Search Results for: antitrust

The European Commission (EC) Tuesday announced its decision to prohibit US biotechnology company Illumina’s acquisition of the cancer-test provider GRAIL, citing concerns on the takeover’s impact on competition in the market. The Commission opened an in-depth investigation into the proposed acquisition last July, citing concerns that Illumina could engage in vertical input foreclosure strategies considering [...]

US representatives Tuesday unveiled new legislation which would subject airlines to penalties for selling tickets or delaying or canceling flights when they know they do not have sufficient staff to safely conduct the flight. Jan Schakowsky (D-IL) and David Cicilline (D-RI) unveiled the Ensuring Friendly Skies for Passengers Act to empower the Federal Trade Commission [...]

Trial began Monday with opening remarks in the merger case United States v. Penguin Random House. The US Department of Justice (DOJ) is challenging the recent purchase of publishing house Simon & Schuster by Penguin Random House as a violation of US antitrust law. Penguin Random House began the purchase process of Simon & Schuster [...]

The US Department of Justice (DOJ) Monday filed a civil lawsuit against three large poultry corporations alleging the companies collaborated to maintain competition against other corporations by underpaying workers. The antitrust lawsuit accuses three companies accounting for 90 percent of poultry processing jobs nationwide of running a “conspiracy to exchange information about wages and benefits [...]

The European Union (EU) Commissioner for Competition Margrethe Vestager Monday accused Apple of restricting competition in the iOS mobile wallets market due to its exclusivity toward Apple Pay. Vestager announced: Mobile payments play a rapidly growing role in our digital economy. It is important for the integration of European Payments markets that consumers benefit from [...]

A federal class action antitrust complaint was filed Wednesday against Google for allegedly leveraging its dominance in the GPS navigation mapping market through improperly and unlawfully connecting Google Maps, Waze, and related services.  This allegedly locks app developers into the “Google ecosystem” and subjects them to “egregious and anticompetitive price hikes.” The lawsuit was jointly [...]

Apple CEO Tim Cook Tuesday publically criticized pending antitrust regulation in the US and Europe while speaking at the International Association of Privacy Professionals (IAPP) Global Privacy Summit 2022 General Session in Washington DC. Security is the foundation of privacy. Cook warned these pending regulations could put “privacy and security at risk.” Apple is in favor of privacy [...]

The European Parliament and Council agreed to changes to the Digital Markets Act Thursday, ending anti-competitive behavior of big tech companies. The agreement introduced gatekeeper platforms, which would function as sanctions on the digital economy from market dominance constituting  EU competition law breaches. These so-called platforms would prohibit bundling services and self-preferencing practices of tech companies. The [...]

The Superior Court of the District of Columbia Friday dismissed a lawsuit brought by DC Attorney General Karl Racine against Amazon for violating the District of Columbia Antitrust Act. Judge Hiram Puig-Lugo granted the motion to dismiss. Racine filed suit in May of 2021 on behalf of the District. The complaint alleged that Amazon’s pricing [...]

The US House of Representatives passed a bill Thursday that would prevent companies from enforcing agreements with employees and consumers requiring legal disputes to be settled in private arbitration, rather than in the courts. The bill passed in the House on a 222-209 vote, with all 221 Democrats voting in favor and all but one [...]