Competition

  • April 19, 2007

    Japan's FTC Raids Steel Pipe Construction Cos.

    Three Japanese steel companies were raided Thursday by regulators over their suspected involvement in rigging bids for steel gas pipeline construction projects.

  • April 19, 2007

    Drexel Is First College Sued In Student Lending Probe

    Philadelphia’s Drexel University will be the first college to face a lawsuit brought by New York Attorney General Andrew Cuomo in his ongoing probe into the $85-billion-a-year student loan industry.

  • April 19, 2007

    DOJ Files Charge In Blinds Price-Fixing Probe

    A former president of a Canadian window blinds slat manufacturer has become the first person charged in a U.S. Department of Justice investigation into alleged collusive activity in the industry.

  • April 19, 2007

    Petrobras To Appeal Antitrust Decision On Ipiranga

    A group led by Brazilian oil company Petroleo Brasileiro will appeal a recent antitrust ruling that prevents it from changing petrochemical company Companhia Brasileira de Petroleo Ipiranga in any way before regulatory approval of its buyout deal.

  • April 19, 2007

    Potential Bid For ABN Amro Raises Concerns In U.S.

    If ABN Amro Holding NV accepts a potential takeover bid by the Royal Bank of Scotland Group PLC, their combined U.S. operations could create an anti-competitive market share in the U.S. banking sector, according to analysts.

  • April 19, 2007

    Sixth Samsung Exec Admits To Role In DRAM Scam

    An executive from South Korean electronics maker Samsung on Thursday pled guilty to fixing prices for memory chips, the sixth company manager to fess up to participating in the worldwide conspiracy, the investigation into which has so far netted four companies and 18 employees.

  • April 18, 2007

    Hearing Set For Contentious Western-Giant Deal

    The Federal Trade Commission will make arguments in a hearing on May 7 over why it believes the proposed $1.4 billion merger between two oil refineries could significantly harm New Mexico’s light petroleum supply.

  • April 18, 2007

    Microsoft Agrees To Pay $180M In Iowa Settlement

    Microsoft Corp. plans to shell out as much as $180 million to resolve an antitrust class action that alleged the software giant wielded its monopoly power to overcharge Iowa residents for its software products.

  • April 18, 2007

    Fried Frank Partner Heads Back To DOJ

    A prominent antitrust litigator at Fried, Frank, Harris, Shriver & Jacobson is heading back to the U.S. Department of Justice, where she will become deputy assistant attorney general for regulatory matters in the Antitrust Division.

  • April 18, 2007

    Universal, BMG Merge Approval Imminent: Source

    Universal Music Group may not have to wait much longer to buy BMG Music Publishing from Bertelsmann now that the EU antitrust officials reviewing the acquisition have reportedly backed the $2.1 billion marriage.

  • April 18, 2007

    E.C. Fines Brewers €273M, Breaking Cartel Fine Record

    Europe’s competition watchdog set a new annual record for cartel fines on Wednesday when it fined a group of brewers a collective €273 million for fixing Dutch beer prices, bringing the agency’s year-to-date cartel fine total to €2 billion.

  • April 18, 2007

    DOJ Official Says Reverse Payments Not Illegal

    A top Department of Justice official said Wednesday that the agency disagreed with the stance the Federal Trade Commission has taken against authorized generics and reverse payments.

  • April 18, 2007

    India May Change Rules For Mittal Investment: Report

    Indian government officials are reportedly set to do some regulatory shuffling in order to enable the investment holding arm of Mittal Steel to pick up a 49% stake in a proposed refinery joint venture with state-run Hindustan Petroleum Corp., India’s second-largest oil company.

  • April 18, 2007

    Congressman Calls For Student Lender Reforms

    The ever-widening student lender scandal demonstrates the need for “emergency reforms” in the industry, according to California Rep. George Miller.

  • April 18, 2007

    Hitachi Issues Objection To Switchgear Cartel Fine

    Smacked with a €51.8 million fine, Japan's Hitachi Ltd. has decided to appeal the massive penalty handed down by the European Commission stemming from its alleged involvement in an electricity-transmission technology cartel.

  • April 18, 2007

    Authorized Generics Benefit Consumers: Report

    While authorized generic drugs in the market have become more prevalent in the last five years, paragraph IV certifications have not declined as a result, according to a report released Wednesday.

  • April 17, 2007

    E.C. To Fine Brewing Giants For Beer Cartel: Report

    Europe’s competition watchdog is reportedly set to levy fines on several brewers on Wednesday over their alleged participation in an illegal beer cartel in the Netherlands.

  • April 17, 2007

    DOJ, FTC: IP Practices Can Be Pro-Competitive

    Although significant questions are raised when antitrust and intellectual property laws intersect, IP practices can be pro-competitive, said a long-awaited joint report released Tuesday by the U.S. Department of Justice and the U.S. Federal Trade Commission.

  • April 17, 2007

    After Divestiture, FTC To Allow Drug Acquistion

    The U.S. Federal Trade Commission has given the green light to Actavis Group’s acquisition of Abrika Pharmaceuticals, Inc., but only if the companies sell the rights to a blood pressure drug.

  • April 17, 2007

    Supreme Court Passes On Monsanto Row

    The U.S. Supreme Court has declined to weigh in on a dispute involving Monsanto Co., refusing to hear claims of patent misuse and antitrust violations hurled at the agrochemical giant over its Roundup Ready licensing arrangements.