RECENT NEWS
Reuters  Apr 4  Comment 
The United States has extradited a former executive of an Italian marine hose manufacturer to face price-fixing charges in what the Justice Department said was its first extradition on antitrust charges.     
Wall Street Journal  Apr 2  Comment 
European Union antitrust authorities slapped fines totaling $416 million on 10 producers of high-voltage power cables for operating a global cartel.
New York Times  Apr 1  Comment 
The Competition and Markets Authority of Britain plans to use “big data” to identify industries where traditional players are stifling competition from online rivals. The new regulator officially began operation on Tuesday.
Wall Street Journal  Mar 31  Comment 
Major global mergers are being held up by several months because China's antitrust authority has a relatively small staff and an unusually broad mandate, antitrust experts say.
FiercePharma  Mar 31  Comment 
The Federal Trade Commission is so fed up with "pay-for-delay" pharma deals, that it's hoping to reach a $1 billion settlement in at least one pharma antitrust case this year. That's the word from Deborah Feinstein, director of the FTC's Bureau of...
DailyFinance  Mar 29  Comment 
National consumer-rights law firm Hagens Berman Sobol Shapiro LLP announced today that a federal judge handed down two rulings that add to Apple’s (NASDAQ:AAPL) legal woes in its attempt to defend itself of charges the...
Reuters  Mar 28  Comment 
A federal judge in New York granted class certification on Friday to a group of consumers who sued Apple Inc for conspiring with five major publishers to fix e-book prices in violation of antitrust law.
Reuters  Mar 28  Comment 
The European Union is seeking to insulate its probe of Russia's gas export monopoly, Gazprom, which is suspected of anti-competitive behavior, from larger concerns about Russia's seizure of Ukraine's Crimean peninsula, Europe's top antitrust...
DailyFinance  Mar 28  Comment 
TORONTO, ON--(Marketwired - March 28, 2014) - McMillan is delighted to announce that its Competition/Antitrust Group has been honoured by Global Competition Review (GCR), with one of its landmark litigation victories selected as the...




 
TOP CONTRIBUTORS


US antitrust legislation or "competition law" focuses on three kinds of activity discouraging to competition: monopoly, mergers and acquisitions (M&A), and price fixing.

Monopolies and M&A are both regulated to keep companies from becoming too large or powerful within a single or a few industry sectors. M&A activity is particularly worth noting: many industries have been undergoing a phase of general consolidation in the past few years, and U.S. M&A activity has risen more than 31% since 2005 (2006 saw more than US$ 1.5 trillion's worth of activity). Price fixing is also carefully watched to prevent some companies from gaining an "unfair" advantage; antritrust lawsuits in this category tend to target cartels (groups of nominally independent companies that try to artificially establish relatively high prices by agreement across a number of market players).

U.S. Democrats are traditionally harder on antitrust than their Republican counterparts, and the 2008 presidential election will play an important part in determining the strength of the next round of antitrust legislation. In naming his new attorney general and head of the Federal Trade Commission, the new president will heavily influence the political leanings of the two departments with the most control over the outcome of antitrust lawsuits: the Department of Justice and the Federal Trade Commission.

Antitrust Losers

  • TXU and other large utility companies are at risk of antitrust lawsuits for various price-fixing or merger/acquisitions practices. The utilities sector is a particularly common antiturst target because of the high fixed costs/barrier to entry.
    • Telephony/communications, oil, chemicals manufacturing, banking, and cable industries are also strongly at risk for antitrust lawsuits.
  • Microsoft, Apple, and recently even Google are examples of companies that are dominant enough in an industry that any further merger/acquisitions activity is immediately under antitrust activity.

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Antitrust Winners

Legal and economic advisory firms like FTI Consulting, LECG, CRA International, Navigant Consulting, and Huron Consulting Group stand to benefit in all antitrust cases, as they assist parties on both sides by providing trial support services and expert testimony.

To Be Determined

  • XM and Sirius entered into a merger agreement in March 2007 which would leave only one company in the U.S. satellite radio business. Given that neither company has ever generated positive income, a combined company would likely eliminate overlapping costs and optimize operating efficiency. The companies argue against anti-trust worries, claiming their merged company would face heavy competition from traditional radio companies such as Clear Channel Communications (CCU) and CBS (CBS) as well as other audio options for consumers, such as iPods. It wasn't until July 29, 2008, that the two parent companies were able to have completed the long awaited merger. This meant that Sirius Satellite Radio had completed its acquisition of XM Satellite Radio and combining the two radio services to create a single satellite radio network in the United States.This merger brought the combined companies an approximate total of more than 18.5 million subscribers based on current subscriber numbers on the date of merging.
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