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MarketWatch  4 hrs ago  Comment 
StubHub has filed a lawsuit against Ticketmaster and the front office of the National Basketball Association’s Golden State Warriors, alleging that the two collaborated to cancel fans’ tickets when they used StubHub to resell them.
MarketWatch  7 hrs ago  Comment 
Zimmer Holdings secures approval in the European Union for its $13 billion acquisition of fellow orthopedic-device maker Biomet after agreeing to sell three businesses in Europe to assuage antitrust concerns.
Automotive World  Mar 27  Comment 
Company Also Enters Into Amendment and Waiver to Credit Agreement Visteon Corporation (NYSE: VC) announced today that it has received all antitrust approvals required for the previously announced sale of its approximately 70 percent ownership...
Wall Street Journal  Mar 26  Comment 
German business leaders clashed with Google Inc. and antitrust officials over how to regulate digital giants, in a heated public debate that underlines the depth of feeling in Germany over the power of U.S. Internet firms.
New York Times  Mar 25  Comment 
A federal judge had ruled the credit card company’s practice of banning retailers from encouraging customers to use lower-cost options violated antitrust laws.
Wall Street Journal  Mar 25  Comment 
Brazil’s antitrust regulator approved, with some conditions, Spanish telecom firm Telefónica SA’s purchase of Vivendi SA’s Brazilian unit, GVT.
MarketWatch  Mar 25  Comment 
As the federal government was wrapping up its antitrust investigation of Google, company executives had a flurry of meetings with top officials at the White House and Federal Trade Commission, the agency running the probe, reports The Wall Street...
Forbes  Mar 21  Comment 
A federal appeals court will reverse the decision in the O'Bannon likeness case, in the view of a D.C. lawyer familiar with antitrust rulings. The announcement may not come until the summer.
Reuters  Mar 20  Comment 
Brazil's antitrust regulator has secured the cooperation of some engineering firms and executives in the first leniency agreement arising from a bribery scandal at state-run Petrobras, the agency said on Friday.
Wall Street Journal  Mar 19  Comment 
Officials at the FTC concluded in 2012 that Google used anticompetitive tactics and abused its monopoly power in ways that harmed Internet users and competitors, a far harsher analysis of Google’s business than was previously known.




 
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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