As part of a settlement to resolve criminal and civil liability for its marketing of Suboxone, Reckitt Benckiser has agreed to a Federal Trade Commission order to pay $50 million and change conduct that allegedly blocked generic competition to the opioid addiction treatment.
Breakups stink. Participants in monogamous relationships luckily only have to face one at a time, but the City of Oakland has been double dumped. The Raiders football team and Golden State Warriors basketball team are both splitting up with the city they once called home as they take their talents to Las Vegas and San Francisco, respectively. The split with the Raiders has become so messy that the city has filed an antitrust lawsuit against the National Football League. The Department of Justice’s antitrust division has thrown a yellow penalty flag at the litigation, contending the city cannot claim lost tax revenue under US competition law.
The Department of Justice’s antitrust division will now consider giving credit to a company for the compliance programme it had at the time of the cartel, but some observers said the change could decrease the incentive to file for leniency.
The US Court of Appeals for the Third Circuit has ordered a new trial in phone headset maker GN Netcom’s antitrust lawsuit against rival Plantronics.
For the first time in eight years, Democrats control the US House of Representatives and its antitrust subcommittee. With that comes a bully pulpit, but also a big stick of investigation and potentially legislation.
Analysis Group chief executive Martha Samuelson has worked as an economist on some of the most well-known US antitrust cases in recent years. She advised MasterCard against government and private challenges to its anti-steering provisions, and a group of defendants in the Optical Disk Drive Products antitrust litigation alleging a price-fixing conspiracy. In this wide-ranging interview, she talks about the AT&T/Time Warner trial ruling, digital markets, the Supreme Court’s Amex judgment and whether merger analysis needs to include effects on workers.
Supreme Court justice Brett Kavanaugh is not known for an expansive view of the federal antitrust laws, but he sided with iPhone users bringing antitrust claims – a win for their counsel at Kellogg Hansen Todd Figel & Frederick.
While the recent heatwave may have you inside by the air-conditioning all day, we have collected the hottest docs in antitrust to keep you entertained.
Data courtesy of FTC.gov