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newratings.com  Aug 25  Comment 
SUNNYVALE (dpa-AFX) - The Federal Trade commission said Monday that Three affiliated hedge fund companies and their management company, Third Point LLC, have agreed to settle Federal Trade Commission charges that they violated premerger reporting...
Financial Times  Aug 24  Comment 
Third Point settles charges of violating antitrust rules when it bought Yahoo shares
MarketWatch  Aug 24  Comment 
The Federal Trade Commission and Justice Department on Monday announced a settlement with Third Point LLC over allegations the New York hedge fund failed to properly file for antitrust clearance when it built its position in Yahoo Inc. in late 2011.
newratings.com  Aug 21  Comment 
REDMOND (dpa-AFX) - Microsoft Corp.(MSFT) filed U.S. antitrust lawsuit in federal court in Wilmington, Delaware, claiming InterDigital Inc. (IDCC) has been violating its pledge to offer fair and reasonable licenses on patents related to...
Yahoo  Aug 18  Comment 
NEW YORK/DETROIT, Aug 18 (Reuters) - Football players at Northwestern University may have lost a bid to unionize on Monday, but a broader legal challenge has targeted the practice of excluding college athletes from sharing in the multibillion...
Forbes  Aug 17  Comment 
Nearly seventeen months ago, the 13th Department of the National Labor Relations Board ruled the scholarship athletes on the Northwestern University football team are employees and thus may vote to form a union.  Today, the full National Labor...
New York Times  Aug 14  Comment 
Google unveiled a new version of its Chrome operating system, along with Chromebook computing devices made by Dell. It’s been busy week for the company that’s reinventing itself as Alphabet while dealing with antitrust concerns in Europe.
Yahoo  Aug 13  Comment 
The U.S. Federal Trade Commission on Thursday released unprecedented guidance on a section of business antitrust law that bars "unfair competition," but stopped well short of offering the level of detail long sought by businesses. Saying its...
New York Times  Aug 13  Comment 
The move comes just days before an Aug. 17 deadline that Europe’s competition authorities had set for Google to respond to the accusations.




 
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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