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The Federal Trade Commission will take on the nation’s two biggest food distributors Tuesday as the antitrust enforcer tries to convince a D.C. federal court to block Sysco Corp.’s $3.5 billion merger with US Foods Inc. despite the companies’ offer to shed 11 distribution centers to their next-largest competitor.
American Express Co. asked a New York federal judge Friday to stay an injunction allowing merchants to steer customers to lower-cost credit cards, arguing it could sustain irreparable harm if the order were enforced before it had a chance to appeal.
Federal Communications Commission Chairman Tom Wheeler on Monday said that Comcast Corp. made the right decision in pulling the plug on a proposed $42.5 billion merger with Time Warner Cable Inc., signaling that the deal would have faced stiff regulatory opposition.
The Supreme Court on Monday refused to review whether allegations in a multidistrict litigation of a national conspiracy to artificially inflate energy prices were enough for certain states to exert personal jurisdiction.
The U.S. Supreme Court on Monday refused to take up ProMedica Health System Inc.'s bid to overturn a Sixth Circuit ruling that upheld the Federal Trade Commission's decision to block ProMedica from merging with a small Ohio hospital.MERGER REVIEW
The Federal Trade Commission gave Holcim Ltd. and Lafarge SA the green light Monday to proceed with a proposed $25 billion merger after both companies agreed to divest plants, terminals and a quarry to allay the commission's concerns the deal would harm competition in 14 markets.ENFORCEMENT
The Federal Energy Regulatory Commission slapped a Canadian energy provider with a $5 million fine Friday, chastising Maxim Power Corp. for charging New England’s wholesale power market the high prices needed to burn oil while the company was really burning cheaper natural gas.POLICY & REGULATION
New Jersey Gov. Chris Christie conditionally vetoed legislation Monday that sponsors say is meant to curb political influence in awarding public pension fund management contracts, saying his proposed changes will accomplish what the bill sponsors seek without limiting the state's ability to choose the best fund managers.LITIGATION
A Michigan federal judge on Friday trimmed various lawsuits brought by automobile dealerships and car buyers as part of sprawling multidistrict litigation over an alleged conspiracy among manufacturers to rig bids and fix the prices of auto parts.
D&G Inc. has urged the U.S. Supreme Court not to take up a petition by SuperValu Inc. and C&S Wholesale Grocers Inc. seeking to escape its antitrust class action, arguing that it's unnecessary for the high court to provide its take on how antitrust laws apply to an acquisition agreement that bars a seller from competing in its former market for a specified period.
Blue Cross Blue Shield of Tennessee Inc. told a Tennessee federal judge on Friday that Carlton Fields Jorden Burt should be disqualified from representing an insurance company in its suit against the health insurance provider because the firm received confidential information while representing another regional plan in another case.
Apotex Inc. has gone to court to prevent Lupin Ltd. from selling a generic version of the popular antidepressant drug Paxil, telling a Texas federal court judge that allowing Lupin to move forward would infringe a patent owned by Apotex.
U.S. prosecutors on Monday charged Dean Skelos, the Republican majority leader of the New York State Senate, with extorting a real estate developer and an environmental technology company to pay his son in exchange for favorable official acts.
Retail design executive Latchmee "Robbie" Mahato and former Foot Locker Inc. In-store Marketing Director Kathleen Smith admitted to conspiracy charges in Manhattan federal court Monday, stemming from what authorities characterized as an $18 million bank-fraud and kickback scheme hatched by Mahato's shuttered G3 Displays business.PEOPLE
Mayer Brown LLP announced Monday that it has convinced the first-ever director of litigation at the U.S. Department of Justice's antitrust division to return to the firm's Washington, D.C., office after a three-year absence to lead its firmwide competition team.
Greenberg Traurig Maher LLP, the London arm of international firm Greenberg Traurig LLP, has announced it has recruited a former Mayer Brown JSM attorney who has significant experience in mergers and acquisitions to join its antitrust litigation and competition practice.LEGAL INDUSTRY
With firms facing a litigation slowdown, lawyers may feel pressured to offer clients discounts to keep the work coming, but experts say attorneys should steer clear of price cuts and instead focus on creative billing options that give clients more predictability. Here are four tips to sidestep discounts during a work shortfall.
The selection of the central 12-person jury that will decide the fate of the former top executives of Dewey & LeBoeuf LLP over allegations the firm leaders deceived lenders and investors before its collapse was completed on Monday, at least a week ahead of schedule.
A former project attorney for Pepper Hamilton LLP accused the firm in Pennsylvania federal court on Friday of violating the Americans with Disabilities Act by firing him for showing up to work at odd hours, saying he was teased by supervisors, denied raises and eventually let go because of a doctor-diagnosed sleep disorder.
Sullivan & Worcester LLP has been in its latest Manhattan home for fewer than three years, but the hard-charging firm has already knocked down a wall in the light-filled office to make room for more hires. Well, that and the bagels.
A gay attorney who claims that his career was derailed in 2012 after he complained about discriminatory treatment at Anapol Schwartz should be able to earn some $200,000 per year based on his dozen years of varied legal experience, an expert witness told a Philadelphia jury on Monday.
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