Three pension funds have sued a group of big banks for allegedly conspiring to prevent the modernisation of the $1.72 trillion stock loan market, in a bid to preserve their intermediary status on all trades.
The US Court of Appeals for the Second Circuit yesterday backed Uber, reversing a lower court's decision that the company's terms and conditions were not reasonably conspicuous.
Several big banks find themselves on the receiving end of a lawsuit in the stock loan market - the first antitrust case to be brought in that area - and Uber gets a win in federal appellate court that may allow it to resolve antitrust claims through arbitration. Happy Friday!
A federal judge dismissed a case regarding four hospitals operating as a network in Dayton, Ohio that allegedly prevented a rival hospital from competing, holding that the per se rule does not apply.
On 3 July 2017, the Federal Trade Commission issued a no-action letter officially closing its investigation into the proposed merger of Bass Pro Group and Cabela's, two premier outdoor sporting goods retailers. O'Melveny & Myers's Ted Hassi and Lindsey Freeman were antitrust counsel to Bass Pro, and detail how the FTC's decision reflects a recent trend in antitrust enforcement agencies' approach to retail mergers.
Shawn Cooley is a special counsel at Freshfields Bruckhaus Deringer in the firm's Washington, DC, office. A nine-year veteran of the Department of Homeland Security, he works on national security and foreign investment regulations in the antitrust and trade group, and will participate in a panel on public interest considerations during merger reviews at GCR Live in New York on 28 September.
How do you persuade customers to testify against the two dominant companies in an industry to help win your client access to the data it needs? A trio of partners at Kellogg Hansen Todd Figel & Frederick say that if customers are sufficiently fed up with higher prices and the loss of their preferred service provider, they'll tell a judge about it.
As temperatures rise and dockets cool, we have a selection of Hot Docs ranging from economists' analysis of the AT&T/Time Warner merger; an old article by Roger Alford, the new deputy assistant attorney general for international affairs at the Department of Justice's antitrust division; former DOJ attorneys weighing in favour of the Supreme Court taking the states' American Express appeal; and a pair of papers by antitrust boss Herbert Hovenkamp.
Cormac O'Daly and Frédéric Louis
Michael Dietrich and Marcel Nuys
Herbert Smith Freehills
Evgeny Voevodin, Andrey Zakataev and Mikhail Voronin
Antimonopoly Law Office LLC