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.
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.
Brazil’s antitrust watchdog on Wednesday blocked the proposed acquisition of Brazilian fuel distributor Alesat Combustíveis SA, which does business as ALE, by larger rival Ipiranga Produtos de Petróleo SA, saying the deal, valued at 2.1 billion Brazilian reais ($610 million), would be damaging to competition in regional markets.
The European Union’s antitrust enforcer, as part of an ongoing investigation, on Thursday updated claims that Visa’s interchange fees for cross-border credit card transactions run afoul of competition rules after Visa Europe, which previously entered into commitments with the agency, was merged into Visa last year.
Bumble Bee Foods LLC pled guilty to violating the Sherman Act in California federal court Wednesday, admitting to its role in a conspiracy to fix the price of canned tuna and agreeing to pay a criminal fine that was significantly reduced to $25 million, saying the company can't afford anything more.
The U.S. Department of Justice's Antitrust Division has added an international trade and antitrust expert to its front office roster, with Notre Dame Law School professor Roger Alford joining the watchdog to handle international affairs.
Drivers alleging German automakers illegally shared sensitive information with each other have asked the Judicial Panel on Multidistrict Litigation to centralize the proposed class actions in California federal court.
The U.K.'s antitrust watchdog said Wednesday it has found that oilfield services firm John Wood Group PLC's proposed £2.23 billion acquisition of rival Amec Foster Wheeler PLC could potentially harm competition in the country, as the companies ready a remedy proposal.
A Washington federal judge tossed the U.S. Chamber of Commerce’s challenge to Seattle's ordinance letting Uber and Lyft drivers unionize, saying Tuesday it is not preempted by federal antitrust law and upending the business coalition's hard-fought efforts to prevent independent contractors from banding together as a union.
Private equity-backed European vending and coffee company Selecta Group BV and rival Pelican Rouge Group BV offered Tuesday to make changes to their proposed merger to secure approval from European antitrust enforcers.
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.
By allowing attorneys to summarize what has just occurred in testimony and how it fits into the wider case narrative, courts can substantially improve juror comprehension through every step of a trial. Yet interim arguments are not practiced regularly, say Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project.
Recent amendments to the Rules of Civil Procedure mean issues like spoliation, sanctions and adverse impacts are focus areas for many attorneys, providers and clients. David Turner of FTI Consulting Inc. discusses the technological best practices regarding preservation and proportionality, as well as the challenges associated with clients' structured data.
The Southern District of New York's recent decision in North Sea Brent Crude Oil Futures Litigation, together with the Second Circuit's decision in Loginovskaya, makes clear that Morrison presents a daunting obstacle to private Commodity Exchange Act claims that involve some element of foreign conduct, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
Outside counsel experienced with alternative fee arrangements will have many war stories regarding successful — and less successful — fee arrangements. Asking outside counsel to share these experiences can provide useful insight into the strength of a proposed AFA, say attorneys with WilmerHale.
Conventional wisdom says that oral argument is a mere formality; that in courts where judges read briefs in advance, their minds are made up and will rarely — if ever — change. But conventional wisdom notwithstanding, oral argument can be critical, says Stewart Milch of Goldberg Segalla LLP.
With its complaint earlier this year against Qualcomm, the Federal Trade Commission is in danger of intervening on behalf of business interests, not those of consumers, and compromising protections for innovations and technological breakthroughs, says James Skyles, founder of Skyles Law Group LLC.
Though teaching a law school class may be one of the last things on a busy practitioner's to-do list, it's a misconception that teaching will benefit only those who are looking to leave the practice of law and enter academia. It also offers several practical benefits, especially for more junior lawyers looking for stand-up experience, say Steven Allison and Samrah Mahmoud of Crowell & Moring LLP.
Over the past six years, the U.S. Department of Justice has announced a steady flow of guilty pleas for price-fixing of automotive parts in what has been called the largest criminal antitrust investigation in U.S. history. The information contained in plea agreements reached thus far offers a “sneak peek” into what future economic research may reveal, say Jon Tomlin and Chris Ring of Navigant Consulting Inc.
A class of plaintiffs succeeded last month in persuading a New Jersey federal court that trade and professional associations may violate the antitrust laws by tying benefits to membership. While the dominance of the American Osteopathic Association may be unique, the decision presents considerations for other membership associations, say Brian Schneider and Andrew Murad of Arent Fox LLP.