Competition Law360 provides breaking news and analysis on antitrust law. Coverage includes high-stakes antitrust litigation and government enforcement actions, as well as legislative and regulatory developments.
The trial of a former UBS AG trader accused of scheming to manipulate the precious metals futures market with a trading tactic known as “spoofing” headed to a New Haven federal jury Tuesday after prosecutors wrapped up their case by emphasizing the testimony, trading data and other evidence they’ve presented over the past week.
An investigator for the U.K. Financial Conduct Authority testified in a marathon hearing in Manhattan federal court Tuesday that his boss at the financial regulator seems to have made a misrepresentation in the case of two former Deutsche Bank traders accused of rigging the London Interbank Offered Rate.
Two car buyers urged the Sixth Circuit on Monday to reverse a lower court’s decision that struck their objections to nearly $40 million in settlements with Denso Corp. and Mitsubishi Electric Corp. in antitrust multidistrict litigation, saying the deals warrant a second look.
Sinclair Broadcast Group Inc. has laid out more details on how it aims to overcome media ownership limits to acquire Tribune Media Co., outlining plans Tuesday for 23 station divestitures, including holdings in Chicago, Seattle and Miami.
Cigna Corp. and Express Scripts Inc. said Tuesday that they have received requests from the U.S. Department of Justice to provide more information about Cigna’s planned $67 billion purchase of the pharmacy benefits manager, a move the companies said was expected.