Competition

  • October 30, 2006

    Abbott's Antitrust Victory Appealed To Supreme Court

    Three months after a federal appeals court dismissed allegations of so-called monopoly leveraging against drug maker Abbott Laboratories Inc., the lead plaintiff in the class action has appealed the decision to the U.S. Supreme Court.

  • October 27, 2006

    Broker Accuses Prudential Of Antitrust Conspiracy

    A benefits broker has filed an antitrust lawsuit against the insurance unit of Prudential Financial Inc., accusing the firm of divulging its proprietary work to a rival company and conspiring to bump it out of a lucrative insurance deal.

  • October 27, 2006

    Kroes To Demand Overhaul Of Energy Industry

    The European Commission is cracking down on Europe's energy industry, calling for the breakup of national incumbents and setting forth severe restrictions that would be imposed on long-term gas contracts.

  • October 27, 2006

    E.C. Gears Up For Hearings On MasterCard Fees

    Signifying that a decision may not be far behind in the decades-old case, the European Commission has set up hearings on how MasterCard International Inc. establishes its bank fees for credit card transactions.

  • October 27, 2006

    Two More Suits Added To Antitrust Case Against Insurer

    Two class action suits filed against insurance broker Marsh & McLennan Cos.Inc. have been combined with a third, creating another massive antitrust class action alleging the company illegally conspired to set prices.

  • October 27, 2006

    Antitrust Suit Against Gas Cos. Moves To Federal Court

    An antitrust suit in which Missouri’s Public Service Commission accuses a slew of gas companies of conspiring to manipulate the gas market by intentionally reporting false price information to various trade publications has moved from state to federal court.

  • October 26, 2006

    Blue Cross In Georgia Fined For Not Giving Quotes

    Not offering price quotes to small businesses in Georgia has cost Blue Cross and Blue Shield $600,000, after the Georgia Commissioner of Insurance fined the company for violating state competition laws.

  • October 26, 2006

    SEC Probes Mutual Funds Over Kickback Scheme Ties

    The U.S. Securities and Exchange Commission is reportedly eyeing a slew of mutual funds over ties the companies may have with Bisys Fund Services Inc., which last month shelled out $21.4 million for its role in a fraudulent kickback scheme that allegedly netted hundreds of millions of dollars.

  • October 26, 2006

    Suit Against Car Insurers Heads To Ninth Circuit

    A group of plaintiffs that accused the California automobile insurance industry of conspiring to keep higher-quality parts off the market has appealed its case, almost immediately after a district court dismissed the proposed antitrust class action for lack of standing.

  • October 26, 2006

    Nestle Accused Of Theft And Unfair Competition

    A Kentucky man has filed a lawsuit against food giant Nestle, claiming the company has taken the proprietary information for his lower-temperature cooking process, and is using the knowledge to unfairly compete against him.

  • October 26, 2006

    German Regulators Reject $376M Merger Of Laser Firms

    Opposing a decision by the U.S. Department of Justice, German competition regulators on Thursday rejected Coherent Inc.’s proposed $376 million acquisition of a rival U.S. scientific laser company.

  • October 26, 2006

    Spitzer Accuses Life Settlement Company Of Bid-Rigging

    A company that helps people cash in their life insurance policies early has become the latest target of New York State Attorney General Eliot Spitzer, who filed a lawsuit Thursday accusing the company of engaging in anti-competitive behavior.

  • October 26, 2006

    U.S. Attorney Probes Bristol-Myers For Securities Fraud

    An ongoing investigation into corporate governance issues at Bristol-Myers Squibb Co. by the Office of the U.S. Attorney for the District of New Jersey has been broadened to include a probe into whether or not the company violated federal securities laws.

  • October 26, 2006

    FTC Drops Hammer On Warner Chilcott

    In a blow to Warner Chilcott Ltd., the Federal Trade Commission has forbidden the pharmaceutical giant from entering into pacts where generic drug makers agree not to compete with its products, part of the recently brokered settlement over blockbuster birth control drug Ovcon 35.

  • October 27, 2006

    Judge Rejects Cable Co.'s Bid For Injunction

    Cable television provider Mediacom Communications Corp. has vowed to appeal, after a federal judge nixed its request for an injunction in an antitrust case in which Mediacom accused Sinclair Broadcast Group Inc. of forcing it into an illegal tying arrangement.

  • October 25, 2006

    Spain Misses E.C. Deadline On E.On, Endesa Conditions

    Although the Spanish government has missed the deadline to respond to the European Commission’s concerns about conditions imposed by the government in the mergers of energy companies E.On and Endesa, Spain’s industry minister has assured regulators that they will have the country’s response within days.

  • October 25, 2006

    European Merger Court Proposal Draws Fire, Praise

    Demands for establish a special court that would handle disputed mergers in the European Union are growing louder, with the president of the European Court of First Instance now backing the idea.

  • October 25, 2006

    Orrick Stands To Improve Antitrust Practice With Merger

    Orrick, Herrington & Sutcliffe LLP stands to significantly boost its antitrust practice by merging with Dewey Ballantine LLP, if both firms’ partnerships approve the merger.

  • October 25, 2006

    Microsoft To Settle Antitrust Suits For $262M

    Microsoft Corp. has agreed to shell out up to $262 million worth of vouchers in Arkansas and Wisconsin to settle two private class action antitrust suits filed in those states, with the proposed settlements benefiting public schools as well as consumers.

  • October 25, 2006

    E.C. Takes France To Court Over Tax Loophole

    The European Commission said Wednesday it is hauling France to court over the country’s failure to repeal a tax exemption for takeovers of ailing companies that the agency considers to be incompatible with European Union rules governing state aid.