Recent Development in Antitrust and International Trade Law

COMMERCIAL REFRIGERATION COMPANY AND EXECUTIVE INDICTED FOR RIGGING BIDS ON CONTRACTS TO SAFEWAY GROCERY STORES IN ARIZONA

August 14, 2007 at 12:11 pm

On August 14, 2007, the DOJ announced that a federal grand jury in Phoenix returned an indictment charging a commercial refrigeration company and its co-owner with participating in a conspiracy to rig bids on contracts for the installation of commercial refrigeration equipment in Safeway Inc. grocery stores in the Phoenix […]

FTC Challenges Jarden Corp.’s Proposed Acquisition of K2 Incorporated

August 9, 2007 at 1:44 pm

On August 9, 2007, the Federal Trade Commission announced a complaint challenging Jarden Corporation’s (Jarden) proposed $1.2 billion acquisition of sporting equipment manufacturer K2 Incorporated (K2). FTC alleges that the deal would be anticompetitive and detrimental to consumers of monofilament fishing line. Monofilament fishing line is the most widely-used and […]

Commission Rules that Evanston Northwestern Healthcare Corp.’s Acquisition of Highland Park Hospital Was Anticompetitive but doesn’t order divestiture

August 7, 2007 at 1:47 pm

On August 7, 2007, the Federal Trade Commission overruled its in-house judge’s previous decision to break up a seven year old hospital merger, allowing it to stay intact even though the deal caused prices to increase. Evanston Northwestern Healthcare Corporation (ENH) acquired Highland Park Hospital in January 2000, and as […]

CFIUS Reform

August 7, 2007 at 12:05 pm

On July, 25 President Bush signed a bill that will reinforce the review process of foreign acquisitions in the United States, and secure an open environment for foreign investment that is critical to the U.S. economy. The final law does not alter the review period of the first and second […]

Virginia Executive Agrees to Plead Guilty to Bid Rigging on Contracts with the U.S Navy and Others

August 7, 2007 at 11:37 am

On August 7, 2007, the DOJ announced that William Alan Potts, the vice president of a Virginia marine products company agreed to plead guilty, serve a sentence and pay a criminal fine for his role in a conspiracy to rig bids and allocate customers with respect to marine products purchased […]

Justice Department Seeks Appointment of Trustee to Sell Mittal Steel’s Sparrows Point Steel Mill

August 6, 2007 at 11:33 am

On August 6, 2006 the DOJ’s Antitrust Division requested a federal judge in Washington, D.C. to appoint a trustee to sell Mittal Steel Company N.V.’s Sparrow Point facility that’s located near Baltimore to resolve antitrust concerns related to Mittal’s proposed acquisition of Arcelor S.A. The acquisition as originally proposed would […]

British Airways Plc and Korean Air Lines Co. Ltd. agree to plead

August 1, 2007 at 1:11 pm

On August 1, 2007 the DOJ’s Antitrust Division announced that British Airways Plc and Korean Air Lines Co. both pled guilty and individually agreed to pay $300 million each in criminal fines for their roles in conspiracies to fix the prices on passenger and cargo flights. The DOJ stated that […]