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Page 95 of 155

UBS AG Foots $135 Million Bill To Settle Currency Antitrust Case

Posted  03/13/15
By Hamsa Mahendranathan UBS AG reached a $135 million settlement with plaintiffs today in the In re Foreign Exchange Benchmark Rates Antitrust Litigation in the U.S. District Court for the Southern District of New York. UBS AG is the second bank to settle in this case—JPMorgan Chase & Co. settled with plaintiffs for $99.5 million in late January.  In addition to the settlement payments, both UBS AG and...

Tagged in: Antitrust Litigation,

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The Antitrust Week In Review

Posted  03/9/15
Here are some of the developments in antitrust news this past week that we found interesting and are following. SolarCity Sues Arizona Utility For Antitrust Violations.  SolarCity, a San Mateo based solar company filed a lawsuit in federal court in Arizona alleging that the Salt River Project, a utility based in Arizona, violated antitrust laws.  SolarCity is alleging that the utility has sabotaged the ability of...

Tagged in: Antitrust Litigation,

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The Antitrust Week In Review

Posted  03/2/15
Here are some of the developments in antitrust news this past week that we found interesting and are following. U.S. Asks If Comcast, Time Warner Cable Restricted Video Deals.  Federal regulators vetting Comcast Corp.’s proposal to buy Time Warner Cable Inc. want to know if the cable giants tried to restrict Walt Disney Co. and other entertainment providers from offering programs to rival online video outlets. ...

Tagged in: Antitrust Litigation, Antitrust Policy,

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Federal Court Rings Down The Curtain On Baltimore-D.C. Rock Promoters’ Antitrust Case Against Live Nation

Posted  02/27/15
By Allison F. Sheedy A long-running antitrust battle of the bands between a Baltimore-D.C. area regional concert promoter and venue operator and the concert colossus Live Nation got the hook in the U.S. District Court of the District of Maryland last week when Judge J. Frederick Motz ruled that the plaintiffs had not presented evidence that Live Nation had violated the antitrust laws. Although the court found...

Tagged in: Antitrust Litigation,

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Supremes Nix Antitrust Immunity For Unsupervised State Boards In Dental Case

Posted  02/26/15
By Allison F. Sheedy The Supreme Court sided with the FTC yesterday in North Carolina State Board of Dental Examiners v. Federal Trade Commission, a much anticipated decision that sets limits on state-action immunity from federal antitrust laws. In a six-to-three decision authored by Justice Kennedy, the Court held that when a nonsovereign actor, such as a state regulatory board, is controlled by active market...

Tagged in: Antitrust Litigation,

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February 25, 2015

Partner Matthew Cantor was quoted in Modern Healthcare article, Supreme Court ruling carries implications for regulatory boards. Click here to read the article.

The Antitrust Week In Review

Posted  02/23/15
Here are some of the developments in antitrust news this past week that we found interesting and are following. American Express Violated Antitrust Laws, Judge Rules.  In a 150-page opinion, Judge Nicholas G. Garaufis of the U. S. District Court for the Eastern District of New York ruled that American Express’s practice of prohibiting any merchant that accepts its cards from encouraging customers to pay with...

Tagged in: Antitrust Enforcement, Antitrust Litigation,

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Sysco’s “Fix-it-First” Foray Fails To Forestall Food Fight With FTC

Posted  02/20/15
By Allison F. Sheedy The U.S. Federal Trade Commission announced yesterday that it is challenging the merger of the nation's two largest food distributors, US Foods, Inc. and Sysco Corporation. By a split vote, the FTC decided to file an administrative complaint and to authorize its staff  to go to federal court to seek a temporary restraining order and a preliminary injunction to prevent the parties from...

Tagged in: Antitrust Enforcement, Antitrust Litigation,

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February 20, 2015

Jeff Shinder, Managing Partner of Constantine Cannon’s New York office was quoted in the following articles:
  • According to a ruling by a Federal judge the American Express Co. violated the United Sates anti-trust law,MicroCap Observer;
  • Judge rules against American Express in antitrust case, RetailDIVE;
  • American Express Policies Harm Merchants and Competition, Court Rules, Capital OTC; and
  • Federal Court Finds American Express Guilty in Antitrust Lawsuit, Highlight Press.

February 19, 2015

Jeff Shinder, Managing Partner of Constantine Cannon’s New York office was quoted in the following articles:
  • American Express Violated Antitrust Laws, U.S. Judge Rules, New York Times; and
  •  AmEx Shows Small Market Shares Carry Antitrust Risks; Law360.
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