The US Federal Trade Commission (FTC) has accused the three largest US suppliers of iron pipe fittings of participating in a cartel to increase prices and defending the monopolistic position of one of the businesses.
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.
US boutique Axinn Veltrop & Harkrider have hired former FTC official Morris Bloom, adding bench depth to the firm’s Washington, DC, and New York offices.
Private antitrust claims continue to stack up against multiple auto parts manufacturers, sparking from a US industry probe thought to be the largest antitrust investigation in history.
A federal judge in Delaware has cancelled an antitrust case against Intel scheduled for February 14 and may agree to transfer the case to a New York state court.
Seven electronics manufacturers, including Samsung and Sharp, reached a settlement of US$553 million with a group of indirect purchasers yesterday, marking what may be the largest indirect purchaser antitrust settlement in US history.
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.
The US Court of Appeals for the Third Circuit has upheld a US$295 million class action settlement against diamond wholesaler De Beers, overturning a previous decision that put the settlement in legal limbo.
Venable has hired Robert Davis, former attorney adviser to US Federal Trade Commission chairman Jon Leibowitz, as counsel in its Washington, DC antitrust practice.
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