News Corp. Must Face Trimmed $1.1B Antitrust Suit
Law360 (February 21, 2019, 9:44 PM EST) -- Valassis Communications Inc. can continue a $1.1 billion antitrust action against News Corp. over alleged anticompetitive activities in the in-store promotion sector, but it can’t pursue claims that its rival’s pricing practices were predatory, a New York federal judge ruled Thursday.
U.S. District Judge P. Kevin Castel said Valassis' claims of predatory pricing fail because News Corp. and its affiliates in the in-store ad field did not offer pricing terms that were unprofitable for them.
Some of the contracts News Corp. affiliates signed for in-store promotions, or ISPs, including product ads in shopping carts and coupon racks on shelves, turned out...
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