Three former employees of Saks have sued the department store chain along with six luxury retailers, alleging that they entered into no-poach agreements that violated antitrust laws.
The Federal Trade Commission rarely loses its bids for preliminary injunctions to prevent deals from being consummated.
It’s not every day that the worlds of antitrust and luxury goods overlap, but today they do: three former employees of department store Saks are suing the chain and six big-name luxury goods companies over alleged no-poach agreements. They say that skilled salespeople are highly valuable to companies selling expensive luxury items and that Saks and the other companies used anticompetitive employment restrictions to limit their employees’ options. We also have comments from Beau Buffier on Sprint/T-Mobile, plus more details on Evonik and Peroxychem defeating the Federal Trade Commission’s attempt to stall their merger.
Direct purchasers stated a claim for monopolisation against Sanofi-Aventis, the US Court of Appeals for the First Circuit has held, and the drugmaker must prove its defence was in good faith.
Amid steady consolidation and weak commodity prices in the agricultural industry, some Democrats are trying to bring trust-busting to centre stage. Spencer Parts zeroes in on the scene in Iowa – the first state to vote on contenders in presidential primaries.
Gibson Dunn & Crutcher partner Kristen Limarzi spoke with GCR USA last month about what she wishes she had gotten to do while at the US Department of Justice's antitrust division; which topics she is watching closely in mergers, civil conduct and cartels; and how she measures success.
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