The European Commission is reportedly scrutinising Facebook’s cryptocurrency Libra for anticompetitive conduct before it has even launched, in a review that one commentator has called a “clash of technological elites against political ones”.
A German court has overturned a €30 million resale price maintenance fine on drugstore chain Rossmann because an appeal court’s written judgment was filed out of time.
The European Commission is assessing a letter sent to its competition commissioner by 23 operators of job search websites, who claim that Google abuses its dominance by promoting its own job search tool at the expense of its rivals.
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.
Skadden Arps Slate Meagher & Flom partner Ingrid Vandenborre and associate Stanislas de Villoutreys advise Aspen Pharmacare in relation to the ongoing proceeding of the European Commission that excludes Italy. In their commentary, they consider that the Aspen decision of Italy’s Competition Authority, upheld by the Regional Administrative Tribunal of Lazio’s judgment, has skipped the unfairness analysis set out by European Court of Justice in United Brands. The commentary is based on the Aspen decision and judgment as published.
A senior official at Russia’s antitrust watchdog has likened “big data” to oil and suggested that all market participants should have equal access to it.
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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