Antitrust news and reports on Federal Newswire

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Liu: 'Consolidation in the pharmaceutical industry has given companies the power and incentive to engage in exclusionary rebating practices'
Antitrust

The Federal Trade Commission, in coordination with attorneys general from six states, reached a proposed consent order with Amgen Inc.


Justice Department's acting director of criminal enforcement: “This long-running criminal conspiracy denied cancer patients access to a competitive marketplace for lifesaving oncology treatments”
Antitrust

Dr. William Harwin, former head of Florida Cancer Specialists, admitted to conspiring to allocate specific cancer treatments in Southwest Florida, violating the Sherman Act. The U.S. Department of Justice and FBI denounce such profit-driven schemes.


Tunheim: "The plaintiffs have not shown how they intend to amend their pleadings to overcome the deficiencies, the Court declines to grant them leave to amend at this time."
Antitrust

In a significant ruling, Minnesota District Court Judge John R. Tunheim dismissed a case accusing defendants of manipulating cattle prices, resulting in a sharp collapse in the market in 2015.


Kanter: 'Companies in heavily regulated industries are on notice that the division will not hesitate to hold them accountable'
Antitrust

In a pivotal stride against pharmaceutical industry malpractice, the U.S. Department of Justice, alongside federal partners, achieved deferred prosecution agreements with Teva Pharmaceuticals and Glenmark Pharmaceuticals, curbing price-fixing and fostering fair competition.


Blum-Smith: 'Writers forced to strike in this climate should come as a surprise to no one'
Antitrust

The Writers Guild of America West warned of a potential media monopoly by Disney, Amazon and Netflix, highlighting the risks of consolidation, reduced creativity and increased control.


University of Chicago agrees to $13.5 million settlement in antitrust lawsuit: 'The University of Chicago is committed to removing financial barriers for undergraduate students'
Antitrust

On Aug. 7, the University of Chicago agreed to a $13.5 million settlement in an antitrust lawsuit involving prestigious institutions. Allegations include a cartel-like agreement on financial aid principles and sensitive information exchange.


Huddleston: 'Many consumers are looking to keep up with trends and products they love via dupes'
Antitrust

Jennifer Huddleston, of the Cato Institute, warned proposed antitrust law changes may limit retailers like Amazon from offering "dupes," affordable alternatives to popular products, impacting consumer choice and affordability.


U.S. Soccer: 'Section 1 claims against association members will face different threshold pleading standards'
Antitrust

The U.S. Soccer Federation filed for a Supreme Court review of a Second Circuit judgment involving the Fédération Internationale de Football Association's home territory policy, raising key questions about conspiracy under Section 1 of the Sherman Act.


Antitrust attorney: 'Merger guidelines will increase deal timelines, the merging parties’ burden and overall uncertainty and potential antitrust risk as to the outcome'
Antitrust

New merger guidelines and HSR (Hart-Scott-Rodino) rules signal intensifying antitrust scrutiny in the healthcare sector, reflecting a significant shift that could complicate and prolong the merger review process, according to a recent article.


Saveri: 'UFC pays its fighters a mere fraction of what athletes make in similar sports'
Antitrust

In a landmark decision for the world of mixed martial arts, a court has certified fighters' class-action lawsuit against the Ultimate Fighting Championship (UFC), alleging market dominance abuses and suppressed fighter earnings.


The European Commission: 'Commission closely cooperated with other competition authorities during the initial investigation'
Antitrust

The European Commission launched an intensive inquiry into Adobe's proposed takeover of Figma, fearing the merger could stifle competition in interactive product design software and digital asset creation tools markets.


Walker: 'We appreciate the Court’s careful consideration and decision to dismiss claims regarding the design of Google Search'
Antitrust

In a significant antitrust ruling, Judge Amit P. Mehta granted partial motions for summary judgment in the case between Google and the U.S. Department of Justice, dismissing some claims while allowing the core allegation of monopoly maintenance to proceed.


Black Knight: 'The joint stipulation dismisses the federal court complaint'
Antitrust

Intercontinental Exchange Inc. and Black Knight Inc. are reportedly making progress toward settling theFederal Trade Commission's acquisition challenge.


Bollingers: 'We are suing AP and Legacy Media - who call themselves the 'Trusted News Initiative' for shutting us down'
Antitrust

Ty and Charlene Bollinger, controversial online publishers, are suing the Associated Press and Trusted News Initiative members, alleging censorship and market exclusion in violation of antitrust laws and freedom of speech, potentially initiating a landmark legal battle.


Microsoft on acquisition of Activision Blizzard: 'The CMA should not adopt the draft order prohibiting the merger'
Antitrust

Microsoft's eagerly anticipated acquisition of Activision Blizzard Inc. is currently under review by the Competition and Markets Authority (CMA) in the UK.


Vedova: 'Deal termination protects competition and is a win for patients'
Antitrust

CooperCompanies, a global powerhouse in medical device manufacturing, has terminated its planned $875 million acquisition of Cook Medical's reproductive health business following a full-phase investigation by the Federal Trade Commission (FTC).


Newsom: 'California is serious about holding Big Oil accountable'
Antitrust

In response to escalating fuel prices, California Gov. Gavin Newsom appointed antitrust prosecutor Tai Milder to lead the newly established Division of Petroleum Market Oversight, marking a new chapter in oil industry regulation.


Urso: 'We are focused on the potential opportunities for creating stockholder value'
Antitrust

Shareholders have permanently sunk an acquisition plan between MEI Pharma and Infinity, a deal in the works since February.


Levine: 'We will not tire in our pursuit of those who prey on individuals struggling with alcohol or other substance use disorders'
Antitrust

The Federal Trade Commission has filed a complaint against Rejuvica, the makers of Sobrenix, under suspicion that the company, known for marketing products to reduce and eliminate alcohol cravings, may have violated the FTC Act and the Opioid Addiction Recovery Fraud Prevention Act of 2018 (OARFPA).


Kubasik: 'We are moving forward to close the transaction on or about July 28'
Antitrust

The Federal Trade Commission confirmed regulators will not block L3Harris’s Aerojet Rocketdyne acquisition.