A bombshell lawsuit lodged by Tribune Media Co. earlier this month sheds some light on the collapse of its $3.9 billion deal with Sinclair Broadcast Group Inc., a move that fell apart in the face of scrutiny from enforcers and regulators. And while much is still unknown about the ordeal, it provides some insight into how the agencies might approach similar moves in the future and how merging parties should respond.
Covington & Burling LLP has hired Terrell McSweeny, a former commissioner of the Federal Trade Commission, as a partner in its Washington, D.C., office to boost its antitrust and competition, and data privacy and cybersecurity practices, the firm said Monday.
China's Ministry of Commerce told the Second Circuit on Friday that it can still rely on the Chinese government's interpretation of its own law in a vitamin C price-fixing case, despite a recent ruling from the U.S. Supreme Court that found it doesn't have to.
Walgreens has agreed to buy the pharmacy patient prescription files and related inventory from 185 stores of Fred’s Inc., a regional pharmacy chain operating in the southeast, for $165 million plus the inventory’s value, the companies announced together on Monday.
Oxbow Carbon & Minerals LLC told a D.C. federal court Friday to deny a bid by several railroad giants to pause a price-fixing suit alleging the companies fixed fuel surcharge prices, saying they have not shown that the suit will cause any hardship or prejudice.
For starting attorneys, the financial crisis casts a long shadow, even though the worst is past. Here’s our breakdown of the data showing its impact and where the industry’s headed.
It’s been almost 10 years since Lehman Brothers collapsed — kicking off a global recession and putting two Skadden partners on a path to building a firm that would weather the storm. Here's how upstarts and their larger rivals are positioning themselves for the next downturn.
A New York federal judge Friday dismissed Haier's antitrust suit claiming that Samsung Electronics Co., LG Electronics Inc., Panasonic Corp. and Columbia University use patents that are federally required for the production of televisions to control the market.
Three former college athletes testified Friday in a landmark California federal bench trial over allegations the NCAA’s pay caps violate antitrust laws, saying the NCAA exploited them by pushing them to prioritize athletics over academics while providing meager scholarships that left them hungry, without year-round housing and asking their families for money.
A California federal judge on Friday dismissed a shareholder suit alleging generic-drug maker Impax Laboratories Inc. failed to disclose to investors a federal investigation over possibly collusive market activity, but also threw investors a life jacket, saying it's possible they could allege a scheme if they can elaborate how executives allegedly fixed prices.
The British private equity firm that owns Bumble Bee Foods can largely slip the net of multidistrict litigation over an alleged tuna fish price-fixing plot, a California federal judge ruled, but the firm's American arm still faces potential antitrust class actions.
A divided Eighth Circuit panel handed a win Friday to a Charter unit that had been backed by the Federal Communications Commission, with a decision holding that Voice over Internet Protocol services count as an “information service” exempt from state regulation.
The Eighth Circuit's recent opinion that the Federal Communications Commission rightly deregulated the market for business data services provides clarity as to how the agency will treat broadband services under the Communications Act, but it is expected to unsettle commercial contracts between businesses and their data carriers.
A commissioner with Brazil's competition authority said Friday that more cooperation from the U.S. Department of Justice during the review of AT&T Inc.'s $85.4 billion acquisition of Time Warner Inc. could have helped his agency push for stronger market protections.
Pepper Hamilton LLP, Perkins Coie LLP, Davis Wright Tremaine LLP, Simmons & Simmons, McKool Smith PC and Lane Powell PC are the latest firms to boost their health and life sciences offerings, with former prosecutors, antitrust experts, cannabis specialists and more.
A New York advertising agency accused Hearst, Tribune, Sinclair and other TV giants of plotting to fix prices for commercials, filing a proposed class action in New York federal court Wednesday as the latest in a barrage of antitrust suits against broadcasters over ad rates.
The Third Circuit tossed an objector's appeal of a $9.6 million class action settlement over rigged tax lien auctions in New Jersey, ruling Thursday that the amount was fair, reasonable and adequate given the likely difficulty of proving the antitrust case at trial.
Litigation funder Augusta Ventures has boosted its London team with a string of high-profile hires from firms like Hogan Lovells, Eversheds Sutherland and Hausfeld LLP as it signaled plans to pursue larger-scale cases.
A U.K. appeals court's recent broad take on the protections legal privilege offers companies against demands from government prosecutors in a dispute over a Serious Fraud Office probe re-enshrines the confidentiality at the heart of the attorney-client relationship and offers comfort to multinationals facing cross-border investigations.
USTelecom told the Federal Communications Commission that so-called unbundling mandates that require legacy wireline companies to share their networks with competitors at capped rates are no longer necessary and are out of date given the decline of incumbent local exchange carriers and rise of alternatives to landline voice service.
The European Union’s chief Brexit negotiator has indicated that Britain could be granted a regulatory equivalence deal on financial services similar to arrangements already enjoyed by the U.S., according to minutes of a meeting released on Friday.
The Serious Fraud Office has landed another mixed result in its prosecution of several former Barclays and Deutsche Bank traders for manipulating Euribor, the latest in the white collar specialist's latest effort to hold individuals accountable for rigging key benchmark interest rates. Here, Law360 looks at the highlights of the SFO's long-running campaign.
A D.C. federal judge has rejected the U.S. Department of Justice’s arguments that AT&T’s planned purchase of Time Warner would hurt competition and drive up consumer costs, dealing a major blow to the government’s first court challenge of a vertical merger in decades. Here, Law360 looks at how we got here, the key issues and highlights of the case.
The latest ABA annual antitrust law spring meeting ran the gamut from the government's tough new take on no-poaching pacts to hurdles innovation can cause in merger reviews— plus wide-ranging comments from the DOJ's new antitrust chief. Here's a look at Law360's coverage of three days of debates, tips and quips.
People with certain personality traits tend to use certain words. A computer analysis of Judge Brett Kavanaugh’s D.C. Circuit opinions reveals that he is highly extraverted, which means that he would be a prominent voice on the U.S. Supreme Court, says Matthew Hall, a professor at the University of Notre Dame.
An educated guess puts the number of new litigation funders launched in the past 18 months at 30 — an astonishing number, with more to come. Is this a blessing to our legal system or something more akin to tulip mania? Maybe both, says Ralph Sutton, founder and CEO of litigation funding firm Validity Finance LLC.
There are a number of ongoing antitrust cases involving health insurance networks that may be susceptible to the type of two-sided market analysis described by the U.S. Supreme Court last month in Ohio v. American Express, say David Garcia and Nadezhda Nikonova of Sheppard Mullin Richter & Hampton LLP.
While U.S. District Judge Richard Leon was careful to note that his opinion in the AT&T-Timer Warner merger trial was narrow, his evaluation of the evidence undercut the government's theoretical economic model in a way that may have broader applications, says John Dubrow of McDermott Will & Emery LLP.
As new communications platforms displace email, the legal industry is awkwardly grappling with complex e-discovery questions. Fortunately, this environment provides a very fertile ground of incentives for innovation in both e-discovery technology and service offerings, says Thomas Bonk of Epiq.
There are relatively few government contract collusion whistleblowers. The U.S. Department of Justice's Antitrust Division could roll out the whistleblower welcome mat by making a few changes that will not cost the government a nickel. Even if only one new case emerges, the efforts would be worth it, says former federal prosecutor Robert Connolly.
Notwithstanding the latest salary war among prominent law firms, I urge my middle-aged and older colleagues to help the recent graduates we know focus on the long term. Even if the salary is the same, there is a big difference between an institutional firm and the relatively younger firms matching BigLaw, says J.B. Heaton, a University of Chicago business law fellow and former partner at Bartlit Beck.
In the D.C. Circuit's Anthem and Whole Foods cases, U.S. Supreme Court nominee Judge Brett Kavanaugh disagreed with his colleagues’ decisions to block the contemplated mergers, suggesting an antitrust jurisprudence leery of excessive enforcement activity, say Timothy Gray and Melissa Ginsberg of Patterson Belknap Webb & Tyler LLP.
Law professor Nathalie Martin's new book, "Lawyering From the Inside Out: Learning Professional Development Through Mindfulness and Emotional Intelligence," can be of value to any lawyer aiming to achieve greater productivity, relieve the stress of the legal profession and focus on goals, says U.S. District Chief Judge Denise Page Hood of the Eastern District of Michigan.
Agreements regarding soliciting and hiring employees of competitors have become an enforcement priority for U.S. antitrust authorities, so M&A parties should take a fresh look at how they approach the issue. A carefully tailored no-poach provision will help protect against regulatory inquiry, say attorneys with Baker Botts LLP.