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.
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.
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.
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.
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.
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”.
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.
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
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.
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.
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
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.
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.
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.