Recent Developments in Antitrust

Justice Department Requires Divestitures in $1.5 Billion Merger of Monsanto and Delta & Pine Land

May 31, 2007 at 2:43 pm

On May 31, the Monsanto Company and Delta & Pine Land Company (“DPL”) were required to divest a significant seed company, multiple cottonseed lines, and other valuable assets in order to proceed with their $1.5 billion merger. Monsanto was also required to change certain license agreements as a condition for […]

FTC Testifies on Government Agencies’ Collection and Use of Personal Information and Identity Theft

May 31, 2007 at 11:24 am

On May 31, the FTC asserts that public agencies can help reduce the incidence and impact of identity theft. The FTC, in a discussion with the Ohio Privacy and Public Records Access Study Committee in Columbus, also affirms that government agencies should limit the amount of information they collect, restrict […]

FTC Chairman Deborah Platt Majoras Participated in Sixth Annual International Competition Network Conference in Moscow, Russia

May 24, 2007 at 5:09 pm

On May 24, FTC Chairman Deborah Platt Majoras participated in the sixth annual International Competition Network (“ICN”) Conference in Moscow, Russia, from May 30-June 1, 2007. Senior government antitrust officials, private sector antitrust experts from around the world, and representatives from intergovernmental organizations met to discuss competition issues. The ICN […]

FTC Testifies Before Congress on Petroleum Industry Consolidation

May 23, 2007 at 5:06 pm

On May 23, Bureau of Economics Director Michael A. Salinger described the FTC’s initiatives to protect competitive markets in the production, distribution, and sale of gasoline through the agency’s comprehensive merger program on behalf of the FTC before the U.S. Congress’ Joint Economic Committee. Although the FTC does not regulate […]

FTC Testifies on Market Forces, Competitive Dynamics, and Gasoline Prices

May 22, 2007 at 5:04 pm

On May 22, Commissioner William E. Kovacic detailed the FTC’s varied initiatives to protect competitive markets in the production, distribution, and sale of gasoline and other petroleum products before the U.S. House of Representatives Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce. The petroleum industry plays […]

Justice Department Files Antitrust Lawsuit Against Daily Gazette Company and MediaNews Group

May 22, 2007 at 2:37 pm

On May 22, the DOJ filed a civil antitrust lawsuit that required the Daily Gazette Company and MediaNews to undo their transaction and restore the competition that existed before May 2004, alleging that the Daily Gazette Company violated the antitrust laws when it acquired the Daily Mail newspaper from MediaNews. […]

Texas Hedge Fund Manager Will Pay Civil Penalty for Violating Antitrust Premerger Notification Requirements

May 21, 2007 at 2:35 pm

On May 21, Mr. James D. Dondero, a Texas hedge fund manager, entered a settlement with the DOJ where he agreed to pay $250,000 for alleged charges of violating premerger reporting requirements. According to the complaint, Mr. Dondero acquired stock of Motient Corp. (“Motient”), based in Reston, Virgina, where he […]

FTC Recovers $160,000 for Franchisees Who Bought Web Services Businesses

May 15, 2007 at 11:22 am

On May 15, the FTC banned Elliot Krasnow from ever promoting or selling franchises or business opportunities ever again. Along with his company Netvertise, Inc, Krasnow returned $160,000 to consumers after the FTC charged that they used bogus earnings claims to lure franchisees into buying their Web services businesses, and […]

Justice Department Settles Civil Contempt Claim Against Allied Waste Industries Inc.

May 8, 2007 at 2:24 pm

On May 8, the DOJ reached a settlement with Allied Waste Industries Inc., the second largest non-hazardous solid waste management company in the United States, with annual revenues of $6 billion. Allied agreed to pay $125,000 for its alleged violations of a 2000 consent decree entered in connection with Allied’s […]

U.S. Department of Justice and Federal Trade Commission Issue Report on Competition in the Real Estate Brokerage Industry

May 8, 2007 at 2:21 pm

On May 8, the DOJ and the FTC issued a joint report, “Competition in the Real Estate Brokerage Industry,” to inform consumers and others involved in the industry about important competition issues involving residential real estate, including the impact of the Internet, the competitive structure of the real estate brokerage […]