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 […]

The Horizons of Antitrust

Posted by Social Science Research Network The Horizons of Antitrust By Richard M. Steuer (Mayer Brown) Abstract:     The goals of antitrust law were the subject of debate in the United States during the 2016 election campaign and thereafter. While consumer welfare and efficiency have become the lodestars of antitrust enforcement, other goals such as […]

US: Burger King owner to buy Popeyes Chicken for $1.8 billion

US: Burger King owner to buy Popeyes Chicken for $1.8 billion

Restaurant Brands International agreed to buy Popeyes Louisiana Kitchen Inc. for about $1.8 billion, adding a fried-chicken chain to its lineup of burgers and doughnuts. The acquisition would be the first major deal for Restaurant Brands, which was formed in the 2014 merger of Burger King and Tim Hortons. The company’s managers have long said […]

US: Tyson CEO says SEC price-fixing probe is ‘grasping at straws’

In an interview this week CEO of Tyson Foods, Tom Hayes told “Squawk on the Street” that the US Security and Exchange Commission’s price-fixing probe was unfounded. “So the SEC is investigating, is reviewing, because there’s an underlying case, an antitrust case, that is baseless,” he said. “And really, plainest words, grasping at straws. And […]