The new digital strategy at the UK’s Competition and Markets Authority includes scaling up its data unit, considering regulation, reviewing whether acquisitions by dominant players require closer scrutiny, and delivering a market study into online platforms and digital advertising.
Portugal’s Competition Authority has warned that using algorithms to monitor and set prices could give rise to several anticompetitive practices, including discriminatory pricing and tacit collusion.
The UK’s competition enforcer has issued a legally binding order to help improve competition in the investment consultancy and the fiduciary management markets, following its market inquiry into the sector.
A federal judge has thrown out a $44 million antitrust judgment against cigar maker Swisher after an indictment was unsealed in which an executive at the plaintiff company admitted it had fraudulently avoided excise taxes.
Cigarillo brand Swisher, known for its Swisher Sweets, received bad news in February when the US Court of Appeals for the Ninth Circuit reinstated a $44 million judgment against it, but the company’s fortunes turned early this week. Judge James Selna ruled on Monday that plaintiff Trendsettah’s failure to disclose information about its tax evasion affected its damages analysis and constituted fraud on the court, so he tossed the verdict. We have details on that case, plus an update in class certification in pay-for-delay litigation regarding an ADHD medication, and a new antitrust consent decree drawing interest. Monday is the UK’s summer bank holiday, so we will be back in your inbox Tuesday morning.
The heads of the competition agencies in France and Australia would not welcome the power to impose remedies after conducting market studies because doing so would present several challenges.
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
Connect with world leading experts at GCR Live