Region: United States of America

What fools these mortals be: The Tipline for 8 September 2020

We hope you all had a splendid three-day weekend. Before everyone logged off on Friday, the Federal Trade Commission announced that it approved a final order settling charges that AbbVie’s $63 billion acquisition of Allergan would violate federal antitrust law. Commissioner Rohit Chopra took another dig at the settlement, which he voted against back in May. “Public input received during the comment period from across the country also called into question the appropriateness of this decision, but the FTC went ahead anyway,” he tweeted.

08 September 2020

FTC: Einstein’s failing firm defence falls short

The Federal Trade Commission will argue at trial next week that Jefferson Health and Albert Einstein Healthcare Network are unable to meet the burden of proof to establish a failing firm defence allowing both companies to merge.

08 September 2020

It’s in the game: The Tipline for 4 September 2020

In the antitrust dispute between Relevent Sports and FIFA, the governing body of international soccer, assistant attorney general Makan Delrahim is clearly sitting on the soccer game promoter’s side of the bleachers. The Antitrust Division chief intervened in private litigation between both of them to warn FIFA that it might be in violation of US antitrust laws by restricting the territory in which teams can play league games.

04 September 2020

Enforcers agree new cooperation framework for digital age

Antitrust agencies in the UK, US, Australia, Canada and New Zealand have signed a competition framework agreement that aims to increase cooperation in cross-border investigations.

03 September 2020

Dechert co-chair heads to Steptoe & Johnson

Michael Weiner has joined Steptoe & Johnson as a partner in the firm’s New York office after almost 10 years as co-chair of Dechert’s competition group.

03 September 2020

DOJ seeks comments on 25-year-old banking merger guidelines

The Department of Justice is considering updates to its banking merger guidelines to reflect emerging trends and to modernise the Antitrust Division’s approach to deal reviews in the financial services market.

02 September 2020

Earth Wind & Rulemaking: The Tipline for 1 September 2020

The months of January through July were named for Roman goddesses and emperors. By September, those in charge apparently gave up, dubbing the remaining months by their original numerical order. In 2020, September does feel like the seventh month of the year. Time flies when you are locked inside. Hopefully the final stretch of election season will zip on past – and in the meantime, we have updates on antitrust matters involving Tik Tok, Cigna, Anthem and AMC Entertainment.

01 September 2020

Community round-up: Firms hire and promote in Europe, US and India

Skadden Arps Slate Meagher & Flom has expanded its London competition team, Cornerstone Research has promoted competition economists in the UK and the US, while firms in India and Ukraine have recruited.

28 August 2020

Behaving better: The Tipline for 28 August 2020

Assistant attorney general Makan Delrahim delivered a speech about behaviour on Thursday – and no, not about how “Big behaving badly is bad”. The head of the Antitrust Division said behavioural economics deserves serious consideration in the antitrust world. Meanwhile, the last remaining defendant in the Department of Justice’s case against an heir location services cartel hopes his cooperative behaviour will prevent his incarceration. GCR USA is off on Monday, but we'll return to your inboxes on Tuesday.

28 August 2020

A big thanks to court reporters: The Tipline for 27 August 2020

There were a few tech hiccups yesterday during oral arguments for the Rail Freight Fuel Surcharge antitrust litigation – one of the cons of having court proceedings in the time of coronavirus. Long commutes and wardrobe dilemmas have been replaced by video system login issues and bad wifi connections. These new obstacles cannot make life any easier for court reporters, who still have to capture the words spoken by everyone in the court – even if a lawyer’s voice is going in and out on screen. Despite these issues, and very few breaks, the court reporter on Wednesday powered through.

27 August 2020

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