Recent Developments in Antitrust

FTC Advises “Save This Date”

July 31, 2006 at 3:29 pm

The Federal Trade Commission will host three days of public hearings to examine how evolving technology will shape and change the habits, opportunities and challenges of consumers and businesses in the coming decade. The event will bring together experts from business, government and technology sectors, consumer advocates, academicians, and law […]

FTC Stops Family and Companies Selling Illegal Business Opportunity

July 31, 2006 at 3:22 pm

On July 31, the U.S. District Court for the Northern District of Georgia barred a purported former preacher, his two sons, and his companies from selling a healthcare business opportunity promising consumers millions of dollars if they participated in an alleged network of Medicaid providers. In fact, according to the […]

FCC to Release Bidder Interests and Identities for Auction No. 66

July 28, 2006 at 2:28 pm

On July 28, the FCC issued a public notice in which its Wireless Telecommunications Bureau (“Bureau”) identifies 168 applicants found to be qualified to bid in the upcoming auction of Advanced Wireless Services licenses in the 1710-1755 MHz and 2110-2155 MHz bands (“AWS-1”) (Auction No. 66). Bidding in Auction No. […]

Canadians Selling Bogus Credit Card Protection and Healthcare Discount Plans Settle FTC Charges

July 26, 2006 at 3:27 pm

Canadian telemarketers settled Federal Trade Commission (“FTC”) charges on July 26 that they fraudulently marketed and sold credit card loss protection and healthcare discount plans to U.S. consumers in violation of federal law. Their telemarketing boiler rooms were shut down, and they will pay $200,000 in consumer redress as part […]

First EC Investigation of Chinese-EU Merger Ends After Deal Scrapped

July 26, 2006 at 1:50 pm

On July 21, China International Marine, Inc. and Netherlands-based Burg Industries stated that their merger announced in February, which would have created one of the world's largest container makers, would be scrapped. This merger, valued at approximately $104 million, would have effectively combined the two companies under a single holding […]

Rare Japanese Takeover Rejected

July 26, 2006 at 9:49 am

On July 26, Oji, Japan’s largest paper manufacturer said it would go ahead with a tender offer for sixth-ranked Hokuetsu in a deal that could exceed $1.4 billion, a rare attempt at a hostile takeover in a society where deals are generally more cautious and consensus-led. An Oji-Hokuetsu merger would […]

FTC Testifies on Competition in the Real Estate Brokerage Industry

July 25, 2006 at 3:33 pm

On July 25, the Federal Trade Commission (“FTC” or “Commission”) told the Subcommittee on Housing and Community Opportunity of the House Financial Services Committee that changes in the real estate industry, which increasingly incorporate the Internet into their business models, give consumers “the choice to save potentially thousands of dollars […]

Upfront Buyer and No Upfront Buyer Required in Linde/BOC

July 18, 2006 at 9:51 am

On July 18, the FTC announced that it reached a settlement that would allow Linde AG’s acquisition of the BOC Group to proceed. As is typical in merger reviews, the FTC staff focused on specific product overlaps to determine what assets needed to be divested to resolve the antitrust concerns. […]

House of Lords Overturns Landmark Inntrepreneur v Crehan case

July 18, 2006 at 9:47 am

On July 18, Britain's House of Lords overturned the Court of Appeal's decision in Inntrepreneur Pub Company and others v Crehan, the first case in which a UK court awarded damages for harm suffered as a result of a competition law infringement. As a result, there is now no longer […]

The European Commission Proposes to Modernize the Single Market for Aviation

July 18, 2006 at 9:39 am

On July 18, Jacques Barrot, the European Commission's (“Commission” or “EC”) Vice-President in charge of transport, announced the Commission's intention to improve legislation in relation to the single market for aviation. While the Commission believes that the liberalization of the airline industry brought considerable benefits to consumers, such as reduced […]