Reflections on Section 5 of the FTC Act & the FTC’s Case Against Intel

Daniel Crane, Feb 28, 2010 The Federal Trade Commission’s (“FTC’s”) unprecedented enforcement action against Intel raises profound issues concerning the scope of the FTC’s powers to give a construction to Section 5 of the FTC Act that goes beyond the substantive reach of the Sherman Act. While I have urged the FTC to assert such […]

US: Companies lobby for FTC choice that can take-on tech giants

US: Companies lobby for FTC choice that can take-on tech giants

Companies with past issues with Google believe President Trump should nominate Utah Attorney General Sean Reyes to be the next chairman of the Federal Trade Commission. The Wall Street Journal reported that a number of companies and interest groups have waged behind-the-scenes lobbying campaigns over who will chair the Federal Trade Commission Reyes, a rising […]

US: Levine Lee adds renowned litigator as partner

US: Levine Lee adds renowned litigator as partner

Levine Lee announced today that Teena-Ann V. Sankoorikal has joined the firm as a partner. She previously was a partner at Cravath, Swaine & Moore in its litigation department. Ms. Sankoorikal has represented some of the biggest technology and media companies, including IBM, Warner Brothers Records, Qualcomm and Alarm.com, in a wide range of intellectual […]

US: Retailers ask SC not to revive credit card fee $7.25 billion settlement

US: Retailers ask SC not to revive credit card fee  $7.25 billion settlement

The National Retail Federation and the Retail Industry Leaders Association Wednesday asked the US Supreme Court to let stand an appeals court ruling that struck down a controversial 2012 settlement of a class action lawsuit over Visa and MasterCard’s credit card swipe fees. “This alleged ‘settlement’ was a backroom deal that would have done nothing […]

US: Fed lawsuit accuses 3 insulin manufacturers of conspiring to raise their prices 120%

US: Fed lawsuit accuses 3 insulin manufacturers of conspiring to raise their prices 120%

A federal lawsuit is accusing three of the biggest drug manufacturers of insulin of conspiring together to raise their prices, but the pharmaceutical companies deny the allegations. The lawsuit, filed on in January in a federal court in Massachusetts, said Sanofi SA, Novo Nordisk and Eli Lilly & Co simultaneously hiked the price of the […]

Margin Squeeze – Where Competition Law and Sector Regulation Compete

Posted by Social Science Research Network Margin Squeeze – Where Competition Law and Sector Regulation Compete By Friso Bostoen (KU Leuven) Abstract:     This paper discusses abusive pricing practices by dominant undertakings. It starts with an overview of the different ways an undertaking can abuse its dominant position through pricing (chapter 2). The focus of […]

US: Judge dismisses most of Euribor-rigging lawsuit

US: Judge dismisses most of Euribor-rigging lawsuit

A US judge on Tuesday dismissed most of an investor lawsuit accusing several major banks of conspiring to manipulate the benchmark European Interbank Offered Rate, or Euribor, and related derivatives. In a 100-page decision, US District Judge Kevin Castel in Manhattan said several claims in the proposed class action must fail because of a lack […]

US: AT&T, Time Warner offer merger details to quell senators’ concerns

US: AT&T, Time Warner offer merger details to quell senators’ concerns

AT&T and Time Warner have offered a response to a group of Democratic senators concerned about the companies’ proposed $85 billion merger. In a letter, AT&T CEO Randall Stephenson and Time Warner CEO Jeff Bewkes outlined how the transaction will benefit consumers and promote competition. In particular, the companies said that the merger will help […]

US: Fairway Energy files antitrust lawsuit against Magellan Midstream

US: Fairway Energy files antitrust lawsuit against Magellan Midstream

In an antitrust lawsuit filed today in Harris County District Court, Fairway Energy Partners, alleges that Magellan Midstream Partners and its subsidiary, Magellan Crude Oil Pipeline Company are stifling competition by demanding exorbitant fees to enrich itself at the expense of new entrants to the market and ultimately at the expense of the public. “Fairway […]

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