A private class action in Australian court has accused five major banks of rigging foreign exchanges rates between January 2008 and October 2013.
An Israeli district court has found that cartel victims can bring claims against a foreign defendant in the optical disk drive and cathode ray tube antitrust litigations, though the alleged conduct occurred outside the country.
The UK’s specialist competition tribunal has ordered defendants in the trucks cartel follow-on claims to disclose minutes from trade group meetings dating back to 1992, which could vastly expand the amount of potential damages paid out.
Even without the Department of Justice in the room, the hearing on Friday on states’ challenge to T-Mobile/Sprint displayed a concentration of antitrust minds. The litigation in Manhattan federal court now features 14 state attorneys general and counsel from eight different law firms. Judge Victor Marrero noted that the proceedings pit opposing forces of nature against each other, as Keker & Van Nest partner Paula Blizzard argued for the state plaintiffs against defence counsel Steven Sunshine at Skadden Arps Slate Meagher & Flom. Sunshine said a settlement between the merging companies and the DOJ is imminent, and that all parties should be ready to go for a 7 October trial. Blizzard said the terms of that settlement – specifically whether the agency finds a need for fourth major competitor – could put the agreed-upon schedule in flux.
Congress should play an active role in antitrust enforcement and competition policy, the chairman of the House of Representatives’ antitrust subcommittee said on Thursday.
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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