The extradition of an Italian national to the US on criminal antitrust charges was justified because it prevented an individual from escaping punishment for illegal conduct, a European Court of Justice advocate-general has said.
Lawyers for traders accused of rigging foreign exchange rates last week told the Manhattan federal court that the US Department of Justice cannot pursue their “wholly foreign” alleged conduct, and that the alleged conduct was procompetitive information-sharing rather than a per se restriction of competition.
Brazil’s antitrust watchdog has conducted dawn raids as part of a state prosecutor’s investigation into a suspected animal waste cartel.
The Department of Justice sued yesterday to block AT&T’s proposed acquisition of Time Warner, predicting that the world’s biggest telecommunications company would “use its control of Time Warner’s popular programming as a weapon to harm competition”.
GCR USA is taking a break for Thanksgiving, but we will be back in your inbox next Tuesday to catch you up on everything that happened over the holiday. Before we go, check out our coverage of the Department of Justice’s lawsuit to stop the merger between AT&T and Time Warner, as well as Bill Baer’s regrets about airline mergers.
Cornerstone Research London head Peter Davis and principal Maria Maher analyse patterns in the numbers of recent European Commission antitrust investigations – the apparent drop in cartel probes and the current flurry of investigations following the e-commerce sector inquiry.
The acting chairman of the US Federal Trade Commission has criticised the European Commission and other foreign enforcers for basing antitrust fines on companies such as Google on their turnover rather than on the damage done to competition, and for using the same method to calculate fines for abuse of dominance as for cartels.
Reed Smith has hired two Linklaters litigation partners, Joseph P Armao and Paul Alfieri, to its global regulatory enforcement group in New York.
Claudio Donato Monge and Marco López Volio
Daniel Pino Arroba and Paulette Ocampo
Alejandra Palacios Prieto
Paloma Alcántara and Fernando Carreño
Davit Akman, Ian Macdonald and François Baril
Gowling Lafleur Henderson LLP
Satyen Dhana, Christine Graham and Jacqueline Vallat
CMS Cameron McKenna (London)