Legislation Antitrust

  • Dec 2- A federal appeals court on Friday threw out an antitrust verdict that ordered medical device maker Becton Dickinson and Co to pay rival Retractable Technologies Inc $340 million in damages over its marketing of safety syringes. The 5th U.S. Circuit Court of Appeals in New Orleans called Retractable's claim that Becton violated the Sherman Act by trying...

  • SYDNEY, Nov 29- Australia's antitrust regulator said on Tuesday it is likely to deny four local banks permission to collectively bargain with Apple Inc in relation to its mobile digital payments system. But the preliminary decision was "finely balanced" and could be reversed if the banks make a convincing case before a final opinion is due in March, Australian...

  • SYDNEY, Nov 29- Three of Australia's four biggest banks will be barred from collectively bargaining with Apple Inc over its mobile digital payments system, under a draft decision released by the antitrust regulator on Tuesday. Allowing banks to collectively offer their own digital wallets in Apple iPhones, in competition with Apple's Apple Pay system, would...

  • SYDNEY, Nov 29- Three of Australia's four biggest banks will be barred from collectively bargaining with Apple Inc in relation to its mobile digital payments system, under a draft decision released by the antitrust regulator on Tuesday. The Australian Competition and Consumer Commission said letting banks collectively offer their own integrated digital...

  • President-elect Donald Trump's transition team for the Justice Department, a choice that lawyers say signals a more hands-off approach to antitrust enforcement compared to Democratic President Barack Obama. David Higbee, a partner at the law firm Hunton& Williams LLP, worked for President George W. Bush's administration from 2001 to 2005, spending the last...

  • *Banks still face prosecution in Australia over conduct. The two Australian banks said in separate statements they offered to pay the fines after the antitrust agency started court proceedings over the companies' actions in Singapore when trading foreign exchange contracts for the Malaysian ringgit in 2011.. "These proceedings are a reminder that...

  • *Banks still face prosecution in Australia over conduct. The two Australian banks said in separate statements they offered to pay the fines after the antitrust agency started court proceedings over the companies' actions in Singapore when trading foreign exchange contracts for the Malaysian ringgit in 2011.. "These proceedings are a reminder that...

  • *Banks still face prosecution in Australia over conduct. The two Australian banks said in separate statements on Friday they offered to pay the fines after the antitrust agency started court proceedings over the companies' actions in Singapore when trading foreign exchange contracts for the Malaysian ringgit in 2011.. "These proceedings are a reminder that...

  • BRUSSELS, Nov 23- EU antitrust regulators are set to give conditional clearance to Microsoft's $26 billion takeover of professional social network LinkedIn, three people familiar with the matter said on Wednesday. As part of the EU approval, the U.S. software company will make some minor changes to concessions submitted last week following feedback from...

  • SAO PAULO, Nov 23- Brazil's antitrust agency Cade said on Wednesday it has settled a 17- year-old case against Brazilian orange juice producers accused of colluding to reduce prices paid to farmers. Brazil is the world's largest orange juice producer and exporter, representing half of the juice sold worldwide. Citrosuco later merged with Fischer and along...

  • SAO PAULO, Nov 23- Kroton Educacional SA is considering disposing of Estácio Participações SA's entire distance-learning business to secure Brazilian antitrust approval for the country's largest education industry takeover, according to two people familiar with the plan. Belo Horizonte- based Kroton and Rio de Janeiro- based Estácio declined to...

  • SAO PAULO, Nov 16- Brazil's antitrust agency Cade on Thursday said it had reached a leniency accord with construction company Andrade Gutierrez Engenharia SA related to allegedly forming a cartel to build a massive hydroelectric dam in the Amazon rainforest. The accord, which could reduce any penalties in return for the company's cooperation, is one of...

  • Nov 16- The chief executive of Alphabet Inc's Google and the European Union's antitrust chief will meet on Friday, following the U.S. technology group's formal rejection this month of a spate of charges, including blocking rivals in online search advertising. Google Chief Executive Sundar Pichai will meet in Brussels with EU Competition Commissioner...

  • BRUSSELS, Nov 16- Microsoft has offered concessions to EU antitrust regulators over its $26 billion bid for social network LinkedIn, the European Commission said on Wednesday, as the U.S. software company seeks to allay concerns over its largest ever deal. The Commission, which will rule on the deal by Dec. 6, did not provide details. LinkedIn makes most of its $3...

  • BRUSSELS, Nov 15- EU antitrust regulators are set to fine Europe's biggest bank HSBC, JPMorgan and Credit Agricole by the end of the year for rigging financial benchmarks linked to the euro, two people familiar with the matter said on Tuesday. The European Commission could penalise HSBC, JPMorgan and Credit Agricole next month, the people said.

  • BRUSSELS, Nov 15- EU antitrust regulators are set to clear German container shipping line Hapag-Lloyd's merger with United Arab Shipping Company after the latter agreed to withdraw from some vessel sharing agreements, two people familiar with the matter said on Tuesday. The combined company, valued at about 7 to 8 billion euros, would be the world's fifth...

  • Mylan EpiPen

    A U.S. Senate committee urged regulators to launch a probe into whether EpiPen maker Mylan broke the law by preventing schools from purchasing competing allergy treatments.

  • WASHINGTON, Nov 7- Valeant Pharmaceuticals, which owns eye care products maker Bausch& Lomb, has agreed to sell Paragon Holdings to settle allegations that its acquisition of the smaller company was illegal under antitrust law, the Federal Trade Commission said on Monday. Laval, Quebec- based Valeant has seen its stock price plunge since mid-2015 amid criticism...

  • WASHINGTON, Nov 7- The U.S. Senate Judiciary Committee urged federal antitrust regulators on Monday to launch a probe into whether EpiPen maker Mylan NV broke the law by preventing schools from purchasing competing allergy treatments. The bipartisan request to the Federal Trade Commission by Senate Judiciary Chairman Charles Grassley and Ranking Member...

  • The bipartisan request to the Federal Trade Commission by Senate Judiciary Chairman Charles Grassley and Ranking Member Patrick Leahy comes just a few weeks before the committee is slated to convene a hearing to scrutinize a pending $465 million settlement that Mylan has said will resolve claims it underpaid rebates to state and federal Medicaid...