A Manhattan federal judge last week dismissed several requests made by plaintiffs pursuing damages for Libor manipulation, but did allow them to add new allegations to support their claim of a relationship between the benchmark and a derivative.
We’re reporting from the Delaware federal courthouse in downtown Wilmington this morning, as the Department of Justice faces off against the top-flight litigators hired to defend the merger of two companies that dispose of radioactive waste. Watch for coverage of opening statements in the GCR briefing this afternoon. In other news, Libor plaintiffs have been grudgingly granted one point on which to re-plead; Becton Dickinson is buying Bard but could have an old opponent reviewing the deal; and third-party presidential candidates are still arguing that their exclusion from debates is an antitrust problem.
Commissioners at a US trade regulator sought guidance yesterday on whether a complainant bringing suit under US trade law must show antitrust injury from an alleged price-fixing scheme, and at least two indicated that they saw no such requirement in the law.
And now for something completely different. It’s a Commission, but it’s not the Federal Trade or Communications ones. We’ve got coverage from yesterday’s International Trade Commission tackling an antitrust issue.
A former adviser to Federal Trade Commission chairman Tim Muris, McDermott Will & Emery partner Bilal Sayyed calls on President Donald Trump to permanently appoint current acting FTC chairman Maureen Ohlhausen for a positive agenda consistent with his administration’s efforts to reform the regulatory state.
Pearson Simon & Warshaw partner Bruce Simon will moderate the panel “To the ends of the earth? Extraterritorial application of cartel laws today” at next week’s second annual GCR Live Cartels.
Antitrust cases rarely make it all the way to trial, and even more rarely give a jury the opportunity to return a verdict.
The top doc today is of re-heated interest with the appointment of Andrew Finch as temporary head of the Department of Justice’s antitrust division, to become principal deputy once the Senate confirms Makan Delrahim. More recent are an essay by Doug Melamed – one of Finch’s predecessors as both principal deputy and acting assistant attorney general – and the Federal Trade Commission’s final pre-trial brief before clashing with 1-800 Contacts.
Frédéric Louis and Cormac O'Daly
Susan Ning, Hazel Yin and Han Wu
King & Wood Mallesons
Thomas Graf and Alexander Waksman
Cleary Gottlieb Steen & Hamilton LLP