Makan Delrahim’s confirmation as head of the U.S. Department of Justice’s Antitrust Division comes with several major mergers up for review and politicians clamoring for stepped-up enforcement, and the decisions made on these deals could shed light on the direction and posture of the division going forward. Here, Law360 takes a look at some of the transactions waiting on Delrahim's desk.
Mitsubishi Electric Corp. has agreed to pay $1.3 million to settle claims in multidistrict litigation alleging a conspiracy to fix prices for truck alternators and starters, according to a filing in Michigan federal court Wednesday.
Former UBS trader Tom Hayes has received permission to appeal an order allowing the Serious Fraud Office to confiscate £879,000 ($1.16 million) in assets after his conviction for manipulating the London interbank offered rate, his lawyer said Wednesday.
A federal grand jury indicted Nippon Chemi-Con Corp. for participating in a long-running conspiracy to fix prices for electrolytic capacitors, the U.S. Department of Justice announced Wednesday.
In a closing argument that lasted 5 1/2 hours, counsel for former former HSBC foreign currency exchange executive Mark Johnson told a Brooklyn federal jury Wednesday that Johnson, despite defrauding Cairn Energy through a $3.5 billion forex deal, is a good man, an innocent man incapable of committing fraud and, for good measure, there was no fraud.
Discount retailer Dollar Tree Inc. attacked counterclaims lobbed by the purchaser of its divested stores in Delaware state court Wednesday, saying they should be tossed because they are devoid of any factual basis or specific allegations of wrongdoing relating to its performance under a transition services agreement signed at the time the stores were transferred.
A Florida federal judge declined Wednesday to reconsider the dismissal of claims against an Argentine sports media rights company in a bribery and antitrust lawsuit against a group of 21st Century Fox Inc. units over broadcast rights for South American soccer tournaments.
President Donald Trump on Thursday named Joseph J. Simons of Paul Weiss Rifkind Wharton & Garrison LLP to lead the Federal Trade Commission in a bid to fill one of the major gaps in his administration’s leadership on antitrust, merger and consumer protection policy.
AT&T Inc. on Wednesday said that Brazil’s antitrust authority has conditionally approved its planned $85.4 billion purchase of Time Warner Inc., leaving the U.S. Department of Justice as the last regulatory hurdle for the megadeal.
A California federal judge on Tuesday threw out most of a defunct taxi company’s claims that Uber Technologies Inc. is running an unlicensed, unregulated taxi service that unfairly competes with “authentic” taxis, but asked the parties to provide more information about the claims that remain.
Connecticut Democratic Sen. Richard Blumenthal sent a letter to the head of the Federal Energy Regulatory Commission on Tuesday asking it to investigate allegations that utilities Eversource Energy and Avangrid manipulated electricity prices in the region, costing New England consumers $3.6 billion in higher energy bills.
Tire maker Bridgestone Corp. has agreed to pay $9.36 million to settle claims in multidistrict litigation over an alleged price-fixing scheme for certain rubber parts, the company said Tuesday in Michigan federal court.
Australia's competition watchdog said Wednesday it is keeping an eye on French hotel group Accor SA’s AU$1.3 billion (US$1 billion) deal for Mantra Group, less than a week after the proposed tie-up was revealed.
Europe's competition enforcer said on Wednesday that it has approved Becton Dickinson and Co.'s planned $24 billion purchase of fellow New Jersey-based medical supply company C.R. Bard Inc., accepting the divestment proposed by BD last month.
Interest rate swap trading company MarkitServ Ltd. has settled allegations it has a monopoly on the processing service industry brought by financial technology company TrueEx LLC, according to a filing in New York federal court Tuesday.
The Seventh Circuit on Tuesday threw out a bid by Wrigley Field-area rooftop owners for a rehearing of their case accusing the Chicago Cubs of breaching a contract to prevent the obstruction of stadium sightlines, with all of the judges on the original appellate panel denying the petition for rehearing.
A federal jury in Delaware on Wednesday cleared telephone headset maker Plantronics Inc. of antitrust claims asserted by Jabra brand parent GN Netcom Inc., finding after a weeklong trial that its so-called Plantronics-only distributors do not violate the Sherman and Clayton acts.
The U.K.’s antitrust watchdog announced plans Wednesday to introduce new rules to challenge a near-monopoly in insurance for defects in new buildings, which a single body provides for around 80 percent of new homes.
Verizon has agreed to pay $17.68 million to end an investigation by the Federal Communications Commission and the U.S. Department of Justice into possible violations of competitive bidding rules for a federally backed program that brings internet services to schools, the FCC announced Tuesday.
The antitrust claims Jabra brand parent GN Netcom Inc. lodged against telephone headset maker Plantronics Inc. are expected to go to a federal jury Wednesday after the weeklong trial in Delaware came close to closing Tuesday in a case where damages could measure up to $600 million.
The U.S. Department of Justice gave closing arguments Tuesday in the trial of former HSBC foreign currency exchange executive Mark Johnson, asking a jury in Brooklyn why, if Johnson is not guilty of defrauding Cairn Energy through a $3.5 billion forex deal, is he talking on the phone like a guilty man.
Today's law firm chief financial officer should be involved in many areas beyond traditional financial management, including operations, risk management and information technology. He or she can support strategic planning throughout the process, from development of the plan to its implementation, measurement and eventual evolution, say Tyler Quinn and Marc Feigelson of Kaufman Rossin PA.
Clients are beginning to expect and demand that their external lawyers provide advice tailored to the client's industry. Aside from this, law firms should want to move toward a sector approach because industry-focused groups are a natural place for cross-practice collaboration to flourish, say Heidi Gardner and Anusia Gillespie of Harvard Law School.
In their new book, "The Judge: 26 Machiavellian Lessons," do Ronald Collins and David Skover prove their thesis that hypocrisy is the key to judicial greatness? Some of the examples they present are hard to dispute, says Judge Alex Kozinski of the Ninth Circuit.
Financial Crisis Anniversary
After nearly a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are signs that the real impact of the recession is still around the corner, and that building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.
While it lends more than $100 million each year to our nation’s college students — including law students — the U.S. Department of Education surprisingly limits loan counseling to one-time entrance counseling for first-time student borrowers. Is this rational? asks Christopher Chapman, president of AccessLex Institute, a nonprofit focused on access to legal education.
The U.S. Department of Justice's recent lawsuit challenging Parker Hannifin’s consummated acquisition of Clarcor serves as an important reminder that the agencies can — and in some limited instances will — challenge consummated transactions that were reported to them under the Hart-Scott-Rodino Act, says Jack Sidorov of Lowenstein Sandler LLP.
Given the uptick in global awareness and enforcement of anti-bribery and corruption laws, most U.S.-based health care companies are attuned to the risks associated with legal infractions caused by their operations and conduct abroad. However, such ex-U.S. activities may also impact health care companies’ ability to conduct business within the U.S., say attorneys with Ropes & Gray LLP.
The shift to electronic filing has somewhat eased the task of reviewing briefs and their supporting files. An e-brief takes e-filing to the next level, says Christine Falcicchio, a principal at Strut Legal Inc.
Asian-Americans are the fastest-growing minority in the legal profession, but recent studies confirm their underrepresentation among partners, prosecutors, judges and law school administrators. We must take action, say Goodwin Liu, associate justice of the California Supreme Court, and Ajay Mehrotra of the American Bar Foundation.
Despite a number of key federal antitrust posts remaining vacant, the antitrust authorities have remained quite active. Here, attorneys with Arnold & Porter Kaye Scholer LLP discuss five recent transactions and what those cases mean for merger enforcement in the United States in the coming months and years.