Recent Development in Antitrust and International Trade Law

FTC INTERVENES IN LUBRIZOL’S ASSET ACQUISITION IN 2007 FROM RIVAL LOCKHART

February 26, 2009 at 9:09 pm

On February 26, 2009, the Federal Trade Commission (“FTC”) intervened in Lubrizol Corporation’s (“Lubrizol”) 2007 acquisition of oxidate assets from its rival The Lockhart Company (“Lockhart”). On February 7, 2007, Lubrizol signed an asset purchase agreement with Lockhart to purchase Lockhart’s oxidate assets. Oxidate assets are chemical additives that are […]

FEDERAL CREOSOTE EMPLOYEE PLEADS GUILTY TO DEFRAUDING EPA AT SUPERFUND SITE

February 26, 2009 at 5:21 pm

On February 26, 2009, Christopher Tranchina, an employee of a company temporarily responsible for electrical utilities at the U.S. Environmental Protection Agency (“EPA”) designated Superfund site, Federal Creosote in Manville, NJ, pled guilty to defrauding the EPA at that site. According to the indictment, Mr. Tranchina and co-conspirators defrauded the […]

FTC INTERVENES IN LUBRIZOL’S ASSET ACQUISITION IN 2007 FROM RIVAL LOCKHART

February 26, 2009 at 9:15 am

On February 26, 2009, the Federal Trade Commission (“FTC”) intervened in Lubrizol Corporation’s (“Lubrizol”) 2007 acquisition of oxidate assets from its rival The Lockhart Company (“Lockhart”). On February 7, 2007, Lubrizol signed an asset purchase agreement with Lockhart to purchase Lockhart’s oxidate assets. Oxidate assets are chemical additives that are […]

JBS AND NATIONAL BEEF ABANDON DEAL

February 20, 2009 at 5:16 pm

On February 20, 2009, JBS and National Beef announced the abandonment of the JBS/National Beef transaction. The Antitrust Division filed an antitrust lawsuit in the U.S. District Court in Chicago to block the proposed acquisition, alleging that the deal would result in lower prices paid to cattle suppliers and higher […]