The New York State Senate pushed the state’s groundbreaking antitrust bill a little bit closer to becoming a trailblazing law yesterday when it passed the proposed “Twenty-First Century Anti-Trust Act.”
On May 25, 2022, just days before the scheduled close of the legislative session, the State Senate passed the bill, S933C, by a vote of 36 to 25.
The bill now heads to the New York State Assembly. It must...
Pass-on Defences and Indirect Claims: Will UK Courts Apply the Same Antitrust Sauce to the Goose as to the Gander?
Posted 05/24/22
How the UK is sorting out the rights of direct and indirect purchasers to claim damages for anti-competitive conduct. By Richard Pike
It is well-established in economic literature that anti-competitive conduct may increase prices not only for direct purchasers but also for indirect purchasers. As UK courts are now demonstrating, however, determining who should be allowed to recover, and what each party must...
Antitrust Matters provides engaging and timely conversations about competition policy in the digital age. Antitrust has always mattered to consumers and businesses, and to antitrust lawyers and economists, but today it also is in the political and public discourse more than ever. From the prices we pay for food, travel, financial services, payments to the way we interact daily using digital apps and platforms,...
New York's Groundbreaking Antitrust Bill: An Overview
With the New York State legislative session scheduled to adjourn in a few weeks, the State Senate this week returned to work on New York’s groundbreaking antitrust bill.
On May 16 (S933B), and again on May 17 (S933C), the Senate amended New York’s proposed “Twenty-First Century Anti-Trust Act” (S933), the trailblazing legislation that would reshape the...
Here are some of the developments in antitrust news this past week that we found interesting and are following.
New Majority Gives F.T.C. a Chance to Push an Aggressive Agenda. The confirmation of a third Democrat to the Federal Trade Commission broke a partisan deadlock at the agency. That’s good news for Lina Khan, the agency’s chair and a Democrat. It is also a test. With the F.T.C.’s new Democratic...
Here are some of the developments in antitrust news this past week that we found interesting and are following.
U.S. Senate committee passes antitrust bill pressuring OPEC. A U.S. Senate committee passed a bill that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices. The No Oil Producing or Exporting Cartels (NOPEC) bill sponsored...
The Sherman Act Protects Competitors, the Ninth Circuit Reminds in Real Estate Case
Posted 05/10/22
By Harrison McAvoy
A recent decision from the United States Court of Appeals for the Ninth Circuit points out that the antitrust laws’ protections extend not just to end consumers, but to any person or business in a supply chain, and provides guidance to litigants on standards for pleading a per se group boycott under Section 1 of the Sherman Act.
In PLS.com v. National Association of Realtors, the Ninth...
Antitrust Matters Episode 5: The Intersection of Blockchain and Antitrust
Posted 05/9/22
Antitrust Matters provides engaging and timely conversations about competition policy in the digital age. Antitrust has always mattered to consumers and businesses, and to antitrust lawyers and economists, but today it also is in the political and public discourse more than ever. From the prices we pay for food, travel, financial services, payments to the way we interact daily using digital apps and platforms,...
Here are some of the developments in antitrust news this past week that we found interesting and are following.
Elon Musk's early Twitter stock buy under FTC scrutiny -The Information. Tesla Inc Chief Executive Elon Musk's initial 9% stake purchase in Twitter Inc is being probed by the Federal Trade Commission (FTC), The Information reported. The FTC is looking into whether Musk complied with an antitrust...
Despite Setbacks, Department of Justice Charges Full Speed Ahead in Litigating Labor Antitrust Cases
Posted 05/2/22
By James J. Kovacs
In the course of 24 hours, juries returned non-guilty verdicts for defendants in two criminal wage fixing and market allocation cases brought by the U.S. Department of Justice (“DOJ”).
Despite these setbacks, the DOJ shows no signs of slowing down its antitrust investigations and enforcement efforts in labor markets.
In United States v. Jindal et al., the DOJ alleged that the former...