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Page 142 of 155

Gulf Crisis Trumps Antitrust Concerns

Posted  06/18/10
Cooperation among competitors is usually the kind of activity that raises antitrust concerns.  However, with thousands of barrels of dirty crude oil spilling into the Gulf of Mexico on a daily basis, the head of Federal Trade Commission is seeking to ease concerns that cooperation among competing energy companies to help the federal government solve the crisis in the Gulf would face scrutiny under federal antitrust...

Tagged in: Antitrust Enforcement,

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Canadian Supremes Nix DRAM Makers’ Appeal

Posted  06/16/10
The Supreme Court of Canada has denied defendants leave to appeal from the British Columbia Court of Appeal’s certification decision in Pro-Sys Consultants Ltd. v Infineon Technologies AG – the DRAM price-fixing class action. The B.C. Court of Appeal's earlier decision certifying a class of direct and indirect purchasers of DRAMs (semiconductor memory chips also known as “dynamic random access memory”)...

Tagged in: International Competition Issues, Price Fixing,

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German Coffee Companies Get A Wake-Up Call For Price-Fixing

Posted  06/14/10
The Bundeskartellamt, Germany's version of the U.S. Department of Justice Antitrust Division, has announced it is fining eight coffee roasters 30 million euros ($35.9 million) for illegally fixing the price of wholesale coffee sold to bulk customers such as restaurants and hotels. Bundeskartellamt President Andreas Mundt spoke strongly about the need for antitrust regulation, saying that "cartels ... are highly...

Tagged in: Antitrust Enforcement, International Competition Issues, Price Fixing,

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It's Sunny Side Up In Philadelphia For Plaintiffs In Egg Price-Fixing Settlement

Posted  06/10/10
While it may not really be always sunny in Philadelphia, it’s certainly a bright day for plaintiffs in the In re Processed Eggs Antitrust Litigation, who have announced that Land O’Lakes Inc. and two of its subsidiaries, Moark and Norco Ranch Inc., have agreed to settle the egg price-fixing case in the Eastern District of Pennsylvania for $25 million and a promise to cooperate in litigation against the remaining...

Tagged in: Price Fixing,

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Federal Enforcers To Come Under Senate Antitrust Subcommittee Microscope

Posted  06/3/10
On Wednesday afternoon, the Senate Antitrust Subcommittee will hold a general oversight hearing on the two federal antitrust enforcement agencies, the Department of Justice’s Antitrust Division and the Federal Trade Commission’s Bureau of Competition. The heads of these agencies, Assistant Attorney General for Antitrust Christine Varney and Federal Trade Commission Chair Jon Leibowitz will testify.  The...

Tagged in: Antitrust Enforcement,

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Apple May Become Punchline Of DOJ Investigation

Posted  06/1/10
Maybe comedian Jon Stewart had a point about Apple.  Last month, he chastised the chic technology company, saying: “You guys were the rebels, man, the underdogs – people believed in you!  But now, are you becoming … The Man?” It seems that the U.S. Department of Justice might agree.  According to the New York Times, the DOJ is investigating Apple for using its successful iTunes online music store to...

Tagged in: Antitrust Enforcement, Price Fixing,

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Hamptons’ Real Estate Brokers Find Exclusivity Has Its Price

Posted  05/27/10
Although the Hamptons may be renowned as an exclusive vacation spot on New York’s Long Island, its real estate brokers may be getting some unwanted attention from the U.S. Department of Justice for expanding that exclusivity into the way they do business. Apparently, the real estate industry has attracted the attention of antitrust investigators because of an online listing service – OpenRealNet Exchange, run...

Tagged in: Antitrust Enforcement,

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Merchants On Verge Of Big Win In Debit And Credit Card Fee War

Posted  05/25/10
Merchants in the United States are on the verge of a significant victory in their long struggle to limit credit and debit card fees. The Senate has approved an amendment to its financial reform bill that curtails the power of the card issuers in significant ways, including requiring that the “interchange fees” charged by banks on fees on debit card transactions be “reasonable and proportional to the actual”...

Tagged in: Antitrust Legislation, Price Fixing,

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American Needle Scores Touchdown Against NFL In Supreme Court

Posted  05/24/10
The U.S. Supreme Court ruled in favor of plaintiff American Needle and a more expansive view of the scope of antitrust law today with what may well turn out to be a landmark opinion in the much anticipated case of American Needle, Inc. v. National Football League. The decision rejects the lower courts’ broad grant of immunity to joint ventures from the conspiracy prohibition of § 1 of the Sherman Antitrust...

Tagged in: Antitrust Enforcement, Intellectual Property Law and Antitrust,

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FTC Passes On Challenging Google-AdMob Merger

Posted  05/24/10
Antitrust enforcement is not going mobile, at least as of today. On Friday, the Federal Trade Commission decided not to challenge to Google’s $750 million purchase of AdMob, which places electronic advertisements on cell phones and other mobile devices. According to the FTC, the decision was “a difficult one because the parties currently are the two leading mobile advertising networks, and the Commission was...

Tagged in: Antitrust Enforcement,

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