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China’s Record $1 Billion Fine Against Qualcomm Could Signal A Tough New Antitrust Cop On The Block

Posted  02/17/15
A View from Constantine Cannon’s London Office By Yulia Tosheva and James Ashe-Taylor China’s imposition of a nearly $1 billion fine on Qualcomm, the world’s largest supplier of smartphone chips, is noteworthy not just because it is a record-breaking antitrust fine for China, but also because it serves as a warning for international companies that antitrust enforcement now spans the globe. As reported...

The Antitrust Week In Review

Posted  02/16/15
Here are some of the developments in antitrust news this past week that we found interesting and are following. China Hits Qualcomm With Fine.  Qualcomm has agreed to pay a $975 million fine for violating China’s antimonopoly law.  As part of the deal, Qualcomm has also agreed to lower its royalty rates on patents used in China for high-speed wireless data, which will help smartphone makers in China. Expedia to...

FTC Convinces Ninth Circuit That Improved Patient Care Is No Cure For Anticompetitive Healthcare Merger

Posted  02/11/15
By Matthew L. Cantor The Federal Trade Commission (“FTC”) chalked up another victory against a healthcare merger yesterday as the U.S. Court of Appeals for the Ninth Circuit Court of Appeals affirmed the decision of the U.S. District Court for the District of Idaho blocking a merger between St. Luke’s Health System and a primary care physician (“PCP”) group in Nampa, Idaho. The appellate court’s...

European Antitrust Watchdogs Warn Of Uncertain Future For Pay-For-Delay Settlements

Posted  02/10/15
A View from Constantine Cannon’s London Office By Irene Fraile A recent lively discussion with European Commission competition officials indicates that antitrust enforcement is continuing to evolve to deal with the thorny issues raised by so-called “reverse-payment” or “pay-for-delay” patent litigation settlements designed to delay the sale of generic drugs. On January 29, 2015, Brussels Matters...

European Commission Fines London-Based Broker ICAP 14.9 Million Euros For Facilitating Yen Libor Cartels

Posted  02/9/15
A View from Constantine Cannon’s London Office By Yulia Tosheva and James Ashe-Taylor The European Commission (“EC”) has fined London-based ICAP, the world’s largest broker of interest-rate swaps, for facilitating bank cartels in the market for Yen-denominated interest rate derivatives. The EC already imposed heavy fines of 669 million euros on UBS, the Royal Bank of Scotland, Deutsche Bank, Citigroup...

The Antitrust Week in Review

Posted  02/8/15
Here are some of the developments in antitrust news this past week that we found interesting and are following. Staples and Office Depot Say a Merger Will Keep Them Competitive.  Staples and Office Depot are hoping to convince antitrust regulators that their $6.3 billion merger should be approved because the office supply world’s a different place from what it was in 1997, when their previous attempt to combine...

Fifth Circuit Rejects Jury Verdict Of Quarter Horse Conspiracy, Finding Elite Animal Registries To Be A Horse Of A Different Color

Posted  02/4/15
By Seth D. Greenstein A panel of the U.S. Court of Appeals for the Fifth Circuit has reversed a jury’s verdict that a horse breeding association illegally conspired with some of its members to exclude genetically cloned horses from its elite quarter horse breeding registry, holding the plaintiffs’ circumstantial evidence was insufficient to rebut an inference of independent conduct. The court in Abraham &...

Sysco May Be Selling “Fix-it-First” To Save Food Distributors’ Merger, But FTC May Not Be Buying

Posted  02/3/15
By Allison F. Sheedy Sysco Corp. announced a divestiture plan this week that it claims should address concerns of the Federal Trade Commission (the “FTC”) about the food behemoth’s proposed acquisition of US Foods, which would combine the two largest food distributors in the United States. Sysco, the nation’s largest food distributor, said on Monday that it is prepared to sell 11 US Foods distribution...

February 2, 2015

Partner Matthew Cantor was quoted in the Boston Business Journal article, Experts say AG Healey stands a good chance in lawsuit against Partners HealthCare.  Click here to read the article.
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