A high-stakes case at Britain’s highest court that ended in defeat for top poker player Phil Ivey is a seismic ruling with huge ramifications for criminal law and individuals accused of fraud, lawyers say, as it hands more power to prosecutors ahead of several major trials where bankers stand accused of rigging rates and markets.
Tyson Foods Inc. on Friday urged an Illinois federal judge to toss an antitrust lawsuit over broiler chickens originally brought in Florida, describing the purported chicken price-fixing conspiracy alleged by Chicken Kitchen USA LLC as "bare bones" and without a legal claim.
The U.K.’s primary competition authority said Friday that it will now be the first point of contact for companies in any industry looking to provide information about cartel activity in exchange for leniency, centralizing a process that had fallen to the country’s individual sector regulators.
A split Tenth Circuit panel declined to reconsider its decision upholding the toss of a $6.3 million jury verdict against Cox Communications in a suit alleging the company illegally tied the rental of set-top boxes to its premium interactive cable services, according to an order issued Thursday.
An Uber customer accusing the ride-hailing company of fixing prices told a New York federal court Wednesday that new evidence about default smartphone settings proves he likely didn’t see a hyperlink to terms that forced him into arbitration, urging the judge to allow further fact-finding on the issue.
A Florida federal judge on Thursday ordered Alcon Laboratories to produce communications between a doctor and a high-ranking employee that consumers say may be "highly relevant" to countering one of the company's primary defenses in antitrust litigation over purported price-fixing of disposable contact lenses.
A group of attorneys general told the Federal Communications Commission they object to Sinclair Broadcast Group Inc.’s proposed acquisition of Tribune Media Co., saying Thursday the deal should be either blocked or delayed until a related D.C. Circuit case is decided.
K&L Gates LLP said Thursday it hired a former Steptoe & Johnson LLP international trade pro as a partner in its Washington, D.C., office, bolstering the firm’s capabilities in intellectual property, antitrust and cross-border trade matters.
Wal-Mart Stores Inc. and Visa Inc. have struck an accord in multidistrict antitrust litigation over card-swiping fees, according to a pair of stipulations filed in New York federal court Thursday.
Increasing industry consolidation could have a detrimental effect on workers’ mobility in the marketplace and suppress wages, and must receive sufficient consideration during the merger review process, Sen. Cory Booker, D-N.J., said in a letter Wednesday to U.S. Department of Justice and the Federal Trade Commission officials.
Two units of Brazilian engineering conglomerate Odebrecht SA asked a New York federal judge to dismiss securities fraud claims brought by a group of hedge funds, saying the funds haven’t adequately shown harm.
The U.S. Department of Justice is preparing for litigation challenging AT&T’s planned $85 billion purchase of Time Warner in case settlement talks over the megadeal's competitive effects fall through, a source close to the matter told Law360 on Thursday.
The U.S. Federal Trade Commission reported Wednesday that pay-for-delay patent settlements between brand and generic-drug manufacturers declined from 2014 to 2015, continuing a sharp decline of such deals following the high court’s 2013 Actavis decision.
The U.S. Department of Justice has received an offer from industrial equipment manufacturer Parker Hannifin to sell the aviation fuel filtration business at the center of the agency’s post-closing challenge to its $4.3 billion Clarcor acquisition, a source with knowledge of the case told Law360 on Thursday.
A media advocacy group on Thursday called on state attorneys general to take a microscope to Sinclair Broadcast Group Inc.’s proposed acquisition of Tribune Media Co., saying that the deal will hamper competition and result in higher retransmission fees in each of the states where Sinclair operates.
The Senate Judiciary Committee approved a bill Thursday that would heighten protections for whistleblowers who report antitrust violations, allowing them to sue in court if they are fired, demoted or otherwise retaliated against.
Footwear maker USA Dawgs Inc. on Tuesday objected to an order requiring it to produce additional financial statements in its severely trimmed suit accusing Crocs Inc. leadership of fraudulently obtaining patents, arguing that the information is no longer relevant given the narrowed scope of the case.
Entercom Communications Corp. said Wednesday that it has reached a settlement with the U.S. Department of Justice that will allow its planned $1.6 billion merger with CBS Radio Inc. to move ahead after it cut deals to exchange stations in several markets.
The Federal Trade Commission and a putative class of cellphone purchasers asked a California federal court on Tuesday to request help from the Finnish government in securing documents from Nokia in parallel litigations over Qualcomm’s patent licensing practices, a day after Qualcomm made a similar request for its defense.
A Massachusetts federal judge on Tuesday clarified his order forcing a New England fishing industry giant known as the "Codfather" to forfeit four boats and 34 fishing licenses to the United States, slapping down federal prosecutors’ argument that he was wrong to think $200,000 was the maximum fine allowable under sentencing guidelines.
The Federal Trade Commission's two members faced off Wednesday over the agency's role in regulating net neutrality, with the Republican chairman saying the FTC can handle the job and a Democratic commissioner saying the matter should stay with the Federal Communications Commission.
Despite the unique and critical need for collaboration among competitors following Hurricanes Harvey and Irma and other natural disasters, these events are not an invitation for businesses to ignore antitrust laws, say Meytal McCoy and Jessica Michaels of Mayer Brown LLP.
Imagine going to a restaurant and ordering your steak medium-rare. The steak arrives burned. You expect the kitchen to bring you another one properly done, right? And you don’t expect to pay for two steaks, do you? Paying a vendor for document review should be no different, says Lisa Prowse, an attorney and vice president at e-discovery firm BIA Inc.
Although presidential intervention to block a planned acquisition is relatively rare, President Donald Trump’s executive order last week blocking Canyon from acquiring Lattice was not especially surprising in light of recent precedent, the cautious approach of the Committee on Foreign Investment in the United States, and public statements by the Trump administration regarding China, say attorneys with Ropes & Gray LLP.
The Washington state attorney general’s recent lawsuit to thwart and unwind the most recent expansion efforts of Franciscan Health System serves as a reminder that health care providers’ growth-through-acquisition strategies can be subject to antitrust scrutiny, regardless of the size of individual transactions, say attorneys with Mintz Levin Cohn Ferris Glovsky and Popeo PC.
On the whole, U.S. antitrust agencies have demonstrated less concern over big data than their European counterparts. This is not to say, however, that big data will never present U.S. antitrust issues, say Lesli Esposito and Brian Boyle of DLA Piper.
While some proposed changes to the Committee on Foreign Investment in the United States may be justified, others could undermine confidence in CFIUS as an unbiased institution acting in a fair and even-handed manner, says DJ Rosenthal, co-chairman of the CFIUS advisory practice at Kroll Associates.
Although the Trump administration has completed the vetting and confirmation of a cabinet and White House staff, thousands of senior positions remain unfilled throughout the executive branch. More than ever, people selected for those posts find themselves under close scrutiny, say Adam Raviv and Reginald Brown of WilmerHale.
Maureen Ohlhausen, the acting chairman of the Federal Trade Commission, recently delivered a sobering attack on the agency, noting that it and other antitrust agencies have “lost sight of core antitrust principles.” From such a highly competent federal official who is also a recognized legal scholar, this critique deserves our full attention, says David Teece, chairman of Berkeley Research Group LLC.
The European Court of Justice's judgment in the Intel case last week may play an important role in a number of high-profile European Commission investigations of alleged abuses of dominant positions, particularly in the technology and pharmaceutical sectors, say Ian Giles and Jay Modrall of Norton Rose Fulbright.
On the day of my first argument at the U.S. Supreme Court, after I survived the security screening process, I found myself in the lower-level hall where the statue of Chief Justice John Marshall is located. On the advice of a colleague, I rubbed Marshall’s shoe for good luck, says John Bursch, former solicitor general of Michigan.