A high-stakes case at Britain’s highest court that ended in defeat for top poker player Phil Ivey is a seismic ruling with huge ramifications for criminal law and individuals accused of fraud, lawyers say, as it hands more power to prosecutors ahead of several major trials where bankers stand accused of rigging rates and markets.
The European Commission has sent Luxembourg a second reasoned opinion regarding the nation’s telecommunications markets, detailing the steps Luxembourg must take to comply with a 2003 court ruling.
Sherwin-Williams Co. and PPG Industries Inc. have gotten a federal judge’s preliminary approval to shell out a combined $39 million to settle an antitrust suit that accused the defendants of participating in a price-fixing conspiracy for automotive refinishing paint.
As European Union regulators prepare to make public the results of a long-running probe into the energy sector, Europe’s largest energy companies may be the subject of a renewed crackdown after early reports revealed the inquiry found evidence of anti-competitive practices.
A fresh class action has taken aim at Nvidia Corp., ATI Technologies Inc. and Advanced Micro Devices Inc., just a few weeks after the three graphics chip companies were slammed with five class actions over alleged anti-competitive activities.
Noting an error in calculation, Italian antitrust regulators have altered the fines leveled against jet fuel providers Shell and Total in 2005 for allegedly engaging in anti-competitive behavior.
Not long after pulling in four former chief economists, Competition Policy Associates (Compass) is continuing to grow with the establishment of a new office in Los Angeles.
Defense contractor General Dynamics Corp. has found a buyer for its 50% stake in American Ordnance LLC, which the Federal Trade Commission forced it to divest to go through with its $275 million purchase of SNC Technologies Inc.
In a move that may resolve a drawn-out dispute stemming from a 2003 billion-dollar settlement fund in an antitrust class action against Visa USA Inc. and MasterCard International Inc., the U.S. Department of Justice has reached a proposed settlement with a class of merchants and the credit card giants.
Duane Morris LLP wants a new trial against healthcare bigwig McKesson Corp., because, it claims, there is no longer a conflict between its representation of McKesson subsidiaries in a bankruptcy case and its role in a competition suit against the company.
Australia’s competition watchdog said Thursday it would not speculate on reports it could block a proposed $13.3 billion merger between AGL Energy and Origin Energy.
The newly controlled Democratic Congress, which came into power Thursday, may not have any legal authority over high-profile mergers. But it is expected to put more pressure on the Department of Justice and other government agencies, making divestitures and even merger rejections more likely in the telecommunications, media and airline industries.
Data storage company Storage Technology Corp. agreed to a pay out an undisclosed sum Tuesday to settle antitrust charges brought by the same rival it filed a copyright and patent infringement suit against four years ago.
Besieged by mounting allegations of anti-competitive practices, U.S. technology company Qualcomm is now the subject of a full-scale investigation by South Korea’s antitrust watchdog.
Private equity firms may have had a record year in 2006, but at least 13 of the most prominent firms are now facing a proposed class action lawsuit over alleged antitrust and securities violations.
For much of its history, the Supreme Court has granted cert to at most one or two antitrust cases a year. But 2007 is turning out different, as the Court already has at least four competition cases on its schedule, with the possibility of more to come.
United Healthcare Corp. will have to add federal racketeering and antitrust charges to its list of legal woes now that a judge has allowed class action plaintiffs to tack the additional charges onto an ongoing suit.
While efforts by pharmaceutical companies to protect market share have always drawn the scrutiny of regulators, recently uncovered documents from Abbott Laboratories have cast a new light on some of these questionable tactics.
The St. Paul Travelers Companies Inc. has agreed to stop paying contingent commissions to insurance agents and brokers, according to Connecticut Attorney General Richard Blumenthal, who has been fighting the illegal bid-rigging practice.
The takeover of Hard Rock Café International USA by the Seminole Tribe of Florida has raised the ire of another would-be suitor, which filed a lawsuit on Friday alleging that the bid was rigged.
The Federal Trade Commission has approved General Dynamics Corp.’s $275 million purchase of SNC Technologies Inc., though it also forced the defense contractor to sell its 50% stake in American Ordnance LLC.