The government shutdown has forced unpaid skeleton crews at the U.S. Department of Justice and the Federal Trade Commission to focus only on mergers with ticking review clocks, shunting others to the back of the line as the antitrust bar plays the waiting game.
UBS AG has agreed to pay $68 million in a settlement with 39 U.S. states and the District of Columbia for manipulating its London Interbank Offered Rate submissions in order to dodge bad publicity and benefit its trading positions, prosecutors said Friday.
A group of competition authorities in four countries on Thursday seconded the European Commission's concerns about the planned merger of Siemens AG's and Alstom SA's railway businesses.
A Manhattan federal judge on Wednesday suggested prosecutors retrace a five-year investigation into former Deutsche Bank AG traders accused of rigging the London Interbank Offered Rate and delineate it from work by the bank's counsel at Paul Weiss Rifkind Wharton & Garrison LLP.
Patent infringement lawsuits challenging generic drug applications aren’t automatically immune from antitrust claims, a New Jersey federal judge ruled Wednesday, refusing to toss counterclaims accusing Takeda Pharmaceutical Co. Ltd. of trying to illegally maintain its monopoly on a heartburn therapy with “sham” infringement claims.
A former Papa John's employee asked the U.S. Judicial Panel on Multidistrict Litigation to consolidate her proposed antitrust class action with the two others currently filed against the pizza chain over no-poaching agreements barring hiring or recruitment between franchises.
A London judge on Thursday ordered a former Barclays trader previously sentenced to eight years in prison for plotting to manipulate a key European interest rate benchmark to cough up £77,354 ($98,000) in criminal proceeds or face an additional three years of incarceration.
A Japanese airline was taken aback by accusations that it is working to keep witnesses away from the upcoming trial of the last airline remaining in long-running antitrust litigation over fares for trans-Pacific flights, stepping back into the case to rebut the allegations after settling out four years ago.
NBCUniversal, Sony Pictures and Warner Bros. have offered to get rid of anti-competitive movie deals in an effort to end an antitrust investigation, after Disney and Paramount made similar concessions, the European Commission announced Thursday.
Auto dealerships asked an Illinois federal judge on Wednesday to definitively sign off on their $29.5 million deal that would jettison Reynolds and Reynolds Co. from their class action alleging the auto software company conspired with another industry giant to monopolize the dealer data market.
The European Commission has tentatively accused major lenders including Deutsche Bank and Credit Suisse of breaching its antitrust laws by rigging prices for sovereign bonds and related debt, echoing civil claims brought in U.S. against a number of banking giants.
A New York federal judge Wednesday tossed a proposed class action from the so-called "Art Bastard," who claims New York museums conspire with art galleries to keep artists such as himself out, finding he failed to show that his work belongs in the museums but still allowing him another chance.
U.S. authorities must more rigorously enforce antitrust laws to deter competition-eroding conduct by dominant technology platforms, competition scholars told lawmakers Wednesday.
Two U.S. cotton companies that were handed an $8.9 million arbitration award in a dispute against an Indian yarn spinner told a California federal judge Wednesday that a litigation funder used by their opponent in association with the case should also be responsible for the judgment.
During 2018, the Federal Communications Commission freed up spectrum for new technologies, cracked down on robocallers and made infrastructure deployment speedier at the local level. Here’s a recap of some of the biggest telecom policy developments from the past year.
It was a big year for antitrust law, dominated by the first vertical merger challenge to go to court in 40 years, evolving market considerations, contentious technology patent licensing fights and more.
Generic-drug companies facing multidistrict litigation and ongoing probes into alleged price-fixing are tired of hearing about them in the news, according to a brief filed in Pennsylvania federal court Tuesday that argues state attorneys general offices have violated legal and ethical requirements to keep mum.
Thirty food retailers including Kmart, Dollar Tree and Family Dollar have cut Chicken of the Sea from massive multidistrict litigation in California federal court accusing packaged seafood producers of fixing prices for canned tuna.
A cocaine-based anesthetic that has been on the market since at least 2008 never received U.S. Food and Drug Administration approval, though generic-drug maker Lannett Co. Inc. has led buyers to believe otherwise, according to a suit filed Tuesday in a California federal court.
The U.K.’s competition watchdog said Wednesday that Thermo Fisher Scientific Inc. must address concerns that the company's $925 million planned purchase of Roper Technologies' electron microscopes services business may increase prices for university and other U.K. consumers who use electron microscopes.
Apple Inc. lost a bid to claw back documents it said were mistakenly disclosed during the discovery phase of a patent suit against competitor Qualcomm Inc., when a California federal judge upheld a magistrate’s ruling that the company had waived its right to keep the documents private.
Justices Samuel Alito and Neil Gorsuch on Monday floated the idea of overruling the high court’s landmark Illinois Brick decision, which limits federal antitrust standing to direct purchasers, during oral arguments in a case accusing Apple Inc. of monopolizing the market for apps sold on its devices.
The Serious Fraud Office has landed another mixed result in its prosecution of several former Barclays and Deutsche Bank traders for manipulating Euribor, the latest in the white collar specialist's latest effort to hold individuals accountable for rigging key benchmark interest rates. Here, Law360 looks at the highlights of the SFO's long-running campaign.
A D.C. federal judge has rejected the U.S. Department of Justice’s arguments that AT&T’s planned purchase of Time Warner would hurt competition and drive up consumer costs, dealing a major blow to the government’s first court challenge of a vertical merger in decades. Here, Law360 looks at how we got here, the key issues and highlights of the case.
By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.
Former U.S. Attorney for the District of Idaho Wendy Olson discusses her decades of experience prosecuting white collar crimes and civil rights violations, her work and challenges as U.S. attorney, and her move to private practice.
A Virginia federal court's recent ruling in Steves and Sons v. Jeld-Wen opens the possibility that a U.S. court would permit divestiture as a remedy in private litigation for a merger already closed years before, says Derek Dahlgren of Rothwell Figg Ernst & Manbeck PC.
Anthony Thompson’s "Dangerous Leaders: How and Why Lawyers Must Be Taught to Lead" explores the conflict many lawyers face when charged with the responsibility of leadership. The book is an excellent read for all lawyers, says U.S. District Chief Judge Nannette Jolivette Brown of the Eastern District of Louisiana.
If you read about the role of antitrust law in regulating the conduct of standard-essential patent owners, you may find yourself a bit confused over exactly what that role is. The current state of the law is more nuanced than recent discussions suggest, says Thomas Cotter, a professor at the University of Minnesota Law School.
Former Deutsche Bank trader Gavin Black was recently convicted of wire fraud and conspiracy in connection with Libor manipulation. However, absent from the government’s case were Black's statements made during internal investigations, which leaves open an important Fifth Amendment question, say Justin Shur and Eric Nitz of MoloLamken LLP.
Last week, the Federal Trade Commission held the third hearing in its series on competition in the 21st century, which covered multisided platforms, labor issues, and acquisitions in nascent markets. Attorneys with Perkins Coie LLP offer some key takeaways.
Trial lawyers are frequently taught that they should appear invisible during direct examination — that their job is merely to prompt the witness to start speaking. But the most powerful direct examinations are the ones in which the examiner, not the witness, is controlling the pace, say attorneys with Kobre & Kim LLP.
In antitrust cases, plaintiffs and defendants often debate whether a class can be certified if it contains uninjured persons and, if so, how many is too many. The First Circuit's decision this month in Asacol highlights the uncertainty across circuits about where to draw the line, say Alden Atkins and Ryan Will of Vinson & Elkins LLP.
Washington state's attorney general has reportedly reached agreements with 30 national chains to remove no-poach clauses from their U.S. franchise contracts. A flurry of private lawsuits has followed, and other states are beginning investigations. Franchises must prepare for scrutiny, say attorneys with Skadden Arps Slate Meagher & Flom LLP.