The European Commission took the “exceptional step” of intervening in the UK interchange fee litigation because the case raises “important questions” about the “coherence” of national bodies applying EU competition law, the enforcer’s counsel has said.
Retailers have pushed back against Visa’s and MasterCard’s claims that their interchange fees are exempt from competition law, arguing that any purported benefits must go to merchants – not cardholders – to outweigh the fees’ restriction of competition.
Empirical data should not be required to prove a company’s conduct is exempt from competition law, counsel to MasterCard has argued to the UK Supreme Court.
Three former employees of Saks have sued the department store chain along with six luxury retailers, alleging that they entered into no-poach agreements that violated antitrust laws.
It’s not every day that the worlds of antitrust and luxury goods overlap, but today they do: three former employees of department store Saks are suing the chain and six big-name luxury goods companies over alleged no-poach agreements. They say that skilled salespeople are highly valuable to companies selling expensive luxury items and that Saks and the other companies used anticompetitive employment restrictions to limit their employees’ options. We also have comments from Beau Buffier on Sprint/T-Mobile, plus more details on Evonik and Peroxychem defeating the Federal Trade Commission’s attempt to stall their merger.
Today marks four years since the EU antitrust damages directive was signed into law. After years of discussion, the European Parliament and the Council of the European Union intended Directive 2014/104 to make it easier for businesses and consumers to claim compensation for overcharges caused by infringements of competition law.
A ruling to allow two UK subsidiaries to be used as anchor defendants in follow-on litigation – on the presumption that they did not act independently of their parent companies – could increase the risk of irreconcilable judgments, a competition barrister has cautioned. Tom Madge-Wyld at GCR Live Competition Litigation
Plaintiff’s side law firm Hausfeld has teamed up with a public affairs consultancy to set up the Google Redress & Integrity Platform (GRIP), which aims to attract potential clients seeking redress against the technology company over its allegedly anti-competitive practices.
David Higbee, John Cove, Jessica Delbaum, Djordje Petkoski, Ryan Shores, Todd Stenerson and Mark Weiss
Tito Andrade, Maria Eugênia Novis de Oliveira and Marcos Paulo Verissimo
Fernando Carreño and Paloma Alcantra
Jesús Eloy Espinoza Lozada
Jacques Derenne and Dimitris Vallindas
Adina Claici and Elisa Pau
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