Recent Development in Antitrust and International Trade Law

DOJ REQUIRES DIVESTITURES IN VERIZON’S ACQUISITION OF ALLTEL

October 30, 2008 at 11:59 pm

On October 30, 2008, the Department of Justice (“DOJ”) required Verizon Communications Corp. (“Verizon”) to divest assets in 100 locations in 22 States for its acquisition of Alltel Corp. (“Alltel”) to proceed. The divestitures cover the States of Alabama, Arizona, California, Colorado, Georgia, Idaho, Illinois, Iowa, Kansas, Minnesota, Montana, Nebraska, […]

DOJ ENDS INVESTIGATION INTO MERGER BETWEEN DELTA AND NORTHWEST

October 29, 2008 at 11:58 pm

On October 29, 2008, the Department of Justice (“DOJ”) decided to end its investigation into the proposed merger between Delta Air Lines, Inc. (“Delta”) and Northwest Airlines Corporation (“Northwest”). The DOJ believes that the merger will result in substantial and credible efficiencies for the two companies, which would translate into […]

EL PASO BUSINESSMAN PLEADS GUILTY TO ROLE IN CONSPIRACY TO RIG BIDS AND ALLOCATE CUSTOMERS FOR THE DOOR AND HARDWARE CONTRACTS

October 28, 2008 at 11:56 pm

On October 28, 2008, Humberto “Beto” Lopez, vice president of El Paso Steel Doors and Frames Inc., pled guilty to conspiring to rig bids and allocate customers for certain contracts for sales of doors and other hardware for various construction projects in the El Paso area. Mr. Lopez has also […]

NY MARINE PRODUCTS SUPPLIER PLEADS GUILTY TO CONSPIRACY TO COMMIT BRIBERY

October 23, 2008 at 11:56 pm

On October 23, 2008, American Composite Timbers (“ACT”), a plastic marine pilings supplier located in Commack, NY, pled guilty and agreed to pay a criminal fine for its role in a conspiracy to commit bribery in connection with a project to repair New York’s Pier 86 where the Intrepid Sea, […]

FTC CHALLENGES PROPOSED ACQUISITION OF NEWPARK ENVIRONMENTAL SERVICES BY CCS CORPORATION

October 23, 2008 at 11:55 am

On October 23, 2008, the Federal Trade Commission (“FTC”) challenged CCS Corporation’s (“CCS”) proposed $85 billion acquisition of Newpark Environmental Services (“Newpark”), a division of Newpark Resources, Inc. The FTC alleged that the proposed transaction would have combined two of only three providers of waste disposal services to the offshore […]

DOJ DOES NOT CHALLENGE CONSORTIUM’S RADIO FREQUENCY PATENT LICENSING AGREEMENT

October 21, 2008 at 11:53 pm

On October 21, 2008, the Department of Justice (“DOJ”) decided not to challenge a joint licensing agreement by RFID Consortium LLC (“RFID”) for patents to comply with ultra high frequency radio frequency identification (“UHF RFID”) technology, which has a variety of uses including airline baggage tracking, retail product inventory and […]

DOJ BLOCKS JBS’S ACQUSIITION OF NATIONAL BEEF PACKING COMPANY

October 20, 2008 at 11:51 pm

On October 20, 2008, the Department of Justice (“DOJ”) filed a civil antitrust lawsuit to prevent JBS’s proposed acquisition of National Beef Packing Company LLC (“National”). JBS is the world’s largest beef packer and the third largest in the United States with annual sales in the United States exceeding $6 […]

DOJ REQUIRES DIVESTITURE IN MANITOWOC’S ACQUISITION OF ENODIS

October 6, 2008 at 4:42 pm

On October 6, 2008, the Department of Justice (“DOJ”) entered into a settlement agreement requiring The Manitowoc Company (“Manitowoc”) to divest its entire U.S. ice machine business to allow its $2.7 billion acquisition of Enodis Plc (“Enodis”) to proceed. Manitowoc and Enodis are two of the only three manufacturers of […]

SHIPPING EXECUTIVES CHARGED WITH CONSPIRACY TO ELIMINATE COMPETITION AND RAISE PRICES FOR MOVEMENT OF GOODS BETWEEN THE U.S. AND PUERTO RICO

October 1, 2008 at 4:40 pm

On October 1, 2008, four U.S. shipping company executives including Peter Baci of Jacksonville, FL, Kevin Gill and Gregory Glova of Charlotte, NC, and Gabriel Serra of San Juan, Puerto Rico pled guilty for their role in a broad conspiracy to rig bids, fix prices, and allocate market share for […]