Competition

  • August 4, 2017

    Banks Say US Court Lacks Jurisdiction in Libor Class Action

    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.

  • August 4, 2017

    High Court Urged To Revive Ex-Worker's Antitrust Claims

    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.

  • August 4, 2017

    2 Drivers Drop Claims In German Luxury Car Antitrust Suit

    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.

  • August 4, 2017

    State Professional Board Antitrust Issues To Watch

    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.

  • August 4, 2017

    US Chamber Wants Seattle Union Rule Blocked During Appeal

    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.

  • August 4, 2017

    Hedge Funds Sue Teva Over Generic Drug Price-Fixing

    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.

  • August 3, 2017

    US Minor League Soccer Teams File Challenge Over MLS

    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.

  • August 3, 2017

    NYK Fined $25M In Australia Over Vehicle Transport Cartel

    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. 

  • August 3, 2017

    Anheuser, Molson Accused Of Blocking Beer Rivals In Ontario

    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.

  • August 3, 2017

    Judge OKs $148M JPMorgan, Deutsche Libor-Rigging Deal

    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.

  • August 3, 2017

    Hatch Bemoans Delay On Delrahim, Rips Dems' Antitrust Plan

    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."

  • August 3, 2017

    Swaps Investors Seek Class Cert. In ISDAfix Rate-Rigging Suit

    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.

  • August 3, 2017

    Brazil Watchdog Axes Fuel Co.’s $610M Deal With Rival

    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.

  • August 3, 2017

    EU Antitrust Watchdog Updates Visa Swipe-Fee Complaint

    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. 

  • August 2, 2017

    Bumble Bee Takes $25M Plea Deal In Tuna Price-Fix Case

    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.

  • August 2, 2017

    DOJ's Antitrust Unit Gets Deputy For International Affairs

    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.

  • August 2, 2017

    Drivers Want Calif. MDL For German Auto Antitrust Suits

    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.

  • August 2, 2017

    £2.2B Wood-Amec Deal May Hurt Competition, Watchdog Says

    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.

  • August 2, 2017

    Seattle Defeats Challenge To Uber Driver Union Law

    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.

  • August 2, 2017

    Coffee Vendors Offer EU Antitrust Fixes On PE-Backed Merger

    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.

Expert Analysis

  • Where AI Meets Cybersecurity And The Legal Profession

    Randy Sabett

    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.

  • Weekly Column

    Innovating For Wise Juries: Interim Arguments

    Roy Futterman

    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.

  • Unstructured Data Is Just The Tip Of The Iceberg

    David Turner

    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.

  • Morrison's Impact On Commodity Exchange Act Claims

    Karen Hoffman Lent

    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.

  • 5 Questions To Ask Firm Before Accepting A Litigation AFA

    Gregory Lantier

    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.

  • Opinion

    Why You Should Argue Your Appeal

    Stewart Milch

    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.

  • Opinion

    Meritless FTC Case Against Qualcomm Will Harm Consumers

    James Skyles

    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.

  • 6 Ways Teaching A Law School Class Can Benefit Lawyers

    Steven Allison

    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.

  • Early Lessons From The DOJ Auto Parts Investigation

    Jon Tomlin

    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.

  • An Antitrust Reminder For Membership Organizations

    Brian Schneider

    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.