Constantine Cannon has extensive experience representing clients before numerous federal and state agencies, including the Department of Justice, the Federal Trade Commission, the Federal Communications Commission, the Federal Reserve Bank, and the Attorney General of every state active in antitrust enforcement. The firm has represented clients before the federal antitrust authorities in connection with a wide variety of government investigations and large high-profile mergers and acquisitions.
All of the firm’s attorneys have experience dealing with government lawyers and investigators, and a number of the firm’s partners are former government prosecutors. They include attorneys who have served in the Office of the Attorney General of New York State, the United States Attorney’s Office, and the New York Stock Exchange.
Some of the notable transactions in which the firm has represented clients before the federal antitrust agencies include:
The Acquisition of Chris-Craft Industries, Inc. by The News Corporation, Ltd.
Constantine Cannon successfully represented News Corp. in connection with the Department of Justice’s review of News Corp.’s $5 billion acquisition of Chris-Craft. In this transaction, News Corp. acquired VHF television stations in the cities of New York, Los Angeles and Phoenix. The firm convinced the Department to terminate its review of this transaction before the time period prescribed by the Hart-Scott-Rodino rules expired and to withdraw the Second Requests issued to the parties.
The Merger of TV Guide, Inc. with The Gemstar Corporation
Constantine Cannon successfully represented News Corp. in connection with the Department of Justice’s review of this transaction in which News Corp. received a 21% equity interest in the merged entity. The firm convinced the Department to narrow its Second Request, and to clear the deal, which the firm successfully argued would not substantially lessen competition in an alleged market for interactive programming guides.
The Acquisition of Star Systems, Inc. by Concord EFS, Inc.
Constantine Cannon successfully represented Concord EFS in its landmark acquisition of Star Systems, which was cleared after extensive investigation by the Department of Justice. Through this acquisition, Concord, a leading providers of electronic payment services, consolidated the STAR, MAC, and Cash Station ATM and point-of-sale debit networks, creating the nation’s largest online PIN-secured debit network and an integrated national provider of credit and debit card processing services.
The Acquisition of Electronic Payment Services, Inc. by Concord EFS, Inc.
Constantine Cannon successfully represented Concord EFS in its acquisition of Electronic Payment Services which was cleared after investigation by the Department of Justice. Through this acquisition, Concord acquired the MAC electronic payment services network, one of the country’s leading online PIN-secured debit networks.
The Acquisition of Heritage Media Corporation by The News Corporation, Ltd.
Constantine Cannon successfully represented News Corp. in connection with the Department of Justice’s review of News Corp.’s acquisition of Heritage Media. The firm convinced the Department that News Corp.’s acquisition of Heritage Media, and in particular its ActMedia subsidiary, did not pose a threat to competition because the in-store marketing services provided by News Corp.’s News America Marketing subsidiary and ActMedia competed in the broader marketing services market.
The Acquisition of Fox Family Worldwide, Inc. by The Walt Disney Company
Constantine Cannon successfully represented News Corp. in connection with the $5 billion sale of Fox Family Worldwide to Walt Disney. The firm, along with Disney’s counsel and foreign counsel in Argentina, Brazil, Canada, Columbia, and Mexico, determined whether filings were necessary under the various pre-merger notification laws of the many jurisdictions implicated in the deal.