Competition

  • October 2, 2017

    HSBC Exec Admits Role In Russian Forex Buyer Tale

    The HSBC executive testifying Monday against a top foreign exchange trader peddled the story to Cairn Energy PLC that a Russian buyer was pounding the dollars for sterling exchange market, leading to a price spike that Brooklyn federal prosecutors said was caused by illegal front-running.

  • October 2, 2017

    Northwestern Can't Strike Deal Talks Info From Transfer Suit

    An Illinois federal judge refused Friday to strike portions of a former basketball player's complaint that mention settlement talks with Northwestern University, in a suit over the loss of a scholarship and NCAA rules requiring athletes to sit out a year after transferring.

  • October 2, 2017

    CenturyLink, Level 3 Reach DOJ Deal Over Proposed Merger

    Telecommunications giant CenturyLink Inc. on Monday said federal antitrust regulators have approved its roughly $34 billion proposed merger with Level 3 Communication Inc., subject to divestitures of assets involving metro networks and dark fiber, in a consent decree that awaits court approval.

  • October 2, 2017

    Mitsuba Pays $72M To End Consumer Price-Fix Claims

    Mitsuba Corp. and its U.S. affiliate have agreed to pay $72 million to individuals who leased or purchased new cars in the U.S. that included parts that have been linked to an alleged global price-fixing scheme, in a bid to escape sweeping multidistrict litigation, the buyers told a Michigan federal judge Monday.

  • October 2, 2017

    High Court Won't Eye Conviction For Ex-NY State Senator

    The U.S. Supreme Court said Monday that it will not review the conviction of a former New York state senator who was found guilty of scheming to buy his way into the New York City mayor’s office and subsequently sentenced to seven years in prison.

  • October 2, 2017

    Fed. Circ. Hesitant To Wade Into Antitrust Aspect Of IP Feud

    A Federal Circuit panel ordered further briefing Monday on whether it has jurisdiction over a nixed antitrust claim in a long-running patent battle regarding advanced measurement systems for semiconductors, with one judge saying he worried he was being pushed to create a circuit split.

  • October 2, 2017

    NCAA Says O’Bannon Thwarts Quick Win Bid In Antitrust Row

    The Ninth Circuit’s September 2015 O’Bannon decision precludes players’ claims in multidistrict litigation against the NCAA and nearly a dozen athletic conferences over allegedly anti-competitive caps on scholarships, the association argued in California federal court Friday, urging the court to grant its summary judgment motion over the players’.

  • October 2, 2017

    Shire Hits Allergan With Antitrust Suit Over Dry Eye Drugs

    Allergan Inc. has engaged in anti-competitive conduct in an effort to block Medicare Part D beneficiaries from purchasing Shire U.S. Inc.’s competing treatment for dry eye disease, a suit filed Monday in New Jersey federal court claims.

  • October 2, 2017

    Roche Ducks Cancer Drug Antitrust Suit

    A New York federal judge on Saturday threw out a Russian drug company’s lawsuit alleging Roche Holding AG and affiliates used their position to restrict the entry of cancer drugs into the U.S. market, saying the Russian firm has insufficient U.S. contacts to establish standing.

  • October 2, 2017

    Supreme Court Turns Down Trio Of Antitrust Appeals

    The U.S. Supreme Court on Monday turned down appeals concerning alleged antitrust schemes in the polystyrene container recycling, maritime vehicle shipping, and medical-surgical supply industries, leaving wins in place for the defendants in each case.

  • October 2, 2017

    EU Finance Committee Backs More Powers For Regulators

    A European Parliament financial committee has called for the introduction of minimum standards into EU law that will make sure national regulators enforce against breaches of competition law in more uniform and predictable ways.

  • September 29, 2017

    Bumble Bee, StarKist Can't Dodge Tuna Price-Fix MDL

    Multidistrict litigation alleging a widespread tuna price-fixing conspiracy will press on after a California federal judge largely rejected StarKist and other companies' attempts to toss claims that the alleged conspiracy dated back more than a decade.

  • September 29, 2017

    Activist Group Challenges UK Watchdog On Fox-Sky Decision

    Activist group Avaaz said on Friday that it has launched a legal challenge to the U.K.’s Office of Communications' finding that 21st Century Fox Inc. would be a proper broadcasting license holder following its proposed $14.4 billion takeover of Sky PLC, taking aim at Fox’s founding family, the Murdochs.

  • September 29, 2017

    Celgene Hit With Expansive Antitrust Suit Over Thalomid

    A health fund hit Celgene Corp. with a proposed class action Thursday in New Jersey federal court over the company's alleged anti-competitive behavior meant to keep its monopoly on the drugs Thalomid and Revlimid, including abusing a drug safety protocol, fraudulently obtaining patents and filing sham patent suits.

  • September 29, 2017

    Bayer Further Trims Covestro Stake With €1B Sale

    Bayer AG again cut its stake in Covestro AG, the material sciences business it spun off in 2015, raising €1 billion ($1.2 billion) and marking the end of the German drug and chemical maker’s control of the business, according to a Friday statement.

  • September 29, 2017

    Bosch Scores Early OK On $33.4M Deal In Auto Parts MDL

    A Michigan federal judge on Friday gave the early nod to German auto parts giant Robert Bosch GmbH's $33.4 million settlement to end antitrust lawsuits in multidistrict litigation alleging the company fixed prices for four different types of auto parts, saying the deal is fair and reasonable.

  • September 29, 2017

    Investors Blast Bids To Toss Indirect Forex Manipulation Suit

    Foreign-currency buyers alleging they were indirectly harmed by rate-rigging practices revealed in recent years at some of the world’s biggest banks asked a New York federal court Thursday to keep the antitrust suit alive, saying its combination of federal and state claims is valid.

  • September 29, 2017

    Fed Fines HSBC $175 Million Over Forex Practices

    The Federal Reserve Board on Friday said that it has fined HSBC $175.3 million for failing to properly oversee its foreign currency exchange trading business, the latest fallout from investigations into the alleged rigging of the forex markets by global banks.

  • September 29, 2017

    Chicken Cos. Must Hand Over Fla. AG Docs In Antitrust Suit

    An Illinois magistrate judge on Thursday ordered poultry producers to turn over certain documents related to an investigation by the Florida attorney general’s office in a lawsuit over alleged antitrust and price-index-fixing concerns, but stopped short of requiring expanded disclosure of information and communications with the agency.

  • September 29, 2017

    Consumer's £14B Mastercard Class Action Appeal Denied

    A U.K. competition appeal court on Thursday denied a consumer’s attempts to appeal a decision preventing him from bringing a £14 billion ($18.7 billion) antitrust suit against Mastercard Inc. over credit card swipe fees.

Expert Analysis

  • Series

    Judging A Book: Kopf Reviews Posner's 'Federal Judiciary'

    Judge Richard Kopf

    There is a wonderful sketch of Seventh Circuit Judge Richard Posner dressed in a black robe with arms outstretched as if they were the billowing wings of a lean vulture. He is kicking a human brain down a hallway and wearing a half-smile that looks for all the world like a sneer. That sketch is the perfect metaphor for both Judge Posner and his new book, "The Federal Judiciary: Strengths and Weaknesses," says U.S. District Judge Ri... (continued)

  • The Use Of Special Masters In Complex Cases

    Shira Scheindlin

    Special master appointments can be very beneficial in resolving disputes quickly, streamlining discovery, handling delicate settlement negotiations, and — somewhat surprisingly — reducing cost and delay, says retired U.S. District Judge Shira Scheindlin, now with JAMS.

  • Roundup

    Notes From A Law Firm Chief Privacy Officer

    logo

    As more law firms become the targets of major cyberattacks, more firms may consider appointing a chief privacy officer. In this series, CPOs at four firms discuss various aspects of this new role.

  • Series

    Notes From A Law Firm Chief Privacy Officer: New Demands

    Phyllis Sumner

    For outside counsel, oftentimes efficiency and responsiveness collide with security measures as clients are increasingly requiring their law firms to comply with third-party risk management programs. To meet these challenges, law firms are focusing more on the roles of chief privacy officer and chief information security officer, says Phyllis Sumner, chief privacy officer for King & Spalding LLP.

  • Opinion

    It's Time To Improve Voir Dire In Federal Court

    Lisa Blue

    During the jury selection process, many times parties submit proposed voir dire questions, but the court ultimately chooses the questions to be asked and does all of the questioning of the jury panel. While this approach is judicially efficient, rarely do we learn anything meaningful from the panel members, say Lisa Blue of Baron and Blue and Robert Hirschhorn of Cathy E. Bennett & Associates.

  • Series

    Notes From A Law Firm Chief Privacy Officer: Insider Risks

    Wagner.jpg

    As law firms hold sensitive information not only related to the firm but to the firm’s clients, an insider threat — whether it's a "bad actor employee" or inadvertent activity — poses a particular concern. There are steps that privacy officers can initiate to help minimize these threats, says Patricia Wagner, chief privacy officer for Epstein Becker Green.

  • Series

    Notes From A Law Firm Chief Privacy Officer: Balancing Act

    Kristin Jones

    As the role of law firm chief privacy officer becomes more prevalent and expansive, many CPOs are finding themselves in the midst of a delicate balancing act — weighing compliance with government regulations and client requirements on one side with the needs of firm business on the other, says Kristin Jones, chief privacy officer for Stradley Ronon Stevens & Young LLP.

  • Antitrust Complaints About Giant Companies Are Not New

    Steven Cernak

    According to many publications, a handful of companies are getting too big, and maybe we need to change the antitrust laws. What these commentaries never seem to acknowledge is that the U.S. economy has seen these kinds of supposedly unassailable behemoths in the past — and survived, says Steven Cernak of Schiff Hardin LLP.

  • How The IPad Can Be A Litigator's Best Friend

    Paul Kiesel

    New mobile computing tools — both hardware and applications — are changing the technology paradigm for legal practitioners. In particular, the combination of the 12.9-inch iPad Pro, the Apple Pencil and the LiquidText annotation app can revolutionize both trial preparation and courtroom litigating, says attorney Paul Kiesel, in his latest review of tech trends.

  • Series

    Notes From A Law Firm Chief Privacy Officer: CPO Vs. CISO

    Mark McCreary

    To understand the role of the law firm chief privacy officer — and why that person ought to be a lawyer — it’s important to distinguish the role they fill from that of the chief information security officer, says Mark McCreary, chief privacy officer for Fox Rothschild LLP.