-Plough Corp. has agreed to pay $31 million to settle allegations by the state of Missouri that a former subsidiary overcharged the state's Medicaid program, one day after the pharmaceutical giant said it would appeal a jury verdict that found the company must pay $7.3 million in compensatory damages as well as undetermined punitive damages.
Seoul Semiconductor Ltd. is suing rival Nichia Corp. for anti-competitive behavior, claiming Nichia is on a “litigation rampage," using baseless lawsuits to limit competition in the light-emitting diode market.
U.S. antitrust policy is likely to undergo striking changes under an Obama administration, experts say, pointing to comments President-elect Obama made on the campaign trail as well as the newly elected president's campaign platform.
The U.K. has cleared Lloyds TSB's proposed acquisition of HBOS PLC — the holding company for the Bank of Scotland and the U.K.'s largest mortgage lender — just six weeks after the British government announced it would relax its competition rules for the deal in order to stabilize the nation's financial markets.
A federal judge threw out an antitrust complaint in which Analogix Semiconductor Inc. accused Silicon Image Inc. of muscling Analogix out of the market for high-definition multimedia interface solutions, but left the door open for Analogix to file an amended version.
After BHP Billiton Ltd. rebuffed a request by Japan's Federal Trade Commission for more information on the global mining giant's proposed $130 billion hostile takeover bid of Rio Tinto Group, Japan reportedly plans to ask the European Union to block the merger as early as Friday.
A report released by the U.S. Department of Transportation on Thursday suggests that airports with hourly flight limits are restrictive to airline competition and may spark sharp increases in domestic ticket costs.
Facing increasing pressure over its proposed advertising deal with Google Inc., Yahoo Inc. has reportedly begun examining the possibility of a merger with AOL LLC.
More than a dozen major title insurers facing antitrust action that accuses the industry of conspiring with a New Jersey rating bureau to fix prices have moved to toss the suit, citing the filed rate doctrine.
As partners from dissolving Heller Ehrman LLP continue jumping to firms across the U.S., former Heller Chairman Matthew L. Larrabee — whose experience includes antitrust litigation and representing a corporate trust operation — has joined Dechert LLP's San Francisco office.
The U.S. Federal Maritime Commission plans to sue the ports of Los Angeles and Long Beach in a move to block components of a program aimed at reducing air pollution that the agency says violate federal trade law because they reduce the competition necessary for the free flow of foreign trade into the U.S.
The European Commission has announced that it is investigating Telekomunikacja Polska SA, Poland's incumbent telecommunications company, for possible abuse of its dominant market position.
A federal judge on Wednesday partially granted Fannie Mae and Freddie Mac's motion to dismiss a putative antitrust class action alleging the mortgage giants collaborated instead of competed when setting guarantee fees associated with backstopping against loan defaults. But a key portion of the lawsuit survived.
The U.S. Department of Justice ordered Verizon Communications Corp. on Thursday to divest assets in 22 states before going forward with its $28 billion buyout of Alltel Corp. to create the country's largest cell phone provider.
Whole Foods Market Inc. shoppers have filed a putative class action alleging that the natural foods supermarket chain began charging inflated prices for organic produce after its acquisition of Wild Oats Market Inc. last year.
Six more former Heller Ehrman LLP litigation partners, several of whom held top managerial posts at the firm, have found a new home, this time at Sidley Austin LLP. The partners specialize in securities, energy and complex commercial and corporate litigation.
A New York attorney has sued Citigroup Inc. for allegedly using its dominant position in the market for underwriting airline special facility bonds to block the use of a new method she invented for financing airline terminal construction and renovation projects.
A trial set for next week on antitrust allegations by casino game maker Bally Technologies Inc. against its rival International Game Technology has been postponed, with a federal judge ruling that his recent summary judgment decision on the patent infringement issues in the case must be reviewed by an appeals court before the trial can proceed.
Qantas Airways Ltd. will pay about $13.4 million and British Airways PLC about $3.4 million to Australia's competition watchdog to settle claims that they took part in a global air freight cartel.
Russia's OAO Gazprom is working with national authorities to create nondiscriminatory access to its pipeline system following requests from the country's government, the energy producer announced Tuesday.