Antitrust and Competition Law
July 10, 2017
In a putative class action against a bank that processed payday loans issued by non-party lenders, a consumer failed to allege a plausible claim under the federal RICO statute or New York’s Deceptive Acts and Practices Law, the federal district court in Central Islip, New York, has ruled. The plaintiff failed to plead either a viable association-in-fact enterprise or the...
Toshiba fails to convince European High Court that reduced level of participation in cartel warrants reduction of €61.4M fineJuly 07, 2017
The European Court of Justice has upheld a €61.4 million fine (approximately $70 million) against Toshiba for its participation in a cartel that effectively divided the market share in Europe for gas insulated switchgear projects. The court rejected the contention that the fine did not accurately reflect Toshiba’s reduced level of culpability in the infringement compared to that of its...
July 06, 2017
Indirect purchasers of the hypertension drug Diovan could not pursue federal antitrust claims against Novartis Pharmaceuticals, which allegedly defrauded the U.S. Patent and Trademark Office and unlawfully monopolized the market for Diovan, the federal district court in Chicago has ruled. The court denied the plaintiffs’ request for a declaratory judgment of patent invalidity—with respect to a Novartis patent on a...
June 30, 2017
The FTC, along with the Justice Department, has approved changes to the form that companies use to report a proposed merger, acquisition, or similar transaction under the Hart-Scott-Rodino Antitrust Improvements Act. The Antitrust Act Notification and Report Form (HSR Form) is designed to provide the FTC and the Antitrust Division of DOJ with the necessary information for an initial evaluation...
Wolters Kluwer congratulates Herb Hovenkamp, author of Antitrust Law, who has been named the University of Pennsylvania’s 21st Penn Integrates Knowledge University Professor, effective July 2. A world-renowned scholar of antitrust law and policy, Hovenkamp will be the James G. Dinan University Professor, with joint faculty appointments in the Law School and in the Department of Legal Studies and Business Ethics at the Wharton School. Read what Bill Baer, Assistant Attorney General for Antitrust, had to say about Herb.
Wolters Kluwer would like to congratulate, Corporate Legal Compliance Handbook author, Ted Banks, on being honored in The National Law Journal's inaugural list of 50 Governance, Risk & Compliance Trailblazers & Pioneers. Click here for the full article.
Prof. Hovenkamp was recently quoted on Marketplace Morning Report in regards to Google Chairman Eric Schmidt testifying before the Senate Judiciary Committee as the tech company is under scrutiny for possible antitrust violations and uncompetitive practices. Prof. Hovenkamp does not feel there are antitrust violations with Google’s search engine sending searchers to other Google sites. He was quoted as saying “It's very, very easy and costless for customers to switch away from Google if Google is not serving them well.”
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- Antitrust Law: An Analysis of Antitrust Principles and Their Application
- Business Franchise Guide
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- Foreign Commerce and the Antitrust Laws, Fifth Edition
- IP and Antitrust: An Analysis of Antitrust Principles Applied to Intellectual Property Law
- State Unfair Trade Practices Law