Competition

  • January 4, 2007

    General Dynamics Finds Buyer For Disputed Assets

    Defense contractor General Dynamics Corp. has found a buyer for its 50% stake in American Ordnance LLC, which the Federal Trade Commission forced it to divest to go through with its $275 million purchase of SNC Technologies Inc.

  • January 4, 2007

    Power Supply Merger Raises Competition Concerns

    Australia’s competition watchdog said Thursday it would not speculate on reports it could block a proposed $13.3 billion merger between AGL Energy and Origin Energy.

  • January 4, 2007

    DOJ To Score $7M In Credit Card Settlement

    In a move that may resolve a drawn-out dispute stemming from a 2003 billion-dollar settlement fund in an antitrust class action against Visa USA Inc. and MasterCard International Inc., the U.S. Department of Justice has reached a proposed settlement with a class of merchants and the credit card giants.

  • January 4, 2007

    Qualcomm Faces Deeper Antitrust Probe

    Besieged by mounting allegations of anti-competitive practices, U.S. technology company Qualcomm is now the subject of a full-scale investigation by South Korea’s antitrust watchdog.

  • January 4, 2007

    StorageTek Settles Copyright, Antitrust Case

    Data storage company Storage Technology Corp. agreed to a pay out an undisclosed sum Tuesday to settle antitrust charges brought by the same rival it filed a copyright and patent infringement suit against four years ago.

  • January 4, 2007

    Duane Morris Wants Another Trial Against McKesson

    Duane Morris LLP wants a new trial against healthcare bigwig McKesson Corp., because, it claims, there is no longer a conflict between its representation of McKesson subsidiaries in a bankruptcy case and its role in a competition suit against the company.

  • January 3, 2007

    Abbott E-Mails Could Affect Patent Evergreening Suits

    While efforts by pharmaceutical companies to protect market share have always drawn the scrutiny of regulators, recently uncovered documents from Abbott Laboratories have cast a new light on some of these questionable tactics.

  • January 3, 2007

    Supreme Court Fills Schedule With Antitrust Cases

    For much of its history, the Supreme Court has granted cert to at most one or two antitrust cases a year. But 2007 is turning out different, as the Court already has at least four competition cases on its schedule, with the possibility of more to come.

  • January 3, 2007

    Developer Says Seminole Buyout Of Hard Rock Rigged

    The takeover of Hard Rock Café International USA by the Seminole Tribe of Florida has raised the ire of another would-be suitor, which filed a lawsuit on Friday alleging that the bid was rigged.

  • January 3, 2007

    Private Equity Firms Face Lawsuit, Probes

    Private equity firms may have had a record year in 2006, but at least 13 of the most prominent firms are now facing a proposed class action lawsuit over alleged antitrust and securities violations.

  • January 3, 2007

    RICO, Antitrust Charges Added To Healthcare Suit

    United Healthcare Corp. will have to add federal racketeering and antitrust charges to its list of legal woes now that a judge has allowed class action plaintiffs to tack the additional charges onto an ongoing suit.

  • January 3, 2007

    Insurer Agrees To Halt Contingent Commissions

    The St. Paul Travelers Companies Inc. has agreed to stop paying contingent commissions to insurance agents and brokers, according to Connecticut Attorney General Richard Blumenthal, who has been fighting the illegal bid-rigging practice.

  • January 2, 2007

    FTC Intervenes In Defense Contractor Merger

    The Federal Trade Commission has approved General Dynamics Corp.’s $275 million purchase of SNC Technologies Inc., though it also forced the defense contractor to sell its 50% stake in American Ordnance LLC.

  • January 2, 2007

    MetLife Settles Insurance Probe For $19M

    The largest life insurer in the United States will pay $19 million and change business practices as part of a settlement regarding contingent commissions that will stand as one of Eliot Spitzer’s final acts as New York’s attorney general.

  • January 2, 2007

    AMD Wins Foreign Discovery Battle With Intel

    The federal judge overseeing Advanced Micro Devices Inc.’s antitrust suit against Intel Corp. has entered an order directing Intel to turn over evidence the plaintiff says shows evidence of Intel’s misconduct beyond U.S. borders.

  • January 2, 2007

    Doctors Settle Price-Fixing Charges With FTC

    Advocate Health Partners, which represents more than 2,900 independent Chicago-area physicians, has reportedly accepted the terms of a consent order settling allegations that the company agreed to fix prices and refused to deal with certain health plans except on collectively determined terms.

  • January 2, 2007

    FCC Clears AT&T/BellSouth Deal

    The Federal Communications Commission has approved the merger of telecommunications companies AT&T Inc. and BellSouth Corp., removing the final obstacle standing in the way of the $86 billion deal.

  • January 2, 2007

    Arthur J. Gallagher & Co. Settles Price-Fixing Probe

    State and federal crackdowns on insurance antitrust practices have brought another pricey resolution as brokerage Arthur J. Gallagher & Co. will pay $36.9 million to settle a federal class-action lawsuit that accused the company of steering business for contingent commissions.

  • December 29, 2006

    Antitrust Litigation Surged In 2006: Survey

    Antitrust litigation in the United States rose by as much as 29% in 2006, fueled by class actions in the wake of government investigations into alleged price-fixing in the airline and memory chip industries.

  • December 29, 2006

    Antitrust Litigation Yielded $3.4B In 2006: Survey

    Antitrust litigation in the United States resulted in settlements and fines of $3.4 billion in 2006, fueled by probes into alleged price-fixing in the insurance and memory chip industries, according to a survey by Competition Law360.