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 U.K.’s competition watchdog weighed in Wednesday on a proposed plan by the British government to limit exceptions to national security reviews of would-be mergers, saying that the new program must be implemented so as to not interfere with the agency’s own evaluation process.
Russia's antitrust authority said Wednesday that it has conditionally approved Bayer AG's planned $63.5 billion purchase of Monsanto Co., but will require the companies to share certain agricultural technologies and data with others to ward off competitive concerns.
A group of bipartisan lawmakers introduced legislation on Wednesday that aims to “modernize and strengthen” the Committee on Foreign Investment in the United States’ ability to review foreign direct investment in the country, as concerns about Chinese investment in areas like critical U.S. technologies continue to grow.
A U.K. court has halted the Financial Conduct Authority's ban keeping former UBS trader Tom Hayes from working in the financial services industry while he seeks another appeal of his conviction for manipulating a key benchmark rate.
The Federal Communications Commission's expected relaxation of broadcast ownership rules won't bring immediate clarity to media consolidation concerns, as lawyers say uncertainty lingers about the final contours of FCC actions and the U.S. Department of Justice's role as the final stopgap for media mega-mergers.
The European Union is considering changes to its process for reviewing foreign direct investments in the region for potential national security concerns, with the European Commission recently putting out a proposal to coordinate reviews across its member states. Here, Law360 outlines three things to know about the potential changes.
The U.K. Financial Conduct Authority launched a sweeping investigation into competition in the wholesale insurance market on Wednesday, promising to look at the power of brokers to raise prices and examine barriers to entry.
The Federal Circuit affirmed on Tuesday a district court’s dismissal of claims brought by an auto body manufacturer accusing a rival of trying to monopolize the U.S. market for fiberglass utility bodies for trucks, while simultaneously upholding its finding that the rival did not infringe the manufacturer’s trade dress.
Sky PLC has told the U.K.’s competition enforcer that if a $14.4 billion takeover bid from 21st Century Fox Inc. is scuttled, it may consider closing its 24-hour news network Sky News, according to a filing published by the watchdog on Tuesday.
The Federal Trade Commission, a putative class of cellphone purchasers and Qualcomm Inc. are allowed to request documents from a Finnish government agency in a lawsuit over patent licensing practices, a California federal court ruled Monday.
FIFA has agreed to a six-year cooperation agreement with FIFPro, the worldwide union that represents professional soccer players, introducing new regulations on the transfer system and bringing an end to an antitrust lawsuit over player transfers, the organizations said Monday.
The Second Circuit late Tuesday granted the North American Soccer League’s bid for an expedited appeal over a denied preliminary injunction in its antitrust suit against the U.S. Soccer Federation, giving the stateside branch of FIFA just eight days to respond to the league’s opening brief due Nov. 13.
Uber Technologies Inc. told a New York federal court on Monday that the customer accusing the ride-hailing service of price-fixing can't raise the issue of his phone's keypad obscuring a hyperlink to the terms of service at this point in the case because he should have known about it all along.
Italy’s antitrust watchdog on Tuesday fined the Big Four auditing firms more than €23 million ($26.7 million) for rigging bids to provide services to Italy’s central public procurement operation.
The top Democrat on the Senate panel that oversees antitrust matters is trying to reach a deal with her Republican counterpart to boost resources for the federal antitrust agencies, she told reporters Tuesday.
MasterCard Inc.’s legal fight with a group of retailers from across Europe suing the firm over allegations it violated European Union antitrust laws by setting inflated bank-to-bank credit card charges has reached the U.K.’s highest court.
A group of cranberry farmers asked a Massachusetts federal judge on Monday to reconsider denying them a partial win in their suit against Ocean Spray over its alleged violation of the state’s unfair trade law when conducting online auctions for cranberry concentrate, arguing that newly discovered evidence warrants their request.
Amadeus IT Group SA on Monday fired back at a request by a group of ticket purchasers to depose its former CEO in a putative antitrust New York class action alleging that ticket distribution companies colluded on advantageous contracts with major airlines that triggered higher airfares, saying that other witnesses are available.
Sen. Amy Klobuchar, D-Minn., on Tuesday asked the U.S. Department of Justice and the Federal Trade Commission to look into possible anti-competitive behavior by online travel agencies, saying the companies may be unfairly wielding their size and influence on the market.
A transportation coordinator for California’s Medicaid program hit an association of non-emergency medical transporters with a suit Monday in California federal court accusing them of attempting to monopolize the market for the transportation in Los Angeles County and engaging in other anti-competitive conduct.
Today's law firm chief financial officer should be involved in many areas beyond traditional financial management, including operations, risk management and information technology. He or she can support strategic planning throughout the process, from development of the plan to its implementation, measurement and eventual evolution, say Tyler Quinn and Marc Feigelson of Kaufman Rossin PA.
Clients are beginning to expect and demand that their external lawyers provide advice tailored to the client's industry. Aside from this, law firms should want to move toward a sector approach because industry-focused groups are a natural place for cross-practice collaboration to flourish, say Heidi Gardner and Anusia Gillespie of Harvard Law School.
In their new book, "The Judge: 26 Machiavellian Lessons," do Ronald Collins and David Skover prove their thesis that hypocrisy is the key to judicial greatness? Some of the examples they present are hard to dispute, says Judge Alex Kozinski of the Ninth Circuit.
Financial Crisis Anniversary
After nearly a decade of recession-accelerated change in the legal industry, “merit-based” compensation has largely come to mean measuring attorney success using some combination of origination and working attorney hours metrics. However, there are signs that the real impact of the recession is still around the corner, and that building a book isn’t enough, says Peter Zeughauser of Zeughauser Group.
While it lends more than $100 million each year to our nation’s college students — including law students — the U.S. Department of Education surprisingly limits loan counseling to one-time entrance counseling for first-time student borrowers. Is this rational? asks Christopher Chapman, president of AccessLex Institute, a nonprofit focused on access to legal education.
The U.S. Department of Justice's recent lawsuit challenging Parker Hannifin’s consummated acquisition of Clarcor serves as an important reminder that the agencies can — and in some limited instances will — challenge consummated transactions that were reported to them under the Hart-Scott-Rodino Act, says Jack Sidorov of Lowenstein Sandler LLP.
Given the uptick in global awareness and enforcement of anti-bribery and corruption laws, most U.S.-based health care companies are attuned to the risks associated with legal infractions caused by their operations and conduct abroad. However, such ex-U.S. activities may also impact health care companies’ ability to conduct business within the U.S., say attorneys with Ropes & Gray LLP.
The shift to electronic filing has somewhat eased the task of reviewing briefs and their supporting files. An e-brief takes e-filing to the next level, says Christine Falcicchio, a principal at Strut Legal Inc.
Asian-Americans are the fastest-growing minority in the legal profession, but recent studies confirm their underrepresentation among partners, prosecutors, judges and law school administrators. We must take action, say Goodwin Liu, associate justice of the California Supreme Court, and Ajay Mehrotra of the American Bar Foundation.
Despite a number of key federal antitrust posts remaining vacant, the antitrust authorities have remained quite active. Here, attorneys with Arnold & Porter Kaye Scholer LLP discuss five recent transactions and what those cases mean for merger enforcement in the United States in the coming months and years.