A Washington, DC, federal judge failed to apply “fundamental principles of economics and common sense” when he allowed AT&T’s acquisition of Time Warner to proceed, the US Department of Justice’s antitrust division has said.
The US Federal Trade Commission has sued titanium dioxide producers Tronox and Cristal in federal court to prevent them from closing their deal, after the European Commission last week conditionally cleared the merger.
The US government has arrested two executives on charges of fixing prices on international freight forwarding of containerised goods.
Judge Richard Leon erred by discrediting regulatory filings made by AT&T and DirecTV in his ruling to allow the AT&T/Time Warner merger, the Federal Communications Commission said in one of several amicus briefs submitted on Monday.
The Federal Communications Commission did little to get in the way of the AT&T/Time Warner tie-up during the merger review process, but the agency has now filed an amicus curiae brief in defence of evidence used by the Department of Justice as the Antitrust Division seeks to block the deal on appeal. FCC chairman Ajit Pai said last year that the agency did not have the authority to review the deal because AT&T was not acquiring any licences from Time Warner. Although the agency said it is not taking an official stance on the litigation, its brief certainly aids the Antitrust Division’s argument.
After more than three decades of working at the Competition Bureau of Canada as an economist, John Pecman stepped down on 30 May as the Commissioner of Competition. Last month, he spoke with Pallavi Guniganti alongside McMillan partner James B Musgrove, who provided the private practitioner perspective. See Part I of the interview.
The principal deputy assistant attorney general at the US Department of Justice’s antitrust division has identified a lack of good presumptions on which to rely when analysing and measuring innovation in merger reviews.
John Pecman, who left Canada’s Competition Bureau earlier this month after 34 years, is set to join Fasken Martineau DuMoulin in Ottawa.
Claudio Donato Monge and Marco López Volio
Daniel Pino Arroba and Paulette Ocampo
Alejandra Palacios Prieto
Paloma Alcántara and Fernando Carreño
Davit Akman, Ian Macdonald and François Baril
Gowling Lafleur Henderson LLP
Satyen Dhana, Christine Graham and Jacqueline Vallat
CMS Cameron McKenna (London)