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TOP NEWS Dental Supplier Calls FTC Case Textbook 'Regulatory Hubris'
A major U.S. dental supply company has accused the Federal Trade Commission of "severe hindsight bias" in the commission's suit alleging three suppliers conspired to spurn buying groups, asking an administrative law judge to toss the agency's action.
Jury Hears Ex-Barclays Trader's Worries As Gov't Case Ends
Jurors in the antitrust trial of three former foreign exchange traders for Citigroup, Barclays PLC and JPMorgan Chase & Co. units on Friday heard a recording of a former Barclays trader voice concern about his allegedly collusive trading behavior in the forex market as prosecutors wrapped up their witness testimony.
Pfizer Escapes Aussie Antitrust Watchdog's Lipitor Case
Australia’s High Court has rejected the nation’s competition watchdog’s efforts to revive an antitrust case accusing Pfizer of abusing its market power to maintain control of the Australian generic market for its blockbuster cholesterol drug Lipitor, the enforcer said Friday.
NCAA Athletes Rip 'Myth' Of Amateurism In Trial Closings
NCAA athletes on Friday blasted the association's rules limiting athlete compensation in written closing arguments of a landmark antitrust trial, arguing that fans won't stop watching college sports if athletes are paid and amateurism is an "economically invalid" myth.
Analysis What M&A Attys Must Know About Mandatory CFIUS Filings
A new pilot program will require inbound U.S. investments across nearly 30 industries to file with the Committee on Foreign Investment in the United States, a significant change from the previously optional process that could spur steep financial penalties for those who fail to comply. Here, Law360 outlines key aspects of the soon-to-be-instituted rule change.
EU Approves Microsoft's $7.5B Deal For GitHub
Europe's competition enforcer said Friday that it had approved Microsoft Corp.'s planned $7.5 billion purchase of code-hosting platform GitHub Inc. without conditions after finding that the software giant won’t be able to stop GitHub from providing users access to third-party tools.
Sprint-T-Mobile Merger Racks Up More Small-Biz Support
Sprint and T-Mobile's proposed combination has continued drawing support from small and rural stakeholders who say the deal will bring benefits of modern technology to neglected communities, most recently expressed in filings from the Vermont Business Roundtable and the Chattanooga Area Chamber of Commerce.
Canada Wraps Up Auto Parts Cartel Probe With INOAC Plea
Canada’s competition enforcer said Friday that it had concluded its investigation into an international conspiracy to rig bids on car parts, after it secured a guilty plea from a Japanese car parts manufacturer.
EU Approves €306M In State Aid For Greek Highway
The European Union’s competition watchdog on Friday gave its seal of approval for the use of €306 million ($352.3 million) in Greek public funds to construct a portion of a motorway in the country’s central region, saying the funding falls in line with applicable state aid regulations.
Singapore Banks Seek Redo On SIBOR Rigging Escape Bid
A group of Singapore-based banks, along with one based in Hong Kong, urged a New York federal judge on Thursday to reconsider a ruling that kept them in a suit over an alleged conspiracy to manipulate the Singapore Interbank Offered Rate, arguing that they don’t trade in the instruments at issue.
HTC Says Ericsson Is Dragging Its Feet In SEP Royalties Row
Cellphone maker HTC America Inc. urged a Texas federal court on Thursday to nudge Ericsson Inc. into turning over evidence related to its alleged overcharging for aging standard-essential patents, saying the Swedish telecom is dragging its feet while it awaits a ruling on whether certain antitrust claims can be arbitrated.
Duane Morris Wins $850K Cut Of $3.1M Auto Parts MDL Deal
Duane Morris LLP on Thursday saw a fee request granted by the Michigan federal judge overseeing multidistrict litigation surrounding an alleged conspiracy to stifle competition in the auto parts industry, scoring just under $850,000 from a $3.1 million deal cut with Robert Bosch GmbH and others.
Auto Group Investors Try To Ditch Antitrust, RICO Suit
Three auto group investors asked a Texas federal judge to toss an antitrust suit against them, saying the case should be tried in Oklahoma, where identical bid-rigging and racketeering claims in the foreclosure of their two dealerships are being heard in the Oklahoma Supreme Court.
Are You Ready For Your Congressional Investigation?
The Democratic Party is expected to take control of the House of Representatives next year, which will dramatically increase the congressional investigations risks for the private sector. Prime targets include pharmaceutical, financial services and technology companies, says Brian Smith of Covington & Burling LLP.
Series Trade Wars: Restricting Foreign Access To US Technology
The tech industry is now at the center of policies designed to protect U.S. technology from foreign access and influence — including not only restrictions on foreign investment, but also supply chain exclusions, limits on academic research, curbs on third-country technology transfers and measures against foreign control of key raw materials, says Hdeel Abdelhady of MassPoint Legal and Strategy Advisory PLLC.
Need Litigation Finance? Don't Skip These 5 Steps
The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.
Feature BigLaw Firms Quiet About Lobbying Ties To Saudi Arabia
Gibson Dunn & Crutcher LLP is the only major U.S. law firm to walk away from its lobbying relationship with Saudi Arabia after growing condemnation of its alleged involvement in a journalist's death, as five other major law firms are keeping quiet about their ties to the Middle Eastern kingdom so far. Kavanaugh Gets 7th Circ. As High Court Shuffles Assignments
The U.S. Supreme Court on Friday issued an order handing over Justice Elena Kagan’s Seventh Circuit assignment, which she had held since 2010, to newly confirmed Justice Brett Kavanaugh. Feature Chancery Closes Gender Gap, National Courts Moving Slowly
Delaware lawmakers caused a small stir earlier this month when they confirmed two veteran female attorneys to the state’s Court of Chancery, expanding the nationally important court by two seats while roughly closing the gender gap among its now-seven members for the first time. Interview GCs Should Take Hack Issues To The Feds, DHS Official Says
Jeanette Manfra, a top cybersecurity and communications official at the U.S. Department of Homeland Security, tells Law360 why she's inviting general counsel to trade information about cyberthreats with her office and discusses the department's plan to secure the upcoming federal and state elections. Labaton Says 1/3 Of Its Open Cases Include Referral Fees
Nearly one-third of Labaton Sucharow LLP’s open cases came to the firm through referral arrangements, according to a filing Thursday in Massachusetts federal court, offering a peek behind the curtain as the firm faces scrutiny for a payment to a Texas attorney uncovered in the ongoing State Street settlement fee fight. Philly Atty Says Neighboring Starbucks Flooded His File Room
A Philadelphia attorney sued his landlord and Starbucks Corp. in state court Thursday over a 2016 flood — allegedly caused by a pipe clogged with coffee grounds from a neighboring coffee shop — that destroyed archived client files kept in the lawyer’s basement storage room. Atty Urges Justices To Hear Suit Over Defamatory Yelp Review
A personal injury lawyer and her firm have urged the U.S. Supreme Court to review the California Supreme Court's split ruling that reverses an order requiring Yelp Inc. to take down defamatory reviews that a former client posted on the customer review site. Feature GC Cheat Sheet: The Hottest Corporate News Of The Week
Three separate surveys published recently identified the four firms that general counsel fear the most, revealed one in four professional women working in the legal industry experienced some form of sexual harassment or misconduct in the past five years and showed legal industry has a serious problem with bullying. These are some of the stories in corporate legal news you may have missed in the past week. Podcast Law360's Pro Say: No 11th-Hour Judicial Picks For Fla. Gov.
The Florida Supreme Court ruled this week that Republican Gov. Rick Scott couldn’t pick three new high court justices in his final hours in office, capping off a strange judicial showdown in the Sunshine State. Carolina Bolado, our senior Florida reporter, joins us on the Pro Say podcast to break it all down.
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