Competition

  • May 22, 2017

    Investors Ask To Keep Deutsche, JPMorgan Deals In NY

    The investors who sued several big financial institutions for allegedly rigging interbank loan rates asked a New York federal judge Monday to claim jurisdiction over their litigation with Deutsche Bank and JPMorgan, arguing the case’s dismissal and pending appeal has created difficulties in finalizing settlements with the banks.

  • May 22, 2017

    Sullivan & Cromwell Snags EU Antitrust Pro In Brussels

    Sullivan & Cromwell LLP announced Monday it brought on Brussels-based competition partner Michael Rosenthal, formerly of Wilson Sonsini Goodrich & Rosati PC, to expand its global antitrust practice in the home of the European Union’s antitrust watchdog.

  • May 22, 2017

    Concert Pharma Gets 2nd FTC Request Over Vertex Deal

    Massachusetts-based Concert Pharmaceuticals Inc. has received a second request for information from the Federal Trade Commission for the planned sale of its investigational cystic fibrosis treatment to Vertex Pharmaceuticals Inc. in a deal worth up to $250 million, the company said Monday.

  • May 22, 2017

    Buyers Want GSK, Teva To Cough Up Info In Lamictal Suit

    GlaxoSmithKline PLC and Teva Pharmaceutical Industries Ltd. have refused to hand over crucial information such as Teva’s financial forecasts in a potential class action by buyers alleging that the companies conspired to delay generic competition for epilepsy treatment Lamictal, counsel for purchasers of the drug told a New Jersey federal court on Friday.

  • May 22, 2017

    AIG Needn't Defend Carfax In $50M Antitrust Suit

    A New York judge has found an AIG unit does not have to defend Carfax against a $50 million suit alleging the company monopolized the vehicle history report market, saying references to defamation in the suit cannot get Carfax out from under an antitrust exclusion.

  • May 22, 2017

    Visa, Mastercard Beat Injunction Bid In ATM Antitrust Suit

    A D.C. federal court on Monday refused to block Visa and Mastercard from enforcing ATM fee rules that allegedly violate federal antitrust law, saying the National ATM Council failed to prove that the rules have caused the number of independent ATMs to decline.

  • May 22, 2017

    EU Antitrust Watchdog To Study Syndicated Loan Market

    The European Commission has decided to study competition in the loan syndication market in the U.K., Germany and four other European nations, citing the growing importance of the multi-lender offerings for leveraged buyouts and other large projects.

  • May 22, 2017

    UK Watchdog Launches Probe Into Car Parts Cos.' Merger

    The United Kingdom’s Competition and Markets Authority said Monday it is launching an independent in-depth investigation into Euro Car Parts’ acquisition of another car parts supplier, Andrew Page Ltd., after the former failed to address the government’s competition concerns.

  • May 22, 2017

    Facebook Eyes Settlement Of Virtual Cash Antitrust Suit

    Facebook Inc. and Social Ranger LLC have tentatively reached a settlement in a suit alleging the social media giant used anti-competitive practices to dominate the virtual currency services market in social gaming, and a Delaware federal judge on Friday paused the case so the companies could finalize a deal.

  • May 22, 2017

    High Court Won't Review La. Nursing Board Antitrust Suit

    The U.S. Supreme Court declined Monday to review a Fifth Circuit decision finding the Louisiana State Board of Nursing was immune from an antitrust suit by a former Grambling State University nursing student whose program was shut down.

  • May 22, 2017

    Justices Won’t Take Up Rabobank Tying Scheme Challenge

    The U.S. Supreme Court said Monday it would not review a law firm’s lawsuit accusing Rabobank NA of taking Chapter 7 estate funds from creditors through a tying scheme with a bankruptcy software company, leaving in place an appeals court’s finding that the bank’s actions were not anti-competitive.

  • May 22, 2017

    Hi-Fi Retailer Latest To Sue MasterCard Over Swipe Fees

    Richer Sounds PLC, a major U.K. home entertainment equipment firm, is the latest retailer to file a claim against MasterCard Inc. over allegedly unfair interchange fees, according to London’s High Court register.

  • May 19, 2017

    Barclays, SocGen, Others Again Fail To Dodge Libor Suit

    Barclays PLC, Société Générale SA, and several other banks accused of rigging interbank loan rates had their latest bid to dismiss a putative class action rejected Friday by a New York federal judge, who said the banks' jurisdictional arguments still fell short.

  • May 19, 2017

    Apple Not A Victim Of Monopoly, Nokia Tells Court

    Nokia asked a Texas federal judge Thursday to toss antitrust counterclaims by Apple in a patent infringement suit over video compression technology, calling the tech giant’s protestations that it was the victim of a monopoly a meritless attempt to impede Nokia’s infringement claims.

  • May 19, 2017

    3rd Circ. Questions Early End To Lipitor Pay-For-Delay Suit

    A Third Circuit panel repeatedly questioned whether a lower court judge acted prematurely when he ended a lawsuit accusing Pfizer and Ranbaxy of engaging in a pay-for-delay scheme over the cholesterol drug Lipitor, suggesting the case should not have been decided before the introduction of any evidence.

  • May 19, 2017

    Brazil's Antitrust Watchdog Raided Over Petrobras Probe

    Brazil’s antitrust watchdog revealed Thursday that federal police and prosecutors executed a search warrant related to an investigation into state-owned oil giant Petrobras requested by the electric power company EPE.

  • May 19, 2017

    Auto Parts Co. Can't Ditch Body Sealing Price-Fixing Suit

    Green Tokai Co. Ltd. must face two potential class action lawsuits alleging it participated in a conspiracy to fix the price of body sealing products, a Michigan federal judge ruled Friday.

  • May 19, 2017

    Ex-Barclays Forex Trader Gets $1.2M Fine, Industry Ban

    Barclays PLC's former global head of foreign exchange spot-trading was slapped with a $1.2 million fine and industry ban Friday by the Federal Reserve, ending enforcement proceedings over his involvement in a currency rigging scheme.

  • May 19, 2017

    Wine Bar Suing Trump Wants Case Out Of Federal Court

    A wine bar located near President Donald Trump's luxury hotel asked the D.C. federal judge hearing its unfair competition suit to send it back to the Superior Court where it originated, arguing the issues pertain to actions Trump took in his personal capacity and not as president.

  • May 19, 2017

    Intel Investors Seek $2M Attys' Fees In Anti-Poach Suit

    Attorneys for Intel Corp. shareholders urged a California judge Friday to award $2 million in attorneys’ fees for their recently tossed derivative suit, alleging Intel executives made illegal deals with other tech companies not to hire away workers, arguing Intel instituted more stringent hiring guidelines as a result of their litigation.

Expert Analysis

  • 5 Mistakes That End Law Firms

    Randy Evans

    Although the end often comes quickly, law firms do not fail overnight. Randy Evans of Dentons and Elizabeth Whitney of Swiss Re Corporate Solutions review five mistakes that expedite law firm failures.

  • Problems In Proposed Changes To Vietnam's Competition Law

    Koren Wong-Ervin

    There are troubling provisions in proposed amendments to the Competition Law of the Socialist Republic of Vietnam. The approach to abuse of dominance is contrary to the teachings from modern economics, says Koren Wong-Ervin, director of the Global Antitrust Institute at George Mason University.

  • Uber On The Brink

    Thomas Dickerson

    As the Second and Ninth Circuits will soon decide on the enforceability of Uber’s mandatory arbitration clauses and class action and class arbitration waivers in its driver contracts, and as its "Greyball" software is now the subject of a U.S. Department of Justice inquiry, the company's very existence may be at stake, says Thomas Dickerson of Herzfeld & Rubin PC.

  • The Changing Nature Of Payments In The US And UK

    Judith E. Rinearson

    Traditionally, U.S. and U.K. payment regulation has differed in that the U.S. emphasizes protecting underbanked consumers, while the U.K. focuses on leveling the playing field between large and small financial institutions. Despite changes with Brexit and the Trump administration, the U.K. and U.S. truly perceive different futures for payment regulation, says Judith Rinearson of K&L Gates LLP.

  • Why FTC's Qualcomm Investigation Is Important

    Joshua Wolson

    The United States needs to pursue its investigation of Qualcomm vigorously both to ensure that Qualcomm is not acting improperly and also to deter future potential abuses of standard-essential patents, says Joshua Wolson of Dilworth Paxson LLP.

  • What Lawyers Should Know To Avoid Online Scams

    J. S. Christie Jr.

    Scams resulting in access to confidential information are probably a lawyer’s greatest technology and cybersecurity risk. But hackers are more likely to gain access to a lawyer’s computer systems through human error, usually responding to a scam, than a brute force attack, says J. S. Christie Jr. of Bradley Arant Boult Cummings LLP.

  • Herding Cats: Making The Most Out Of A Joint Defense Group

    Audra Dial

    Audra Dial, managing partner for Kilpatrick Townsend LLP’s Atlanta office, shares four strategies that she believes make multidefendant litigation more efficient — and ensure the joint defense group does not devolve into a leaderless group.

  • Web Servers: An Overlooked Cybersecurity Risk At Law Firms

    Jeff Schilling

    Many law firms use public-facing websites for business development and to streamline operational processes. While these sites are great for maximizing information-sharing, they could unknowingly be an unlocked gateway into a firm’s most confidential data, says Jeff Schilling of Armor Defense Inc.

  • 2nd Circ. May Clarify 5th Amendment Issue In Libor Case

    Mark Racanelli

    A pending Second Circuit case raises an interesting constitutional question for practitioners whose clients are subject to parallel, cross-border white collar investigations: When someone gives compelled testimony to foreign law enforcement officials, does the Fifth Amendment bar U.S. prosecutors from using her statements, directly or indirectly, to criminally prosecute her? say Mark Racanelli and Michael Simeone of O’Melveny & Myers LLP .

  • The Mediator’s Proposal As A Tool For Litigants

    Dennis Klein

    Mediators’ proposals, which call for an unconditional and confidential acceptance or rejection, are resolving high-value disputes on a regular basis. Dennis Klein of Critical Matter Mediation examines why this is happening and the tactical implications for litigants in anticipating that a mediator’s proposal could resolve litigation.