Antitrust Law

Dispute over Antitrust Focus May Have Caused Cohen Milstein Rift

A focus on international antitrust work may have cost the chairman of Cohen Milstein Hausfeld & Toll his job. Antitrust litigator Michael Hausfeld has complained that he was informed of his expulsion from the firm earlier this month by a note left on his chair, but little has been said…

Nov 17, 2008 1:14 PM CST

Note on Chair Informed Cohen Milstein Head of His Expulsion From Firm

Although he was then chairman of the firm, Michael Hausfeld apparently didn’t even know that his fellow partners at Cohen Milstein Hausfeld & Toll were holding a vote Nov. 6 about whether to expel a partner. But after the vote, Bloomberg reports, a note on Hausfeld’s chair put him in…

Nov 11, 2008 11:38 PM CST

Antitrust Chief Resigns; Obama Likely to Seek Aggressive Successor

The Justice Department’s antitrust chief has announced his resignation. Assistant attorney general Thomas Barnett, who headed the antitrust division since 2005, will leave on Nov. 19, Reuters reports. Barnett was known for aggressive enforcement of laws barring pricing conspiracies, but critics said he too-readily approved mergers between market-dominating companies, the…

Nov 7, 2008 6:22 PM CST

Judge Cuts Attorney Fees by $1M in NY BAR/BRI Settlement

Lawyers who sued BAR/BRI for alleged antitrust violations in New York saw their requested attorney fees slashed by about $1 million in a settlement of the case. U.S. District Judge William Pauley denied a request for a 24 percent contingent fee, which would have amounted to $3.1 million, the New…

Oct 23, 2008 12:41 PM CDT

Bush Bailout Plan Would Protect Treasury Secretary from Lawsuits

Treasury Secretary Henry Paulson would be insulated from lawsuits under the $700 billion Wall Street bailout plan advanced by the administration. Two legislators have also made bailout proposals, and one of them, advanced by U.S. Rep. Barney Frank, D-Mass., also eliminates judicial review, the Daily Journal reports (sub. req.). Frank…

Sep 24, 2008 11:55 AM CDT

FTC Majority Criticizes DOJ Antitrust Guidelines for Monopolies

Critics are assailing the Justice Department’s new antitrust guidelines for corporate monopolies as being too permissive, and the dissenters include a majority of the Federal Trade Commission. Three FTC commissioners issued a statement disagreeing with many of the Justice Department’s threshold tests for when it can take action against companies…

Sep 9, 2008 1:02 PM CDT

DOJ Hires Well-Known Litigator in Google Antitrust Ad Probe

The Justice Department has hired Sanford Litvack, who is a former partner at Hogan & Hartson and a former antitrust chief under President Carter, to review evidence in an antitrust probe of Google’s advertising power. Litvack will help build the case if the department decides to proceed with a challenge…

Sep 9, 2008 11:28 AM CDT

Brighton Ruling Spurs More Minimum Prices and Some Lawsuits

A U.S. Supreme Court decision involving Brighton handbags has led several manufacturers to set minimum prices for their products and cut off retailers who fail to follow them. The June 2007 decision, Leegin Creative Leather Products Inc. v. PSKS Inc., said companies may set and enforce minimum prices if they…

Aug 18, 2008 11:58 AM CDT

FTC Enforcer Moves to Linklaters

After rumors that he was leaving the U.S. Federal Trade Commission, reports emerged Thursday that Jeffrey Schmidt is indeed on the move. Schmidt, director of the FTC’s Bureau of Competition, is becoming an antitrust partner at Linklaters in New York City, Reuters reports. The news agency reports that Schmidt said…

Aug 8, 2008 10:06 AM CDT

Court Sides With ‘Long Shot’ FTC Appeal in Whole Foods Antitrust Battle

When the Federal Trade Commission sought to overturn a judge’s ruling and unravel Whole Foods’ purchase of rival Wild Oats, the appeal was dubbed a long shot. Regulators usually give up antitrust litigation after a deal is completed because of the difficulty of unwinding it. But the FTC persisted and…

Jul 29, 2008 4:57 PM CDT

D.C. Lawyer Helped Nab Suspect in Jogger Attacks; Cop Didn’t Pursue Levy Lead

An antitrust lawyer for Arnold & Porter who was attacked by a man as she was jogging in a Washington, D.C., park in 2001 fought off her attacker and helped police find a suspect. But police investigating the disappearance of intern Chandra Levy were slow to recognize a possible lead…

Jul 18, 2008 1:35 PM CDT

Tech Companies Seek to Head Off Patent Trolls With IP-Buying Group

Several high-tech companies have joined a group that seeks to deny sustenance to patent trolls. The group plans to buy rights to intellectual property, beating patent trolls to the marketplace, the Wall Street Journal reports (sub. req.). The so-called trolls buy patent rights and then sue companies for infringement. The…

Jun 30, 2008 12:18 PM CDT

Ex-Client Says Kaye Scholer Discovery Errors Cost Millions

Updated: A former client of Kaye Scholer has sued the New York law firm for legal malpractice, contending that discovery errors forced it to enter into a $107 million antitrust settlement last month. It is seeking as damages the difference between $107 million and the nuisance settlement it says it…

Jun 26, 2008 8:13 PM CDT

4 Airlines to Pay $504M in Near Record Price-Fixing Payout

Four international airlines have agreed to pay $504 million to settle charges they conspired to drive up air cargo rates. The Justice Department says the antitrust settlement is one of the largest in history, the Associated Press reports. Air France-KLM will pay $350 million, while the rest will be paid…

Jun 26, 2008 5:36 PM CDT

High Court to Hear ‘Price Squeeze’ Antitrust Case that Split FTC and SG

The U.S. Supreme Court has agreed to review a case that tests the antitrust “price squeeze” doctrine in a case against a unit of AT&T. The issue has divided the government, with the Federal Trade Commission supporting the theory and the Justice Department opposing it. Several Internet providers had sued…

Jun 23, 2008 5:46 PM CDT