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Arctos Capital Accuses Anonymous Commodities Traders of Collusion

Posted  05/18/11
Several anonymous commodities traders are being accused of manipulating trades for futures contracts in a multi-million dollar conspiracy to keep commodities trading firm Arctos Capital from participating in the market In Arctos Capital LLC v. John Does 1-5, Arctos Capital is seeking $60 million in damages from several anonymous traders of continuous commodities index (“CCI”) futures contracts for allegedly...

“Big Four” May Face Big Trouble In Britain

Posted  05/16/11
Britain's Office of Fair Trading (“OFT”) will announce this month whether it is investigating market dominance of the “Big Four” accounting firms – Deloitte LLP, Ernst & Young LLP, PricewaterhouseCoopers LLP and KPMG LLP. The investigation would follow a House of Lords Economic Affairs Committee report entitled “Auditors: Market concentration and their role,” released in late March criticizing the big...

Bob Marley May Have Shot The Sheriff, But He Is Not A Product Market

Posted  05/13/11
Bob Marley may have been the first Reggae superstar and the writer of such hits as I Shot The Sheriff, but he is not a product market, according to a California federal judge. The U.S. District Court for the Central District of California has dismissed the antitrust claims in Rock River Communications Inc. v. Universal Music Group Inc., rejecting Rock River’s theory that reggae music – and Bob Marley in...

Novell’s Antitrust Claim Against Microsoft Is Reborn Just As Feds’ Oversight Expires

Posted  05/11/11
Although Microsoft’s epic antitrust battle with the U.S. Department of Justice officially comes to an end tomorrow, with the expiration of the government’s decade-long oversight of the software giant, Microsoft has learned that another antitrust challenge has just received a new lease on life. The United States Court of Appeals for the Fourth Circuit has revived the antitrust action Novell filed against...

European Enforcers Eye Credit Default Swaps

Posted  05/9/11
The European Commission (“EC”) is commencing two antitrust investigations of the market for credit default swaps (“CDS”). The EC investigations follow a similar investigation by the United States two years ago.  CDS, often vilified as a prime catalyst of the global financial crisis, are financial instruments that provide investors with protection in the event the subject entity defaults on payments.  For...

Mexican Feds Hit Mobile Phone Provider With $1 Billion Phone Bill

Posted  05/6/11
Mexico’s Federal Competition Commission has whacked Telcel – Mexico’s largest mobile phone provider – with a $1 billion fine for using “substantial market power” to unfairly increase its competitors’ costs. According to the Commission, Telcel charged its competitors interconnection fees for calls terminating on its network that were higher than fees paid for calls made within Telcel’s...

Software Illustrators Draw Up Complaint Against Adobe

Posted  05/5/11
Adobe Systems Inc. has been hit with an antitrust class action in federal court by Free FreeHand Corp., a non-profit group, and graphic design professionals and consumer users of FreeHand, the vector-graphic illustration software product acquired by Adobe several years ago. The complaint in Free FreeHand Corp. et al. v. Adobe Systems Inc., 5:11-cv-02174 (N.D. Cal.), alleges monopolization in violation of the...

Curtain Falling On Feds’ Long-Playing Epic Antitrust Battle Against Microsoft

Posted  05/5/11
The sun will soon set on the epic antitrust battle between the U.S. Department of Justice (“DOJ”) and Microsoft. The DOJ’s mammoth case against the software giant began 13 years ago, when the agency filed an antitrust complaint accusing Microsoft of using its market power to mercilessly pound its rivals.  The case was actively litigated until 2001, when the parties reached a settlement that provided for...

College Bowl Games May Face Playoffs With Antitrust Enforcers

Posted  05/3/11
The antitrust controversy surrounding college football’s Bowl Championship Series (BCS) is heating up. In the just the past two weeks, a group of law and economics professors asked the U.S. Department of Justice to commence an antitrust investigation of the BCS, and Utah’s attorney general vowed to bring an antitrust lawsuit. The BCS has, in recent years, drawn antitrust scrutiny from colleges, attorneys,...

U.S. Airways Seeks To Ground High-Flying Sabre

Posted  05/2/11
U.S. Airways is seeking to ground high-flying Sabre Holdings Corp. – which runs the largest U.S. global distribution system linking travel agents with airline fares and other services – for allegedly engaging in monopolistic acts. U.S. Airways has filed an antitrust lawsuit against Sabre in the U. S. District Court for the Southern District of New York.  The airline’s complaint in U.S. Airways, Inc., v....
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