The U.S. Department of Justice this week cleared CVS' planned $69 billion purchase of Aetna, a combination that's been closely watched for its potential to shake up the industry and for any insights into how antitrust agencies will view mergers between players in adjacent industries going forward. Here, Law360 looks at some takeaways from the latest health care megadeal.
Jurors in the antitrust trial of three former foreign exchange traders for Citigroup, Barclays PLC and JPMorgan Chase & Co. units on Friday heard a recording of a former Barclays trader voice concern about his allegedly collusive trading behavior in the forex market as prosecutors wrapped up their witness testimony.
Duane Morris LLP on Thursday saw a fee request granted by the Michigan federal judge overseeing multidistrict litigation surrounding an alleged conspiracy to stifle competition in the auto parts industry, scoring just under $850,000 from a $3.1 million deal cut with Robert Bosch GmbH and others.
NCAA athletes on Friday blasted the association's rules limiting athlete compensation in written closing arguments of a landmark antitrust trial, arguing that fans won't stop watching college sports if athletes are paid and amateurism is an "economically invalid" myth.
A group of Singapore-based banks, along with one based in Hong Kong, urged a New York federal judge on Thursday to reconsider a ruling that kept them in a suit over an alleged conspiracy to manipulate the Singapore Interbank Offered Rate, arguing that they don’t trade in the instruments at issue.
Australia’s High Court has rejected the nation’s competition watchdog’s efforts to revive an antitrust case accusing Pfizer of abusing its market power to maintain control of the Australian generic market for its blockbuster cholesterol drug Lipitor, the enforcer said Friday.
A major U.S. dental supply company has accused the Federal Trade Commission of "severe hindsight bias" in the commission's suit alleging three suppliers conspired to spurn buying groups, asking an administrative law judge to toss the agency's action.
The European Union’s competition watchdog on Friday gave its seal of approval for the use of €306 million ($352.3 million) in Greek public funds to construct a portion of a motorway in the country’s central region, saying the funding falls in line with applicable state aid regulations.
Sprint and T-Mobile's proposed combination has continued drawing support from small and rural stakeholders who say the deal will bring benefits of modern technology to neglected communities, most recently expressed in filings from the Vermont Business Roundtable and the Chattanooga Area Chamber of Commerce.
Europe's competition enforcer said Friday that it had approved Microsoft Corp.'s planned $7.5 billion purchase of code-hosting platform GitHub Inc. without conditions after finding that the software giant won’t be able to stop GitHub from providing users access to third-party tools.
Three auto group investors asked a Texas federal judge to toss an antitrust suit against them, saying the case should be tried in Oklahoma, where identical bid-rigging and racketeering claims in the foreclosure of their two dealerships are being heard in the Oklahoma Supreme Court.
Cellphone maker HTC America Inc. urged a Texas federal court on Thursday to nudge Ericsson Inc. into turning over evidence related to its alleged overcharging for aging standard-essential patents, saying the Swedish telecom is dragging its feet while it awaits a ruling on whether certain antitrust claims can be arbitrated.
Canada’s competition enforcer said Friday that it had concluded its investigation into an international conspiracy to rig bids on car parts, after it secured a guilty plea from a Japanese car parts manufacturer.
A new pilot program will require inbound U.S. investments across nearly 30 industries to file with the Committee on Foreign Investment in the United States, a significant change from the previously optional process that could spur steep financial penalties for those who fail to comply. Here, Law360 outlines key aspects of the soon-to-be-instituted rule change.
A New York federal judge has ordered Allergan to produce documents from the files its CEO and other senior executives on a deal that transferred patents to a Native American tribe for plaintiffs in multidistrict litigation accusing the drugmaker of illegally delaying a generic version of its dry-eye medication Restasis.
Europe’s competition enforcer said Thursday that it had formally dropped its case seeking to force Ireland to recover €13 billion ($14.9 billion) in alleged illegal state aid from Apple Inc., after the company gave the Irish government the back taxes plus interest to hold while they both appeal the underlying state aid decision.
Europe's antitrust enforcer said Thursday that it has received a second proposal from Wieland-Werke AG aimed at easing competitive concerns raised over its planned deal to acquire a fellow German rolled copper manufacturer.
A Michigan federal judge on Thursday gave the first nod to a $10.8 million settlement between auto dealerships and parts maker Toyoda Gosei and its affiliates in a multidistirict litigation over allegations of bid-rigging and fixing prices on a variety of parts.
The Communications Workers of America District 9 said Thursday it has filed a motion to become a party to the California Public Utilities Commission's review of the proposed $59 billion T-Mobile and Sprint merger, saying it could lead to fewer jobs, lower wages and higher prices for consumers.
Employees at Burger King slapped the fast food chain with a proposed class action over its intra-franchise no-poaching agreements in Florida federal court Thursday, invoking free-market founding philosopher Adam Smith's warning of more than two centuries ago that employers will do whatever it takes to keep wages down.
StarKist Co. has agreed to plead guilty to a one-count felony charge for its role in a conspiracy to fix prices of canned tuna, the U.S. Department of Justice said Thursday, the same day the information was filed in California federal court.
The Serious Fraud Office has landed another mixed result in its prosecution of several former Barclays and Deutsche Bank traders for manipulating Euribor, the latest in the white collar specialist's latest effort to hold individuals accountable for rigging key benchmark interest rates. Here, Law360 looks at the highlights of the SFO's long-running campaign.
A D.C. federal judge has rejected the U.S. Department of Justice’s arguments that AT&T’s planned purchase of Time Warner would hurt competition and drive up consumer costs, dealing a major blow to the government’s first court challenge of a vertical merger in decades. Here, Law360 looks at how we got here, the key issues and highlights of the case.
The latest ABA annual antitrust law spring meeting ran the gamut from the government's tough new take on no-poaching pacts to hurdles innovation can cause in merger reviews— plus wide-ranging comments from the DOJ's new antitrust chief. Here's a look at Law360's coverage of three days of debates, tips and quips.
The tech industry is now at the center of policies designed to protect U.S. technology from foreign access and influence — including not only restrictions on foreign investment, but also supply chain exclusions, limits on academic research, curbs on third-country technology transfers and measures against foreign control of key raw materials, says Hdeel Abdelhady of MassPoint Legal and Strategy Advisory PLLC.
The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.
The Democratic Party is expected to take control of the House of Representatives next year, which will dramatically increase the congressional investigations risks for the private sector. Prime targets include pharmaceutical, financial services and technology companies, says Brian Smith of Covington & Burling LLP.
The inner workings of the Trump economics and trade team remain foggy, but the administration's trade strategy can be discerned from the public statements of the president and his advisers. Unpredictability, mercantilism, bilateralism and a willingness to accept collateral damage are among the most important patterns, says Charles Skuba of Georgetown University’s McDonough School of Business.
A U.S. Supreme Court ruling in Varela v. Lamps Plus that the Federal Arbitration Act displaces contractual interpretation rules likely would vacate the Eleventh Circuit's recent JPay decision, says James Bogan of Kilpatrick Townsend & Stockton LLP.
In the next installment of this series examining the dimensions of the Trump administration's trade agenda, Erica York of the Tax Foundation discusses how the economic harm caused by tariffs could slow or offset the economic and employment benefits of tax reform.
In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.
Increasing tariffs, new scrutiny of foreign investments in U.S. companies, and export controls over “emerging and foundational” technology are part of a Trump administration strategy to advance national security objectives using economic tools. These measures are ushering in a new era of trade restrictions, say attorneys with Kirkland & Ellis LLP.
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 Pier D'Angelo, chief pricing and practice officer at Allens.
In the first article of this special series on the Trump administration's trade policies, attorneys from Covington & Burling LLP explore how a notable increase in U.S. anti-dumping and countervailing duty enforcement actions is creating significant compliance challenges for foreign companies and U.S. importers.