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Competition

  • October 26, 2018

    EU Farmers Benefit From Price-Fixing Enforcement: Report

    The European Commission published its first report Friday on the agricultural sector's competition rules, concluding that regulatory authorities can help farmers obtain better conditions when selling their products to large buyers by educating them and cracking down on price-fixing agreements.

  • October 26, 2018

    Hausfeld, Susman Win $63M In Attys' Fees In Libor MDL

    Susman Godfrey LLP and Hausfeld LLP won nearly $63 million in attorneys' fees Thursday out of a $340 million settlement resolving allegations in multidistrict litigation that Deutsche Bank AG and HSBC Inc. were involved in a scheme to manipulate the London Interbank Offered Rate for short-term loans.

  • October 26, 2018

    EU To Probe Ryanair-Frankfurt Airport Deal Over State Aid

    Discount flight giant Ryanair will have its operations at Germany's Frankfurt-Hahn airport placed under a microscope after the European Commission announced a probe Friday into whether the company’s agreements provide unfair state support.

  • October 26, 2018

    NCAA Denied New Witness Proffer In Compensation Suit

    A California federal judge has denied an "offer of proof" of new witness testimony from the NCAA after the close of a landmark antitrust bench trial over the organization's rules limiting athlete compensation, ruling that the issues in the offer go well beyond the NCAA's pretrial disclosures and the offer is untimely.

  • October 26, 2018

    Payment Processor Drops Noncompete In Deal With NY AG

    A payment processing service firm in upstate New York has agreed to stop using and enforcing noncompete agreements against its current, former and future employees as part of a settlement with the New York attorney general’s office, according to a statement from the office Friday.

  • October 26, 2018

    Investors Need More Info To Name VIX Manipulators In MDL

    Chicago Board Options Exchange investors want a head start on discovery in multidistrict litigation against Cboe Global Markets Inc. for allegedly manipulating its volatility index, arguing in an Illinois federal court brief that they need limited early discovery to identify the traders who actually manipulated the index.

  • October 26, 2018

    EU Says Sony's $2.3B EMI Deal Won't Hurt Streaming Services

    Europe’s competition enforcer said Friday it has cleared Sony Corp.’s planned $2.3 billion purchase of a controlling interest in music publisher EMI from its investment partner, after finding the deal would not give Sony too much power over online streaming services.

  • October 26, 2018

    'Cartel' Traders Cleared Of Forex-Rigging

    A Manhattan federal jury on Friday acquitted three former foreign exchange traders for Barclays PLC, Citigroup Inc. and JPMorgan Chase & Co. of forex-rigging charges, rejecting claims they used a chatroom dubbed “the cartel” to suppress competition.

  • October 25, 2018

    'Cartel' Traders Deny Forex Collusion As Case Heads To Jury

    Attorneys for three former foreign exchange "cartel" traders for Citigroup Inc., JPMorgan Chase & Co. and Barclays PLC on Thursday made their final pleas to jurors weighing criminal forex-rigging accusations, saying there's no evidence of an agreement between them to fix prices in the euro-U.S. dollar spot market.

  • October 25, 2018

    EU Court Rejects Bid To Stop Publication Of Euribor Decision

    A European Union court refused Thursday to prevent the European Commission from publishing its decision to impose €485 million ($520 million) for manipulating a key benchmark interest rate despite protests from Credit Agricole and JPMorgan

  • October 25, 2018

    FCC Again Denies Foes Of CBS-Entercom Merger

    The Federal Communications Commission in a decision released Thursday again refused to challenge the merger of CBS Radio with Entercom Communications Corp. over a broadcaster’s allegations of “news distortion” purportedly rampant at CBS.

  • October 25, 2018

    Uber Says Limo Co.'s Counsel Is Conflicted, Wants DQ

    Uber Technologies Inc. on Wednesday asked a California federal court to disqualify Keller Lenkner LLC from representing a proposed class accusing the ride-hailing company of unfairly stealing business from traditional taxi companies, saying one of the firm's attorneys previously worked closely with Uber.

  • October 25, 2018

    Mushroom Farm Renews Bid To Ax Winn-Dixie Antitrust Suit

    A mushroom farm has vigorously defended its move to dismiss Winn-Dixie's complaint accusing it of conspiring with a cooperative to fix prices, claiming a Pennsylvania federal judge never fully addressed the farm’s arguments and blasting the supermarket for suggesting otherwise.

  • October 25, 2018

    Phone Buyers Tell 9th Circ. To Reject Qualcomm Cert. Appeal

    A group of cellphone buyers is urging the Ninth Circuit to reject Qualcomm's appeal of class certification of roughly 250 million cellphone buyers who allegedly paid overages stemming from the chipmaker's anti-competitive licensing practices, arguing that the company may only challenge certification after the suit runs its course.

  • October 25, 2018

    Amerigas Says 8th Circ. Ruling Dooms Antitrust Suit

    Amerigas has urged a Missouri federal court to hand it a win in multidistrict litigation accusing the propane giant of conspiring with competitor Ferrellgas to fix prices, saying indirect purchasers of its gas don't have a case after the Eighth Circuit nixed their federal antitrust claims.

  • October 25, 2018

    Gazprom Targets Ukraine Over $6B Antimonopoly Fine

    Russian natural gas giant Gazprom said Thursday it has kicked off arbitration against Ukraine challenging a $6 billion fine imposed by the country's Antimonopoly Committee for allegedly abusing its position in the Ukrainian gas transit market.

  • October 25, 2018

    Exforge Generic Deal Is Clear Antitrust Violation, Court Told

    A proposed class of drug buyers told a New York federal court Wednesday that an agreement between Novartis Pharmaceuticals Corp. and Par Pharmaceutical Inc. that allegedly delayed the launch of a generic version of hypertension medication Exforge is illegal on its face and doesn’t need a closer look.

  • October 25, 2018

    Deutsche Bank, HSBC Seal $340M Deal To Exit Libor MDL

    Deutsche Bank AG and HSBC Inc. won final approval Wednesday of two settlements totaling $340 million that allow them to exit multidistrict litigation accusing numerous banks of manipulating one of the world’s leading benchmarks for interest on short-term loans, the London Interbank Offered Rate.

  • October 25, 2018

    Full DC Circ. Won't Rehear Railroads' Amtrak Metrics Row

    The full D.C. Circuit on Wednesday declined to review a split panel's July decision reinstating a federal statute allowing Amtrak to help the Federal Railroad Administration set performance and scheduling standards along the nation's railways.

  • October 24, 2018

    Car Dealers, Data Mgt. Co. Reach $29.5M Partial Settlement

    Car dealerships filing a class action over two companies’ alleged monopoly over the dealer data management systems market have reached a $29.5 million settlement to resolve claims against one of those two companies, Reynolds and Reynolds.

Expert Analysis

  • Series

    Winner's Playbook: Behind The Scenes Of The AmEx Case

    Evan Chesler

    In June, the U.S. Supreme Court issued a pivotal antitrust decision in Ohio v. American Express. Three partners at Cravath Swaine & Moore LLP who represented AmEx explain how one of the most significant antitrust enforcement actions in recent history led to a landmark precedent for two-sided platforms.

  • Opinion

    FTC's Public Hearings Will Be Valuable

    David Balto

    On Thursday, the Federal Trade Commission began a series of hearings on competition and consumer protection in the 21st century. These events are an important first step in guiding enforcement priorities, says David Balto, a former policy director of the FTC Bureau of Competition.

  • In Calif., Questions Remain On Law Firm Conflict Waivers

    Richard Rosensweig

    In Sheppard Mullin v. J-M Manufacturing Co., the California Supreme Court ruled last month that a law firm's failure to disclose a known conflict with another current client did not categorically disentitle the firm from recovering fees. But the court didn’t provide hoped-for guidance on how to write an enforceable advance conflict waiver, says Richard Rosensweig of Goulston & Storrs PC.

  • Q&A

    A Chat With Faegre Client Development Chief Melanie Green

    Melanie Green

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Melanie Green, chief client development officer at Faegre Baker Daniels LLP.

  • Structuring Investigations In Light Of UK Privilege Case

    Mark Beeley

    The English Court of Appeal's much-anticipated decision in Eurasian Natural Resources Corporation means that companies will continue to face difficulties in obtaining the information they need to investigate suspected wrongdoing, without losing the benefit of legal advice privilege under English law, say Mark Beeley and Rebecca Dipple of Orrick Herrington & Sutcliffe LLP.

  • Foreign Investments In German Cos. Face Increased Scrutiny

    Daniel Wiedmann

    Tighter rules for the Committee on Foreign Investment in the United States have been echoed in Germany, and further changes are on the way. Recent developments show that the German government does not shy away from blocking foreign investments, says Daniel Wiedmann of P+P Pöllath + Partners.

  • Q&A

    Back To School: Widener's Rod Smolla Talks Free Speech

    Rodney Smolla

    In this new series featuring law school luminaries, Widener University Delaware Law School dean Rodney Smolla discusses teaching philosophies, his interest in First Amendment law, and arguing before the U.S. Supreme Court in Virginia v. Black.

  • The Potential Reach Of High Court's AmEx Antitrust Analysis

    Barry Reingold

    As lower courts decide whether to apply the U.S. Supreme Court's AmEx decision to other types of two-sided markets, the key question will be whether allegedly anti-competitive conduct on one side of a platform may be credibly constrained by indirect network effects on the other, say Barry Reingold and David Chiappetta of Perkins Coie LLP.

  • New Pass-Through Deduction Will Pass Over Many Lawyers

    Evan Morgan

    A few weeks ago, the IRS proposed regulations related to the Tax Cuts and Jobs Act's 20 percent deduction on qualified business income for pass-through entities. The guidance offers long-awaited clarity, but is mostly bad news for many law firms, says Evan Morgan of Kaufman Rossin PA.

  • How Reckless Judicial Impeachments Threaten Rule Of Law

    Jan van Zyl Smit

    Judicial impeachment fever seems to be spreading through the states, with West Virginia legislators recently voting to remove their state's entire Supreme Court, and lawmakers in Pennsylvania and North Carolina threatening the same. These actions are a serious threat to judicial independence, says Jan van Zyl Smit of the Bingham Centre for the Rule of Law.