Damages Actions

Five banks face follow-on FX claim in Australia

A private class action in Australian court has accused five major banks of rigging foreign exchanges rates between January 2008 and October 2013.

Lower court finds Israeli jurisdiction over foreign cartel

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.

UK tribunal opens door for expanded trucks claims

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.

Five banks face follow-on FX claim in Australia

Lower court finds Israeli jurisdiction over foreign cartel

UK tribunal opens door for expanded trucks claims

GCR USA

A song of Blizzard and Sunshine: The Tipline for 24 June 2019

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 return to active role in antitrust, Cicilline says

Congress should play an active role in antitrust enforcement and competition policy, the chairman of the House of Representatives’ antitrust subcommittee said on Thursday.

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Features

The antitrust damages directive: four years on

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.

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Conference coverage

Presumption of parental influence a concern, barrister says

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

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Community news

Hausfeld gets a GRIP on Google lawsuits

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.

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