Europe’s antitrust enforcer hit Google with another massive fine on Wednesday, this time a €4.34 billion ($5.04 billion) levy over the licensing practices for its Android mobile operating system, nearly double one issued last year for favoring its own comparison shopping site in search results. Here, Law360 takes a look at the latest fine and what it could mean for Google.
AbbVie Inc. has accused the Federal Trade Commission of suddenly hiking the interest rate it and an affiliate must pay on a $448 million penalty over sham patent suits that delayed generic drug rollouts and extended their monopoly on AndroGel.
Debevoise & Plimpton LLP announced Monday it has bolstered its antitrust practice in Washington, D.C., with the hiring of Edward D. “Ted” Hassi, an antitrust partner who previously served as chief trial counsel for the Federal Trade Commission and comes most recently from O'Melveny & Myers LLP.
An executive order signed last week by President Donald Trump eliminating the competitive examination and selection procedures for appointing administrative law judges has heightened concerns that both the ALJ hiring process and decisions made by the judges will be unduly influenced by politics, legal experts said Monday.
Linde AG on Monday said it will offload various parts of its North and South American business interests to a joint venture between Messer Group GmbH and a CVC Capital Partners fund for $3.3 billion in an effort to obtain antitrust approval for the German gas company’s proposed $70 billion tie-up with Praxair Inc.
Bank of America and JPMorgan Chase asked a New York federal court on Friday to dismiss claims against the subsidiaries and affiliates of banks that allegedly conspired to manipulate the London Interbank Offered Rate, saying those affiliates could not have plausibly contributed to the scheme.
A Japanese airline has urged a California federal judge to utterly disregard the prices set by an expert to bolster allegations that it conspired with other airlines to fix prices on long-haul flights to Asia-Pacific destinations, arguing that the numbers simply don't add up.
Two Mitsubishi units are settling out of another piece of a sprawling antitrust multidistrict litigation accusing auto parts manufacturers of a price-fixing conspiracy, with a class of car buyers and drivers moving for preliminary approval Friday of their $6.84 million deal in Michigan federal court.
Foreign banks including Deutsche Bank AG, HSBC Bank PLC and the Royal Bank of Canada urged a New York federal court on Friday to dismiss a proposed class action accusing them and their affiliates of conspiring to rig a benchmark interest rate linked to the cost of borrowing Canadian dollars, saying the U.S. lacks jurisdiction.
Federal Communications Commission Chairman Ajit Pai said Monday morning that he is asking his fellow commissioners to refer Sinclair Broadcast Group Inc.’s proposed merger with Chicago-based Tribune Media Co. to an administrative law judge for review.
Competition in the U.K.’s £500 billion ($663.2 billion) investment platform sector is “not working as well as it should,” the Financial Conduct Authority warned on Monday as it set out proposals to help customers switch services more easily.
Just weeks before trial in Arista Networks Inc.’s antitrust suit against Cisco Systems Inc., the parties squared off Friday in California federal court over Arista's bid to introduce expert testimony that it lost about $160 million after Cisco asserted copyright violations to block sales of competing ethernet switches.
Tronox Ltd. has urged a D.C. federal court to reject the Federal Trade Commission’s bid to pause the company’s $2.4 billion purchase of Saudi-owned chemical mining company Cristal, saying the agency is trying to block the deal by running out the clock through a lengthy administrative proceeding.
As a D.C. Circuit judge for the last 12 years, U.S. Supreme Court nominee Brett Kavanaugh has a well-defined record on telecom issues that has benefited large internet service providers and cable companies when faced with complaints that they have harmed competition and when they face zealous regulators.
Smartphone consumers pursuing antitrust multidistrict litigation over Qualcomm’s patent licensing practices can’t block the chipmaker from trying to force Apple to only import iPhones with Qualcomm chipsets, Qualcomm told a California federal judge Thursday, arguing the import matter is totally unrelated.
The Federal Trade Commission has sought to revive allegations of a pay-for-delay scheme between Endo Pharmaceuticals and generic-drug maker Impax to stall the launch of a generic for opioid medication Opana ER, saying an administrative law judge erred in finding the pro-competitive benefits of the deal outweighed its competitive harms.
The Federal Communications Commission received a flood of comments on the proposed $3.9 billion Sinclair-Tribune merger Thursday, the last day for the public to weigh in on the latest proposal, with the vast majority of commenters opposing the deal.
Bloomberg Finance LP hit UBS AG with a suit in New York federal court Thursday accusing the bank of violating an agreement that bars it from redistributing proprietary data through its portfolio analysis and risk management software.
A Pennsylvania federal judge on Thursday greenlighted Ortho-Clinical Diagnostics Inc.'s $19.5 million deal to resolve allegations in multidistrict litigation that the former Johnson & Johnson unit conspired with another company to fix prices on the reagents used in blood tests.
The U.K.'s takeover regulator on Friday said that if the bidding wars over Sky PLC and 21st Century Fox's assets play out in a way that requires The Walt Disney Co. to bid on the British telecom giant, the California media behemoth cannot offer any less than £14 ($18.50) per Sky share.
A New York federal judge has awarded $6.9 million to class counsel in investor litigation against the Bank of Tokyo-Mitsubishi UFJ Ltd. and Mitsubishi UFJ Trust and Banking Corp. for allegedly rigging the Libor, finding that a $30 million settlement was netted with "skill, perseverance and diligent advocacy."
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.
A recent decision from the Northern District of Illinois highlights the continued litigation around the scope of directors and officers liability insurance coverage for government investigations. Astellas v. Starr is a win for policyholders, reasoning that compliance with a government subpoena is essentially mandatory, say Caroline Meneau and Brian Scarbrough of Jenner & Block LLP.
The Senate Republican leadership and the Trump administration are racing to fill Justice Anthony Kennedy’s spot on the U.S. Supreme Court. Does opposition to their plans have any chance of success? My answer is yes, because the stakes are so high, people are so engaged, and the records of those short-listed are so deeply troubling, says Nan Aron, president of Alliance for Justice.
As clients increasingly look to limit their own liability exposure, they can reasonably expect that their retained counsel should do the same. In this context, a carefully crafted, thoughtfully presented engagement letter can help a law firm strike a successful balance between protecting itself and preserving a client relationship, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
In this analysis of disciplinary action trends in the legal industry, Edwards Neils LLC managing member Jean Edwards examines data provided by bar organizations for 17 states and the District of Columbia.
With law firms increasingly exposed to professional liability risks associated with their corporate client relationships, firms must craft well-structured client engagement letters to help protect against malpractice claims. Two key elements of an engagement letter are how it defines the scope of engagement and how it handles conflicts of interest, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
Today, members of Congress often seem able to blame colleagues of the other party for not getting anything done for their constituents. In law practice, you can’t really blame a bad result for your clients on the lawyers on the other side, says former Sen. Joe Lieberman, D-Conn., of Kasowitz Benson Torres LLP.
Corporate law departments are increasingly demanding more concessions from outside legal counsel, and presenting engagement letters that open the door to greater professional and cyber liability exposure for law firms — often beyond the scope of their insurance coverage. Firms must add their own language to engagement letters to limit liability, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
Being a former member of Congress put me in an advantageous position when I approached law firms in the late '70s, at a time when there were few female lawyers, and even fewer African-American lawyers, in major law firms, says former Rep. Yvonne B. Burke, D-Calif., a director of Amtrak.
Popular culture paints the Hill as a place teeming with intrigue, corruption and malicious intent. But in Congress I learned important lessons about respecting people and the work they do, says former Sen. Norm Coleman, R-Minn., of Hogan Lovells.
The U.S. Supreme Court's holding in Animal Science v. Hebei that a U.S. court is not bound by a foreign government's interpretation of its own laws is likely to have a lasting impact on legal decision-makers across the globe as they make determinations about deference to foreign laws, including U.S. laws, say attorneys at Alston & Bird LLP.