Martin Shkreli failed to convince a federal judge to dismiss an antitrust lawsuit against him on April 10, about a week after reports that the imprisoned “pharma bro” had been placed in solitary confinement, reported Bloomberg. Shkreli, Retrophin, and two related companies are facing claims that they unlawfully shielded the blockbuster kidney drug Thiola from […]
Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay US$110 million to settle a lawsuit alleging it misled US investors over excess diesel emissions and failed to comply with federal safety regulations. The company said in a statement on Monday, April 8, it “continues to vigorously deny the allegations of wrongdoing made in this […]
Baltimore is suing 10 major banks, alleging they illegally inflated interest rates for particular bonds for public works, overcharging Baltimore and other municipalities by billions of dollars, reported Reuters. The city is seeking class-action status for the federal antitrust lawsuit, claiming the banks inflated costs for the city and other local governments, which Baltimore seeks […]
The Raiders and NFL are asking a judge to toss out a lawsuit filed by Oakland, arguing the city’s claims “turn antitrust on its head” and are a “striking perversion of antitrust law.” Attorneys for the team, league and its 31 other franchises laid out their legal arguments for the first time in court papers […]
The US Supreme Court won’t be reviving an ambulance company’s antitrust suit accusing a dozen California cities of unlawfully monopolizing emergency medical services. The high court declined on March 18 to second-guess a federal appellate decision extending “state action” immunity from antitrust enforcement to Anaheim and 11 other cities that either provide their own EMS […]
Coachella’s requirement that bands appearing at its southern California music festival skip other festivals and forego promotion of any west coast show for nearly five months surrounding the April festival is not anticompetitive, a federal judge ruled Tuesday. The judge has dismissed a lawsuit brought by Oregon promoters against Goldenvoice, ending the year-long battle over […]
Keurig Green Mountain is driving up prices and abusing its monopoly power over single-serve brewing devices and cups, according to an antitrust lawsuit filed in the US District Court for the Southern District of New York. Food and beverage distributor McLane claims that because of Keurig’s anticompetitive behavior, it was overcharged on more than US$1.5 […]
Southeast Asian ride-hailing company Grab on Friday, January 11, filed an appeal against a Vietnamese court ruling that ordered it in December 2018 to pay local taxi operator Vinasun 4.8 million dong (roughly US$200k) for causing it an operational loss. The ride-hailing company claimed the Ho Chi Minh City Court had no jurisdiction over the […]
HSBC has agreed to pay US$30 million to settle litigation by investors who accused 11 big banks of rigging the roughly US$9 trillion government agency bond market from 2009 to 2015. The settlement with the British bank was made public late Wednesday night, January 9, in the federal court in Manhattan, and requires approval by […]
The lawsuit initiated in the US District Court on December 21, 2018 names as defendants Devin Reiss, current President of the NREC; Lee K. Barrett, Vice President of the NREC; Wayne Capurro, Secretary of the NREC; Neil Schwartz, Commissioner of the NREC; Norma Jean Opatik, former Commissioner of the NREC; Richard Johnson, former President of […]