Three lawsuits filed against America’s largest beef packers can be consolidated, a Minnesota federal court ruled last week. US Magistrate Judge Hildy Bowbeer wrote in a nine-page order the court will oversee three proposed class actions filed by ranchers and industry groups that claim beef packers colluded to suppress prices and violated federal antitrust laws. […]
Baltimore and Philadelphia consolidated their class-action lawsuits alleging that eight of the nation’s biggest banks, including Bank of America, JPMorgan Chase, and Citigroup, conspired to fix the prices on floating-rate bonds sold to finance public works, reported Bloomberg Law. The consolidated complaint, filed May 31 in the Southern District of New York, also claims the […]
US antitrust officials are investigating potentially anti-competitive practices in the residential real estate brokerage business, with a focus on compensation to brokers and restrictions on their access to listings. The probe was detailed in a civil investigative demand, which is akin to a subpoena, issued by the Justice Department to CoreLogic, which provides real estate […]
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 […]