Regulations, restitution stopped DoJ from prosecuting banks

Wednesday, 08 February 2012

DoJ
The US Department of Justice’s antitrust division took multiple factors into account when deciding not to prosecute some of the world's largest banks and financial institutions - including the potential for collateral damage and the availabity of civil restitution, a top DoJ official tells GCR.

Obama picks Baer to take over at DoJ

Monday, 06 February 2012

William Baer, head of antitrust at Arnold & Porter
President Barack Obama intends to nominate Arnold & Porter antitrust head William J Baer to become the new assistant attorney general in charge of the US Department of Justice’s antitrust division, the White House announced on Friday.

DoJ secures guilty pleas and prison terms in record auto parts probe

Tuesday, 31 January 2012

Yazaki will pay the second largest criminal fine issued by the DoJ
Two automotive parts manufacturers have agreed to pay a total of US$548 million in fines and four executives will serve prison terms in what has become the largest antitrust investigation, in both scope and economic impact, in US history.

Silicon Valley hiring case to move forward

Friday, 27 January 2012

Apple and five other Silicon Valley companies are accused of implementing "non-poaching" agreements
The US judge hearing an antitrust lawsuit brought against seven Silicon Valley companies for their “non-poaching” agreements has said she will allow the case to go forward, but might break it into separate suits.

Pozen to step down as acting AAG

Tuesday, 24 January 2012

Sharis Pozen
Acting Assistant Attorney General Sharis Pozen has informed the US Department of Justice that she will be stepping down as head of the antitrust division in April, leaving the Obama Administration just three months to get new division leadership confirmed in the Senate.

Telling documents revealed in Silicon Valley hiring case

Monday, 23 January 2012

Apple and five other Silicon Valley companies are accused of implementing "non-poaching" agreements
Plaintiffs have presented new evidence of “non-poaching” agreements between Apple and other high-tech Silicon Valley companies, in a US antitrust class action in California, including emails in which Palm’s chief-executive told Apple’s Steve Jobs that the practice was “likely illegal”.

NYSE/Deutsche Börse on the brink

Wednesday, 11 January 2012

The NYSE and Deutsche Börse announced their merger in February
The US$10.2 billion merger between the New York Stock Exchange (NYSE) and Deutsche Börse risks being blocked in Europe, as it is facing strong opposition from the European Commission, reports say.

The holding pattern

Friday, 06 January 2012

Since Christine Varney stepped down from the US Department of Justice’s antitrust division last year, observers have speculated as to whether the Obama administration would choose a new nominee to take over the division full-time. But with a presidential election less than a year away, time is running out. Ron Knox examines the White House’s choice

El Al settles freight forwarding case

Tuesday, 03 January 2012

Israeli airline settles private air cargo action
Israeli airline El Al has reached a US$15.8 million settlement with plaintiffs in private litigation linked to its role in the US Department of Justice’s air cargo cartel investigation.

DoJ adds conditions to Deutsche Börse/NYSE Euronext

Wednesday, 28 December 2011

The trading floor of the New York Stock Exchange
The US Department of Justice’s antitrust division on Friday conditionally cleared Deutsche Börse’s takeover of the New York Stock Exchange, but the deal’s future in Europe still hangs in the balance.

US, Canada and Mexico officials meet in New York

Wednesday, 21 December 2011

The three countries have agreed to coordinate on antitrust enforcement
Antitrust agency heads from the US, Canada and Mexico met in New York on Monday to discuss policy issues and cement co-operation between the four authorities

AT&T to pay US$4bn as T-Mobile merger collapses

Tuesday, 20 December 2011

AT&T has withdrawn its US$39 billion bid for T-Mobile
AT&T has withdrawn its US$39 billion bid for T-Mobile, following months of opposition by US antitrust authorities.

Execs plead guilty in DoJ disk drive probe

Thursday, 15 December 2011

DoJ
Three executives from Korean-based Hitachi-LG Data Storage have pleaded guilty to participating in a cartel in the optical disk drive market, the US Department of Justice’s antitrust division has announced.

DoJ clears education software merger

Wednesday, 14 December 2011

John Harkrider advised SunGard Data Systems
The US Department of Justice’s antitrust division (DoJ) has approved a US$1.8 billion merger between education software provider SunGard Higher Education and rival Datatel.

Judge puts AT&T/T-Mobile challenge on hold while companies contemplate fate

Tuesday, 13 December 2011

AT&T
A US federal court has granted a joint motion to pause the US Department of Justice’s lawsuit against the proposed AT&T/T-Mobile merger, casting even more doubt on the deal’s chances for survival.

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