The multidistrict litigation over alleged price-fixing of generic drugs recently consolidated in Pennsylvania’s Eastern District has the potential to emerge as one of the thorniest court fights in the country, and some observers have raised concerns that the numerous defendants could make it harder for individual companies to avoid getting more deeply embroiled in the litigation.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 .
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.