With economics playing a fundamental role in nearly all stages of competition litigation, economics experts are crucial to developing and executing a winning case. Here, Law360 provides advice on how to make the best use of economics experts in antitrust litigation.
Wal-Mart Stores Inc. and Visa Inc. on Friday asked a New York federal judge to stop the clock on their battle over card-swiping fees while they try to hammer out a settlement before discovery starts up after a nearly two-year hiatus.
The competition authority of Greece has fined 10 construction companies €80.7 million ($95.1 million) total for participating in schemes to rig bids for public infrastructure contracts in the country between 2005 and 2012, applying its leniency and hardship provisions for the first time.
Contact lens seller 1-800 Contacts Inc. and retailers including Walgreens Boots Alliance Inc. have asked a Utah federal court to toss a proposed class suit alleging the companies conspired to limit competition for the online sale of contact lenses, saying the accusations came too late.
A Pennsylvania state judge was urged on Friday to pause a derivative lawsuit against Aetna Inc. as a special committee investigates allegations that the company withdrew from Affordable Care Act insurance exchanges to make good on threats aimed at coercing government approval of its now-defunct merger with Humana Inc.
An online seller of customizable promotional products and its president pled guilty in Texas federal court Monday to taking part in an anti-competitive scheme to fix prices on items including wristbands and lanyards, the U.S. Department of Justice said.
Texas has reached an agreement with Henry Schein Inc. and its dental supply distribution division Henry Schein Dental that will settle claims the company engaged in anticompetitive practices to shut lower-cost suppliers out of the market, the state’s attorney general, Ken Paxton, announced Monday.
With a quorum of commissioners now restored at the Federal Energy Regulatory Commission, the developers of the $2.2 billion Ohio-to-Michigan Nexus natural gas pipeline on Friday urged the agency to promptly approve construction of the project, which has been opposed on both environmental and antitrust grounds.
Direct purchasers in a proposed class action accusing poultry producers of colluding to fix the prices for broiler chickens urged an Illinois federal judge on Friday to sign off on a $2.25 million deal they struck with Fieldale Farms Corp.
Foreign financial institutions accused of manipulating the London Interbank Offering Rate asked a New York federal judge on Friday to toss the consolidated putative class action, saying the court lacked personal jurisdiction because the events happened overseas and were not directed at the United States.
A restaurant linen salesman has pushed the U.S. Supreme Court to revive antitrust claims against his former employer, arguing that the Eleventh Circuit incorrectly dismissed his allegations that his old company and a major linen buyer iced him out of the market.
A little more than a week after filing the suit, two of the three drivers who accused Volkswagen, BMW and other German luxury car makers of a decades-long antitrust conspiracy have dropped their claims, leaving the third one to go it alone.
A recently proposed bill to restore antitrust immunity to state professional boards, the Federal Trade Commission's lawsuit against a real estate appraisers board and remote health care legislation are just some of the issues percolating at the intersection of competition and state sovereignty. Here, Law360 recounts recent developments and ongoing proceedings in the area that antitrust practitioners should know.
The U.S. Chamber of Commerce and Uber subsidiary Rasier LLC on Thursday urged a Washington federal court to block Seattle's ordinance letting Uber and Lyft drivers unionize while they appeal a ruling handed down earlier this week dismissing their suit over the law.
A series of hedge funds owned by Oz Management LP on Thursday accused Teva Pharmaceutical Industries Ltd. in Connecticut federal court of lying to investors about its alleged rigging of generic drugs prices, causing stocks to drop when government agencies started investigating the drugmaker.
Two U.S.-based minor league soccer teams have filed a claim with the Court of Arbitration for Sport against the U.S. Soccer Federation and FIFA for allowing Major League Soccer, the top league in the U.S. and Canada, to be closed to promotion and relegation of teams, the teams said Thursday.
The federal court of Australia on Thursday handed down a AU$25 million ($19.8 million) fine to Japanese shipping company Nippon Yusen Kabushiki Kaisha over its participation in a global cartel focused on the transportation of vehicles and its impact on the country.
A brewery operator has sued Anheuser-Busch InBEV and Molson Coors Brewing Co. in a Wisconsin federal court, accusing the companies of conspiring to keep competitors out of the Ontario beer market by fixing prices through a secret agreement that was ultimately leaked to the press.
A New York federal judge on Thursday preliminarily approved a deal that will see JPMorgan Chase & Co. and Deutsche Bank AG pay $148 million to settle two investor suits alleging they rigged the London Interbank Offered Rate — despite finding earlier that some investors didn’t have standing to sue.
Sen. Orrin Hatch, R-Utah, urged his fellow lawmakers to avoid a "partisan food fight" over the country's antitrust enforcers and confirm Makan Delrahim to the U.S. Department of Justice during an extended floor speech in which the senator branded recent calls for a more expansive use of competition law "anti-corporate paranoia."
A group of investors who say they were fleeced on interest rate swap transactions because multiple banks were rigging a benchmark rate asked a New York federal court Wednesday to allow them to proceed as three classes, saying there is overwhelming, common evidence of the scheme.
In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?
Recent unwritten changes to the Committee on Foreign Investment in the United States, made in the name of national security, may undermine the committee's original purpose, says Stephen Heifetz, a partner with Steptoe & Johnson LLP who previously served as the Department of Homeland Security’s CFIUS representative.
Recently, this publication featured an op-ed in which one law firm partner contended that midsize firms will be the next casualty of the legal market, due to a supposed inability to compete with BigLaw or boutique firms for business. Though we can expect to see Am Law firms continue to lead the market in megadeals and life-or-death litigations, by all indications midsize is on the rise, says Ronald Shechtman of Pryor Cashman LLP.
It is well accepted that per se violations of the Sherman Act can be prosecuted criminally — an individual can be sentenced to up to 10 years in prison. But is the accepted learning on this issue wrong? I think I’ve found my way to the Sherman Act being unconstitutional as a criminal statute, says Robert Connolly of GeyerGorey LLP.
Outside counsel should be able to articulate why she is proposing an alternative fee arrangement for this matter. If the client has not requested an AFA or the case is unusually difficult to budget with accuracy, this might not be the case to propose an AFA, say attorneys with WilmerHale.
Despite the boom in mobile application development, many lawyers are still reluctant when it comes to using apps in their daily work. Attorney Sean Cleary explores the benefits and shares some recommendations for apps geared toward attorneys.
Several recent studies claim to show that competition is adversely affected when institutional investors hold significant shares in multiple firms within a “concentrated” industry. Following on this research, Eric Posner, Fiona Scott Morton and E. Glen Weyl have proposed a remedy that is a costly and disruptive way to change asset manager behavior, say members of The Brattle Group Inc.
In a recent Law360 guest article, Christopher Bogart of Burford Capital LLC claimed that "while theoretically well designed to find the proverbial needle in a haystack, big data and AI currently lack the ability to do so usefully in a commercial litigation financing context." But AI can manage many of the tasks that litigation financiers would otherwise perform, says Eva Shang, co-founder of Legalist Inc.
The recent recasting of the proposed Walgreens-Rite Aid merger as a partial acquisition shows that it’s possible to achieve business goals through alternative means. That is, antitrust problems that often bedevil large-scale mergers can be elided through the use of less ambitious plans, says Randy Gordon, chairman of the antitrust and trade regulation group at Gardere Wynne Sewell LLP.
Artificial intelligence and machine learning will continue to be a major focus for the legal community, whether as an isolated topic, as it intersects with cybersecurity, or within the legal profession itself. Each of these raises unique concerns for attorneys, says Randy Sabett, vice chair of Cooley LLP's privacy and data protection practice group.