US: Elizabeth Warren met with Makan Delrahim

US: Elizabeth Warren met with Makan Delrahim

Senator Elizabeth Warren, a Democrat from Massachusetts, met on Wednesday, September 7, with President Donald Trump’s pick to run the Justice Department’s Antitrust Division, where she pressed him on political interference in antitrust and lobbying, according to a source familiar with the discussions. The source did not say if the meeting was sufficient to convince […]

US: DoJ wants to work with China on transparency

US: DoJ wants to work with China on transparency

The US Justice Department’s antitrust division plans to continue working with China’s antitrust authorities to strengthen its competition agenda, a top DOJ official said August 30 in Shanghai. The speech from Deputy Assistant Attorney General Roger Alford marks the first international antitrust comments from this administration. Alford noted that Makan Delrahim, President Donald Trump’s nominee […]

US: Simpson Thacher takes Allen & Overy antitrust vet in DC

US: Simpson Thacher takes Allen & Overy antitrust vet in DC

John Terzaken, co-head of the global antitrust practice at Allen & Overy and head of the Magic Circle firm’s investigations and litigation practice in Washington, DC, is poised to join Simpson Thacher & Bartlett as a partner in the nation’s capital. “It’s great opportunity,” Terzaken said. “Simpson Thacher is a terrific firm and I think […]

US: Quinn Emanuel, Cohen and Labaton to lead class-action suit against banks

US: Quinn Emanuel, Cohen and Labaton to lead class-action suit against banks

A Manhattan federal court judge on Thursday, August 24, approved three law firms to lead a class-action lawsuit accusing Wall Street banks of rigging the rate of US Treasury bonds. The move by Judge Paul Gardephe comes more than a year after the last hearing in the case. Quinn Emanuel, Cohen Milstein and Labaton Sucharow […]

US: Feds charge promo company & its top exec for price fixing

US: Feds charge promo company & its top exec for price fixing

Federal authorities are intensifying a crackdown on price fixing in the online promotional products market, a fact evidenced by another bust of an admitted schemer. On Tuesday August 22, the US Department of Justice (DOJ) announced that Custom Wristbands and its top executive Christopher Angeles agreed to plead guilty for conspiring to fix prices for […]

Brazil: Watchdog says AT&T/Time Warner deal a high risk to competition

Brazil: Watchdog says AT&T/Time Warner deal a high risk to competition

Brazilian regulators have raised the red flag on AT&T’s proposed Time Warner merger, saying the deal poses risks to competition. In a decision released Tuesday, August 22, the country’s antitrust branch, Cade, indicated the transaction would align the interests of two significant market powers and create incentives for the combined company to corner the licensing […]

US: AT&T, Time Warner merger review Reaches Advanced Stages

US: AT&T, Time Warner merger review Reaches Advanced Stages

Talks between AT&T, Time Warner and US antitrust officials on potential terms attached to the US$85 billion mega deal, which began late July, have reached an advanced stage, with the operator’s lawyers discussing merger conditions with the Department of Justice (DOJ), The Wall Street Journal (WSJ) reported. The progress comes despite the fact US President […]

US: Mylan reaches EpiPen Settlment for $465m

US: Mylan reaches EpiPen Settlment for $465m

On August 17, Mylan and federal investigators finalized a US$465 million settlement of charges the drugmaker overcharged the government for the injection allergy medication EpiPen. Resolving an issue that fueled nationwide debate over soaring drug costs, the agreement ends an investigation that found Mylan avoided paying state Medicaid programs higher EpiPen rebates by improperly catagorizing […]

US: Senator Warren will meet with DoJ Antitrust nominee

US: Senator Warren will meet with DoJ Antitrust nominee

Senator Elizabeth Warren, who reportedly has placed a hold on the confirmation of Makan Delrahim to lead the Department of Justice’s antitrust division, is set to meet with him. The Massachusetts Democrat’s office confirmed Monday that a meeting with Makan Delrahim, Trump’s pick to lead the DOJ’s Antitrust Division, is on her books, but did […]

US: Zaappaaz exec pleads guilty, faces 10 years, US$1m fine

US: Zaappaaz exec pleads guilty, faces 10 years, US$1m fine

As predicted by Bloomberg earlier this week, Azim Makanojiva, president of e-commerce firm Zaappaaz, pleaded guilty to a one-count criminal violation of the Sherman Act for allegedly conspiring to fix prices for customized promotional products sold online to customers. The Justice Department said Azim Makanojiva, president of e-commerce firm Zaappaaz, pleaded guilty to a one-count […]

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