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.
The U.K.’s competition regulator on Friday raised some concerns over Motor Fuel Group’s roughly £1.2 billion ($1.56 billion) deal to buy fellow private equity-backed British gasoline retailer MRH GB Ltd., warning that the deal could impact some local competition.
The last week has seen AIG, Swiss Re and several Lloyd's syndicates lodge a shipping claim against Maersk, more retailer claims against Visa and Mastercard, and a new application involving the Libyan Investment Authority. Here, Law360 looks at those and other new claims in the U.K.
A California federal judge will again tackle on Tuesday the NCAA’s rules capping what players can be paid to play college sports in a long-running case brought by groups of college football and basketball players. The players are seeking to create an open market for schools to compete for the top recruits, giving the trial the potential to completely upend college athletics. Here, Law360 takes a closer look at the case and the arguments for both sides in advance of the bench trial.
A group of Mallinckrodt PLC investors urged a D.C. federal judge Thursday to keep their consolidated complaint alive, arguing that the company knowingly issued false and misleading statements about one of its key drugs.
Three deals faltered in the heat of the summer, falling to pieces amid regulatory pushback, litigation and investor outcry, and sending the companies back out into the world solo. Here, Law360 outlines three high-profile deals that went up in smoke this summer.
Sen. Orrin Hatch, R-Utah, urged the Federal Trade Commission on Thursday to rescrutinize Google's search and digital advertising practices, arguing "much has changed" since the agency decided not to bring an antitrust enforcement action against the internet giant.
NFL quarterback Colin Kaepernick, who started a wave of player national anthem protests, will be able to continue with his collusion claims after the National Football League system arbitrator refused to grant the league's bid to toss the claims, according to a tweet from Kaepernick's attorney Thursday.
A California federal judge refused Wednesday to block Qualcomm from pursuing a patent infringement case that could force Apple to import only iPhones with Qualcomm's chipsets, concluding that consumers suing Qualcomm in a massive proposed antitrust class action have only “speculative” concerns of higher smartphone prices.
An infrastructure company and a prepaid wireless wholesaler told the Federal Communications Commission in filings that Sprint's proposed combination with T-Mobile could help bring high-speed wireless coverage to low-income and rural communities.
Sen. Cory Booker, D-N.J., introduced a bill on Wednesday that would put an 18-month moratorium on large mergers in the agricultural, food and beverage manufacturing, and retail grocery sectors over concerns about excessive corporate consolidation.
A California federal judge on Thursday dismissed a suit by the Pharmaceutical Research and Manufacturers of America challenging a state drug pricing law, finding the industry organization was only able to speculate that its members would be harmed by the law.
A group of dentists has tentatively reached an $80 million settlement in a proposed class action accusing the country's biggest dental supply companies of colluding to fix prices on crowns, numbing agents, X-ray accessories and other products, the parties announced on Thursday.
A North Carolina federal judge has rejected Hyundai’s attempt to quash counterclaims to its trademark infringement suit against a company it alleges imports and sells knockoff Hyundai parts billed as “genuine,” finding the parts seller adequately stated its antitrust allegations in trying to fight back against the auto giant.
Long-running antitrust claims against American Airlines parent AMR Corp. over its 2013 acquisition of US Airways will advance to trial in New York bankruptcy court, a judge ruled Wednesday, determining that some of the customer claims over diminished airline competition merit further inquiry.
After President Donald Trump raged on Twitter about "fake news media" dominating web search results, a conservative nonprofit sued tech giants Facebook, Google, Twitter and Apple for $1 billion in Washington, D.C., federal court Wednesday, alleging they violated antitrust statutes and the First Amendment by censoring conservative content.
The National Collegiate Athletic Association and major college sports conferences said there is no way to make the commissioner of the America East Conference, who made statements suggesting that paying college athletes might not harm smaller schools, sit for a deposition just days ahead of a trial in an antitrust action challenging limits on college athlete benefits.
Allergan and Shire are trading blows over a recent ruling that kept alive Pfizer’s antitrust suit against Johnson & Johnson over alleged coercion of health insurers, debating whether it lends credence to similar coercion allegations against Allergan.
A California federal court judge on Tuesday tossed a lawsuit filed by a San Francisco Bay Area hospital group that accuses Kaiser Foundation Hospitals Inc. and its insurer of creating a monopoly on health care in the state, finding that the hospital group failed to allege that it’s been harmed by the alleged antitrust violations.
Summer for the mergers and acquisitions world normally signals a slowdown, but bidding wars, megadeals, antitrust lawsuits and regulatory changes have kept dealmakers on their toes even as the season prepares for its unofficial end. Here, Law360 recaps the hottest M&A moments of the summer.
The American Cable Association has warned the Federal Communications Commission that the proposed merger of Gray Television Inc. and Raycom Media Inc. — a $3.65 billion deal that would form one company owning 142 stations in 92 markets — would hurt competition, increase broadcasters’ transmission fees and ultimately raise prices for consumers.
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.
Modern information technology, intelligent algorithms and production robots are strongly influencing the working world in the 21st century. This article, by attorneys at CMS Francis Lefebvre, provides an overview of the future labor market as well as the impact of artificial intelligence on labor law and tax issues.
Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.
It has been widely reported that lawyers representing Colin Kaepernick in collective bargaining arbitration proceedings with the NFL may ask the arbitrator to compel President Donald Trump to appear for deposition. The case presents interesting issues about the power of an arbitrator to compel testimony of a nonparty, say attorneys with White and Williams LLP.
While some may say it’s ironic, it’s also embarrassing and enraging that the very industry that offers anti-harassment training, policies and counsel now finds itself the subject of #MeToo headlines. The American Bar Association recommendation that will bring about the greatest change is the call to provide alternative methods for reporting violations, says Beth Schroeder, chair of Raines Feldman LLP's labor and employment group.
In consumer class action settlements, cash provides the class and the court evaluating a proposed settlement with a quantitatively measurable benefit. Noncash settlements require heightened scrutiny by the court, since they are generally worth less to consumers than cash, and may benefit defendants and class counsel more than class members, says retired judge Thomas Dickerson.
In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.
The U.S. Supreme Court's decision in Hall v. Hall is significant because it clarifies that parties have an immediate right of appeal following a final decision in actions consolidated under Rule 42(a). Companies that routinely face consolidation will have to be diligent in taking timely appeals, say Desiree Moore and Daisy Sexton of K&L Gates LLP.
For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.
The Federal Trade Commission’s approval of Northrop Grumman’s bid to buy Orbital ATK shows that, despite a long-standing preference for structural remedies, the FTC is still willing to consider behavioral or conduct remedies to resolve potential concerns associated with vertical mergers, says Francesca Pisano of Arnold & Porter.
The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.