Recent Development in Antitrust and International Trade Law

FTC Approves Final Consent Order in Matter of DirectRevenue LLC, et al.; FTC Approves Final Consent Order in Matter of Sony BMG Music Entertainment

June 29, 2007 at 10:38 am

On June 29, the FTC approved a final consent order in the matter concerning DirectRevenue, LLC, et al. with a vote of 4-1, with Commissioner Jon Leibowitz voting no and issuing a dissenting statement. The FTC also approved a final consent order in the matter of Sony BMG Music Entertainment, […]

Welcome!

June 29, 2007 at 2:23 am

This is a new entry to test your Movable Type installation. We have installed Movable Type on your server and configured the paths for the initial weblog in the system per your request. Do not delete this weblog (“First Weblog”) unless you know what you are doing, because it is […]

FTC Issues Administrative Complaint Seeking to Block Whole Foods Market’s Acquisition of Wild Oats Markets

June 28, 2007 at 5:41 pm

On June 28, the FTC issued a complaint challenging Whole Foods Market Inc.’s approximately $670 million acquisition of Wild Oats Markets Inc. under the grounds that this transaction would violate federal antitrust laws by eliminating the substantial competition between these two uniquely close competitors in the operation of premium natural […]

JAPANESE ADVISORY PANEL ISSUES RECOMENDATIONS

June 26, 2007 at 2:57 pm

On June 26, 2007 the Japanese Government’s Advisory Panel on Basic Issues Regarding the Anti-Monopoly Act (“the Panel”) concluded its series of roundtable discussions. Since 2005, the Panel has met in order to discuss and update the Act Concerning Prohibition of Private Monopolization and Maintenance of Fair Trade. The Panel […]

FTC Stops Alleged Extortion Scheme Aimed At Hispanics Nationwide

June 21, 2007 at 11:51 am

On June 21, a federal court stopped an operation that allegedly victimized Spanish-speaking consumers nationwide by posing as debt collectors seeking payments consumers did not owe. From 2003 to 2005 the defendants had been allegedly selling an English-language instruction course, “Inglés con Ritmo,” advertised on Spanish-language television and the defendants’ […]

Justice Department Files Joint Status Report On Microsoft’s Compliance With The Final Judgments

June 19, 2007 at 4:12 pm

On June 19, the DOJ reached an agreement with Microsoft Corporation to resolve a complaint by Google regarding Microsoft’s desktop search function in Windows Vista. In a joint filing with the court, the DOJ, 17 state Attorneys General, and the District of Columbia said that the agreement, which aims to […]

FTC Charges Company With Financing Fraudulent Telecom Services Scheme

June 16, 2007 at 11:30 am

On June 6, following the NorVergence Inc. telecommunications fraud case won by the FTC in 2005, the agency charged a company with violating federal law by helping to finance the scheme and continuing to seek payment from defrauded consumers. In 2004, a federal court voided 1,600 NorVergence contracts with small […]

Justice Department Reaches Agreement Requiring Divestitures in Merger of First Busey Corporation and Main Street Trust Inc.

June 12, 2007 at 2:52 pm

On June 12, the DOJ, First Busey Corporation, a financial holding company headquartered in Urbana, Illinois, with approximately $2.5 billion in assets, and Main Street Trust Inc., a financial holding company headquartered in Champaign, Illinois with about $1.6 billion in assets, entered into a settlement where the parties agreed to […]

FTC Asks Court to Shut Down Illegal Pyramid Operation

June 12, 2007 at 11:45 am

On June 12, the FTC asked the court to halt the deceptive practices and misrepresentations and to freeze the BurnLounge’s assets, pending a trial, to preserve them for consumer redress. On June 6, 2007, the FTC filed a complaint in the U.S. District Court for the Central District of California […]

Statement of the Department of Justice Antitrust Division on Its Decision to Close Its Investigation of Chicago Mercantile Exchange Holdings Inc.’s Acquisition of CBOT Holdings Inc.

June 11, 2007 at 2:50 pm

On June 11, the DOJ issued a statement after announcing the closing of the investigation of CBOT Holdings Inc. by Chicago Mercantile Exchange Holdings Inc. After an extensive investigation of both the Chicago Mercantile Exchange’s (“CME”) proposed acquisition of CBOT and the 2003 agreement under which CME provides clearing services […]