The U.S. Department of Justice will step into court Monday for its first trial challenging an almost purely vertical merger in 40 years, alleging that AT&T’s planned, $85 billion purchase of Time Warner will give AT&T too much power over rival distributors.
Micron Technology Inc. was smacked with a class action suit Friday which alleged the company fixed the prices of its semiconductor computer memory product and artificially inflated the company’s stock.
Two European chemical companies are slated to collectively shell out more than $72 million in criminal fines after pleading guilty to allegations that the companies participated in international price-fixing cartels in the hydrogen peroxide and sodium perborates industries, according to the Department of Justice.
Siding with Northwest Airlines Corp., a federal bankruptcy judge has stayed a long-standing antitrust class action lawsuit brought against the struggling carrier, unconvinced that the litigation merits the disruption of Northwest’s ongoing reorganization efforts.
A European Commission investigation into possible trade restriction by BMW AG and General Motors Corp. has led the automakers to allow their dealers to sell and service other brands.
With the takeover plans moving full steam ahead, medical device maker Boston Scientific Corp. has voluntarily withdrawn and refiled an antitrust notification regarding its $27 billion bid for heart device maker Guidant Corp.
Senior oil executives are set to testify before the Senate Judiciary Committee on Tuesday about high oil and gas prices and competition in the industry, which are key parts of legislation proposed by Committee Chairman Arlen Specter, R-Pa.
New York State Attorney General Eliot Spitzer is apparently close to wrapping up discussions with U.S. and foreign insurers and brokers who have come under scrutiny during a two-year fraud and bid-rigging investigation.
As part of an ongoing effort to simplify state aid rules, the European Commission has proposed easing the regulations that control subsidies for small companies.
In the latest step in its litigation practice expansion, Gibson, Dunn & Crutcher LLP has netted seasoned litigator Jim Walden to join its New York office as a partner in the firm's Business Crimes and Investigations Practice Group and Antitrust and Trade Regulation Practice Group.
Although the name McDermott Will & Emery may be new in Brussels, the fourth name in the firm’s moniker, Stanbrook, is familiar to competition lawyers across Europe. McDermott combined with boutique competition firm Stanbrook & Hooper in 2004, gaining a wealth of experience and an extensive client list.
In a warning directed at stock exchanges and securities firms, European Union regulators said Tuesday that they would file antitrust lawsuits and impose new regulations unless the financial industry eliminates obstacles to competition in cross-border trades by July.
Gaz de France SA and Suez SA, the French energy companies currently involved in a blockbuster merger, will have to sell off some of their Belgian businesses to prevent monopolizing the country’s energy market, Belgium's prime minister said Wednesday.
Germany’s Lufthansa Airlines has agreed to cooperate with the international probe into the air cargo industry, in a move that could eventually win the carrier immunity from prosecution in connection with antitrust allegations.
A long-running feud between biotech giant Monsanto Co. and Argentina over royalty payments on genetically modified Roundup Ready soybeans has reached a boiling point, prompting the country to solicit intervention by the European Commission.
Financial industry representatives told the Senate Banking Committee on Tuesday that Congress should increase oversight of credit-rating firms and enact legislation in order to foster greater competition.
In a confidential filing with the European Commission, software groups have accused Microsoft Corp. of setting out a “poisoned honeypot” by offering open source code in the antitrust litigation that has ensnared the software giant.
Several class action suits have been filed against North American producers of oriented strand board, with wholesale lumber companies lobbing allegations of conspiracy and price fixing at the strand board makers.
If a deal between Lockheed Martin Corp. and Boeing Co. does not win regulatory approval by the end of this month, a clause in the contract provides an out for the companies, allowing either one to terminate the proposed merger of their military rocket-launch units.
Twenty years after antitrust concerns led to the dismantling of AT&T, the phone company will once again submit to antitrust scrutiny after moving to purchase Bell South for $67 billion.
In a bid to block a €22-billion takeover deal, Endesa, Spain's largest electricity supplier, has launched an attack against Gas Natural SDG SA in a U.S. federal court, alleging the company made false and misleading disclosures in its move to acquire Endesa.