Recent Development in Antitrust and International Trade Law

FTC MOVES TO BLOCK MERGER BETWEEN CCC INFORMATION SYSTEMS AND MITCHELL INTERNATIONAL

November 25, 2008 at 11:56 am

On November 25, 2008, the FTC moved to block a merger between CCC Information Systems Inc (“CCC”), a subsidiary of CCC Holdings Inc., and Mitchell International Inc (“Mitchell”), owned by Aurora Equity Fund III LP. Both companies provide services in estimatics, electronic systems used to estimate the cost of collision […]

ASSISTANT ATTORNEY GENERAL THOMAS, BARNETT OF THE DEPARTMENT OF JUSTICE’S ANTITRUST DIVISION RESIGNS

November 19, 2008 at 12:06 am

On November 19, 2008, Assistant Attorney General Thomas, Barnett of the Department of Justice’s Antitrust Division resigned. Under Mr. Barnett, the Antitrust Division acquired $1.8 billion in criminal fines against 50 corporations and 91 individuals. The Division was also responsible for 34 cases in which it filed to either block […]

UK OFT CLEARS INBEV’S $52 BILLION ACQUISTION OF ANHEUSER-BUSCH

November 18, 2008 at 12:57 am

On November 18, 2008, UK’s Office of Fair Trading (“OFT”) cleared InBev N.V/S.A.’s (“InBev”) $52 billion acquisition of Anheuser-Busch Companies Inc. (“Anheuser”). The new company, Anheuser-Busch InBev, will own InBev’s Stella Artois and Beck’s lager brands and Anheuser’s Budweiser lager brand. The transaction cleared the OFT without any conditions, even […]

CALIFORNIA EXECUTIVE PLEADS GUILTY TO CONSPIRE TO RIG BIDS FOR CONTRACTS TO SELL MARINE PRODUCTS

November 17, 2008 at 12:09 am

One November 17, 2008, Andrew Barmakian, the former president of a California-based marine products company, pled guilty and agreed to serve a sentence and pay a criminal fine for his role in a conspiracy to rig bids for contracts for marine products purchased by the U.S. Navy, the U.S. Coast […]

DOJ REQUIRES DIVESTITURE IN INBEV’S $52 BILLION ACQUISITION OF ANHEUSER-BUSCH

November 14, 2008 at 12:09 am

On November 14, 2008, the Department of Justice (“DOJ”) required Inbev N.V./S.A. (“Inbev”) to divest its subsidiary Labatt USA (“Labatt”) in order for Inbev’s $52 billion acquisition of Anheuser-Busch Companies Inc (“Anheuser-Busch”) to proceed. Along with the divestiture, Inbev must sell its license to brew, market, promote, and sell the […]

DOJ Allows InBev to Acquire Anheuser Busch

November 14, 2008 at 12:07 am

On November 14, the DOJ allowed InBev N.V./S.A. (“InBev”) to acquire Anheuser-Busch Companies, Inc. (“Anheuser-Busch”) on the condition that InBev divest Labatt USA. The DOJ was concerned that without the divestiture of Labatt USA, the merger was likely to lessen competition substantially in the market for beer in the metropolitan […]

EC IMPOSES RECORD FINE ON FOUR CAR COMPANIES FOR MARKET SHARING IN CAR GLASS CARTEL

November 12, 2008 at 12:56 am

On November 12, 2008, the European Commission (“EC”) imposed a €1.3 billion criminal fine on four car companies, Asahi, Pilkington, Saint-Gobain, and Soliver for their role in illegal market sharing and participating in the exchange of commercial sensitive information. These practices are prohibited under the Commission EC Treaty’s and the […]

THREE ELECTRONIC COMPANIES PLEAD GUILTY TO ROLE IN LCD PANEL PRICE FIXING CONSPIRACY

November 12, 2008 at 12:05 am

On November 12, 2008, LG Display Co. Ltd. (“LG”), Sharp Corp. (“Sharp”), and Chunghwa Picture Tubes Ltd. (“Chunghwa”) pled guilty for their role in a conspiracy to fix prices for liquid crystal display (“LCD”) panels and agreed to pay criminal fines totaling $585 million. LCD panels are used in computer […]

TWO EXECUTIVES ACQUITTED IN DOJ INVESTIGATION IN MARINE HOSE INDUSTRY

November 10, 2008 at 12:02 am

On November 10, 2008, Val M. Northcutt, an executive at Manuli Rubber Industries SpA (“Manuli”) and Francesco Scaglia, , an Italian National employed as a product manager for marine hoses for Manuli’s factory, were each found not guilty by a twelve member jury sitting in the United States District Court […]

YAHOO AND GOOGLE ABANDON AGREEMENT

November 5, 2008 at 12:01 am

On November 5, 2008, Yahoo! Inc. (“Yahoo!”) and Google Inc. (“Google”) ended their advertising agreement after the Department of Justice (“DOJ”) said that it would file an antitrust lawsuit to block the implementation of the agreement. According to the DOJ, both companies account for 90 percent of the Internet search […]