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Competition

  • November 15, 2018

    Citibank, JPMorgan Chase Ink $21M SIBOR Rigging Suit Deal

    CitiGroup Inc. and JPMorgan Chase & Co. have agreed to pay nearly $21 million to escape a putative class action over an alleged conspiracy to manipulate the Singapore Interbank Offered Rate, the plaintiffs said in a motion to preliminarily approve the deal in New York federal court Thursday.

  • November 15, 2018

    Verizon Says No Proof It Plotted To Stifle Carrier Switching

    Verizon Communications Inc. urged a New Jersey federal judge Thursday to toss a putative class action alleging it conspired with AT&T and a global telecommunications standards group to limit customers’ access to cellphone carrier-switching technology, saying the consumers didn’t plausibly allege collusion occurred.

  • November 15, 2018

    Direct Capacitor Buyers Win Cert. In Price-Fixing MDL

    Four U.S. companies won their bid to certify a direct buyer class in sprawling multidistrict litigation in California federal court alleging dozens of overseas capacitor manufacturers plotted to boost the price of the electronic component in a decadelong scheme.

  • November 15, 2018

    DOJ Sharpens Gov't Fraud Focus, Adds Merger Review Clarity

    The U.S. Department of Justice will sharpen its focus on bringing competition cases in which the government itself has been defrauded by bid-rigging and similar conduct, DOJ Antitrust Division head Makan Delrahim said in a speech Thursday, adding that the agency would seek triple damages when defendants refuse to settle.

  • November 15, 2018

    Pharma Cos. Must Hand Over Generic Restasis Plans In MDL

    A federal judge has denied three pharmaceutical companies' move to quash subpoenas for information on their plans to make generic substitutes of Allergan’s drug Restasis in multidistrict litigation over its alleged efforts to delay the generic versions’ launch, saying in-house counsel can view the data without compromising confidentiality.

  • November 15, 2018

    EU Court Says UK Energy Subsidy Award Unlawful

    The United Kingdom should not have been awarded state aid from the European Union to subsidize backup power to support its grid during the winter, an EU court ruled Thursday, finding the union's antitrust arm failed to investigate whether green energy companies were being shut out.

  • November 15, 2018

    Judge Won't Quash AGs' Subpoenas In Generic Pricing MDL

    The New York and Connecticut attorneys general can keep sending subpoenas to drugmakers as part of their broader investigations into generic-drug price-fixing, a Pennsylvania federal judge has ruled, despite the drug companies’ concern the investigations were circumventing the discovery process for a sprawling multidistrict litigation.

  • November 15, 2018

    Judge Wants More Info On Citi's $10M Deal In Forex Rig Suit

    A Manhattan federal judge on Thursday rejected a $9.95 million settlement between Citigroup and a proposed class of investors who say it was among a dozen big banks that allowed fraud to go undetected in wholesale foreign exchange markets, saying she needed to know more.

  • November 15, 2018

    DOJ Cuts Deal With Hospital In Patient-Steering Suit

    The U.S. Department of Justice announced Thursday it has struck a deal with a North Carolina hospital system in the department’s suit alleging the health care network used its stronghold in the local market to keep major health insurers from informing patients about lower-cost hospitals.

  • November 15, 2018

    CMA May Be Sacrificing Quality For Price, Consultants Warn

    Investment consultants and their auditors challenged proposals made by the Competition and Markets Authority on Thursday, warning that a requirement for institutional investors to hold competitive bids when appointing asset managers may lead to pensions trustees sacrificing quality for cheaper advice.

  • November 15, 2018

    Swiss Watchdog Probes Banks' Suspected Payments Boycott

    Switzerland’s competition watchdog said Thursday it has raided the offices of five financial institutions, including the Swiss arms of UBS and Credit Suisse, which it suspects of boycotting phone payment systems offered by companies such as Apple Pay and Samsung Pay.

  • November 15, 2018

    Financial Services Hopeful After UK Reaches Brexit Deal

    The U.K. financial services sector believes that a smooth regulatory transition is more likely after Prime Minister Theresa May secured a breakthrough draft Brexit agreement, as an attorney said Thursday the deal is "probably as much as we could hope for."

  • November 14, 2018

    S. Korean Cos. On Hook For $236M In Bid-Rigging Conspiracy

    Three South Korea-based oil refiners and logistics companies pled guilty Wednesday to rigging bids on U.S. Department of Defense fuel supply contracts, violating the Sherman Antitrust Act, and agreed to pay $236 million in criminal fines and civil damages, according to the U.S. Department of Justice.

  • November 14, 2018

    Travel Co. Trying To Pay Flyers To Duck Settlement, Atty Says

    A travel booking firm accused of jacking up airfares tried to end-run the settlement process in an antitrust suit by engaging in direct talks with several airline ticket buyers, a lawyer for the passengers who brought the suit has told a New York federal judge.

  • November 14, 2018

    Standard Too High On ND Drs. Group Merger, 8th Circ. Told

    A pair of North Dakota health-care providers urged an Eighth Circuit panel Tuesday to upend a preliminary injunction blocking their proposed merger, asserting in oral arguments that a federal judge improperly required them to show their tie-up would have no detrimental effect on competition.

  • November 14, 2018

    FCC Asks For Comment On Sprint, T-Mobile Deal Study

    The Federal Communications Commission is seeking comments on a recent study examining the proposed $59 billion merger between T-Mobile and Sprint that was submitted by the two companies as they continue to seek approval of the deal.

  • November 14, 2018

    FTC Shuts Down 1-800 Contacts Online Ad Compacts

    The Federal Trade Commission has ordered an end to a set of marketing agreements between 1-800 Contacts Inc. and its competitors that hurt competition in advertising through online search engines, the agency announced Wednesday.

  • November 14, 2018

    Disney Investor Faces Uphill 9th Circ. Fight In No-Poach Row

    A Ninth Circuit judge on Wednesday appeared unswayed by a Disney shareholder's bid to revive a derivative shareholder lawsuit claiming board members breached their fiduciary duties by agreeing not to poach other studios’ animators, saying during a hearing that “nothing in the complaint says the board knew about this conspiracy.”

  • November 14, 2018

    EU Clears DS Smith's €1.7B Buy Of Rival Packing Co.

    London-based packaging supplier DS Smith PLC was given the green light by Europe’s competition watchdog to take over a Spanish rival for €1.67 billion ($1.94 billion) on Wednesday, provided it gives up two of its plants in France and one of the acquired company’s plants in Portugal.

  • November 14, 2018

    Cargill Units For Sale As La Coop Antitrust Worries Crop Up

    Four Canadian retail locations belonging to Cargill Ltd. will be sold off to deal with antitrust concerns surrounding the company's grain business merger with La Coop fédérée.

Expert Analysis

  • Q&A

    A Chat With Bryan Cave Innovation Chief Katie DeBord

    Katie DeBord

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Katie DeBord, chief innovation officer at Bryan Cave Leighton Paisner LLP.

  • Simple Secrets For Improving Your CLE

    Daniel Karon

    With few cases going to trial, many attorneys keep their oral-presentation skills sharp by teaching continuing legal education programs. To avoid giving a CLE that falls flat and damages your reputation, you must fashion a thoughtful message, control its presentation, and nail the beginning and ending, says Daniel Karon of Karon LLC.

  • It’s Time For Law Firms To Start Talking About Gen Z

    Eliza Stoker

    Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.

  • What We Heard At The FTC Hearings: Day 8

    Barry Reingold

    The fifth hearing in the Federal Trade Commission’s series on competition in the 21st century addressed vertical mergers and the consumer welfare standard. Barry Reingold of Perkins Coie LLP offers some key takeaways.

  • DOJ's Yates Memo Has Little Effect On Antitrust Division

    Eric Meiring

    Since the Yates memo on individual accountability for corporate crimes was issued in 2015, the overall number of criminal antitrust cases is down significantly, and the prosecutions of Steppig, Maruyasu and Lischewski illustrate the policy's lack of lasting impact, say Eric Meiring and Brandon Duke of Winston & Strawn LLP.

  • Q&A

    Back To School: Yale's Linda Greenhouse Talks Journalism

    Linda Greenhouse

    In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.

  • Opinion

    Celebrate Veterans By Improving Their Access To Justice

    Linda Klein

    Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.

  • Opinion

    Time To Reclaim Wellness For All Lawyers

    Leesa Klepper

    The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.

  • Spotlight On Private Antitrust Enforcement At Seoul Forum

    James Robertson Martin

    At the 10th International Seoul Competition Forum, panelists discussed how private litigation can supplement public enforcement of antitrust laws, and explored how Korea, Hong Kong, China and Europe are all moving in the direction of U.S.-style private enforcement, but to varying degrees, says James Robertson Martin of Zelle LLP.

  • Watch For Antitrust Developments North Of The Border

    Mohsen Seddigh

    Next month, the Supreme Court of Canada will hear Godfrey v. Sony Corporation, which could be one of the most important antitrust cases to ever come before the court. The decision on "umbrella purchasers" will determine the viability of some future Canadian antitrust class actions, says Mohsen Seddigh of Sotos LLP.