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.
Federal Trade Commission staff attorneys urged the commission in oral arguments Thursday to revive a pay-for-delay case against Impax over the opioid pain medication Opana ER, arguing that brandmaker Endo Pharmaceuticals Inc.’s payment of more than $100 million to the generics company was meant to avoid competition.
United Kingdom antitrust authorities on Thursday announced they had cleared Canadian gaming company Stars Group Inc.’s $4.7 billion purchase of Sky Betting & Gaming from CVC Capital Partners, creating what has been billed as the world’s largest publicly listed online gaming company.
An Illinois federal judge has refused to quash a digital registration company's request for discovery from a vehicle information services firm in antitrust multidistrict litigation, saying the pretrial process shouldn't stop just because the case might eventually get dismissed.
The United Kingdom's Competition and Markets Authority said Thursday it has launched an investigation into a partnership covering trans-Atlantic air routes between American Airlines, British Airways, Iberia and Finnair, in advance of the 2020 expiration of European Union regulatory requirements on the partnership.
The Federal Trade Commission should immediately look into allegations that hospitals are driving up health care costs by nailing down anti-competitive, high-price contracts with insurers, Senate Judiciary Chairman Chuck Grassley, R-Iowa, told the agency Wednesday.
HTC must hand over records of a Google transaction in its lawsuit accusing Ericsson of overcharging for aging standard-essential patents, after a judge said the information may aid Ericsson's counterclaims accusing the Taiwanese smartphone maker of offering unfair licensing rates.
A national tax reform group has endorsed the proposed merger of Sprint Corp. and T-Mobile US Inc., telling the Federal Communications Commission that combining the telecoms will help them roll out 5G networks and save taxpayers money by reducing subsidies.
The United Kingdom’s competition watchdog said Thursday that a recent merger between laundry companies must be broken up because it has reduced competition for the supply of managed laundry services to higher education providers.
NorthShore University HealthSystem has again sought class decertification in an antitrust suit accusing it of harming the market for acute-care inpatient services, saying the latest class representative doesn’t pass muster.
A Pennsylvania federal judge has dismissed an antitrust suit brought by a lab testing company that alleged Independence Blue Cross and LabCorp worked together to eliminate competition for testing of sexually transmitted diseases in the state, saying that a contractual obligation is not an antitrust violation.
American Express asked a Brooklyn federal court Thursday to toss multidistrict litigation accusing the company of violating antitrust law by preventing merchants from steering their customers toward competing cards, saying the vendors have failed to state a claim in an amended complaint and that their allegations are otherwise barred for various reasons.
A senator's threat last week to look into stripping the U.S. Olympic Committee of its antitrust protection if it fails to reform amid a series of sexual abuse scandals could upend the way U.S. Olympics sports have been organized and funded for decades.
Using a private chatroom dubbed “the cartel,” three former foreign currency exchange traders for Barclays PLC, Citigroup Inc. and JPMorgan Chase & Co. units colluded to suppress competition in the forex market, a federal prosecutor said Wednesday as the trio's criminal forex-rigging trial began.
A Swedish investment firm Wednesday accused Teva Pharmaceuticals in Connecticut federal court of lying to shareholders about an alleged scheme to pump up its share prices through a series of unsustainable price hikes that ultimately resulted in a spate of antitrust suits and the collapse of its market value.
The United Kingdom's antitrust watchdog agreed Wednesday to a merger between two natural gas and electricity companies, concluding that the crowded field of domestic British retail energy companies will continue to give consumers "plenty of choice" after the tie-up.
Greece's competition watchdog said Wednesday that it had fined a Unilever unit €27.6 million ($31.8 million) for abusing its dominance in the market for margarine by imposing unfair restrictions on retailers and wholesalers.
Shearman & Sterling LLP has brought on a veteran Federal Trade Commission litigator to be a partner in its antitrust practice in Washington, D.C.
A high-tech golf range startup can't pursue claims that a rival squeezed it out of the market by nabbing key golf ball-tracking technology because its antitrust suit only speculated about future injury, the Fifth Circuit ruled on Tuesday.
Japan’s antitrust watchdog announced Wednesday that it was closing a monopoly investigation into Airbnb after the home-sharing giant waived its right to enforce contract restrictions barring third-party lodging management providers from using its competitors to list accommodations.
The U.S. Department of Justice said Wednesday that it has cleared CVS Health Corp.’s planned $69 billion deal for health insurer Aetna Inc. after the companies agreed to sell off a Medicare prescription drug plan business to WellCare.
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.
In a new, extraordinary book, "Tough Cases: Judges Tell the Stories of Some of the Hardest Decisions They’ve Ever Made," 13 of my judicial brethren have courageously and dramatically humanized the judicial process, says U.S. District Judge Frederic Block of the Eastern District of New York.
At its most recent meeting, the Judicial Panel on Multidistrict Litigation issued a decision separating and remanding an individual plaintiff's claims from an ongoing data breach MDL. Practitioners should note this example of the panel's power to break up an MDL and sever claims that, in its view, do not belong in such a proceeding, says Alan Rothman of Arnold Porter.
For relatively little added investment, it is possible for U.S. class action attorneys to partner with a Canadian firm to start a parallel case in Canada. Jean-Marc Leclerc of Sotos LLP compares class actions in Canada and the U.S., discusses cases where a parallel action should be considered, and addresses fee arrangements.
The Federal Trade Commission hearing on Friday featured two panels discussing the state of U.S. antitrust law and one panel on monopsony power. Jon B. Jacobs and Barry Reingold of Perkins Coie LLP offer key takeaways.
Much time and attention have been focused on improving lawyers' abilities to communicate with and persuade juries in complex trials. But it is equally important to equip and prepare jurors to become better students in the courtroom, say attorneys with DLA Piper and Litstrat Inc.
While in-house technology investments on the scale and complexity needed to compete with large firms remain cost prohibitive for small and midsize law firms, cloud-based services offer significant cost savings and productivity gains with little to no capital investment, says Holly Urban of Effortless Legal LLC.
With the Milbank/Cravath pay scale once again equalizing compensation at many Am Law 100 firms, there is even more pressure for firms to differentiate themselves to top lateral associate candidates. This presents strategic considerations for both law firms and lateral candidates throughout the recruitment process, says Darin Morgan of Major Lindsey & Africa.
In this series featuring law school luminaries, Stanford Law School professor Jeffrey Fisher discusses his motivation for teaching, arguing before the U.S. Supreme Court and what the court might look like if Judge Brett Kavanaugh is confirmed.
Last week, the Federal Trade Commission began a series of public hearings on competition and consumer protection issues. Attorneys with Perkins Coie LLP offer some key takeaways from the three panel discussions.
The first comprehensive overhaul of California's Rules of Professional Conduct in nearly 30 years becomes operational on Nov. 1. Some of the new rules mirror the model language used by the American Bar Association, but many continue to reflect California’s unique approach to certain ethical questions, says Mark Loeterman of Signature Resolution LLC.