Recent Development in Antitrust and International Trade Law

FTC ALLOWS SCHERING-PLOUGH TO ACQUIRE MERCK

October 29, 2009 at 9:56 am

On October 28, 2009, the FTC approved Schering-Plough’s $41.1 billion acquisition of Merck, on the condition that certain divestitures were made. On March 8, 2009, Schering-Plough proposed to acquire Merck and rename the surviving entity Merck. According to the FTC’s complaint, Schering-Plough’s acquisition of Merck would have reduced competition in […]

FTC SETTLES WITH PFIZER REGARDING ITS ACQUISITION OF WYETH

October 14, 2009 at 2:31 pm

On October 14, 2009, the Federal Trade Commission (“FTC”) settled with Pfizer Inc. regarding its proposed $68 billion acquisition of Wyeth. According to the FTC, the proposed transaction would have reduced competition in several U.S. markets for the manufacture and sale of animal vaccines and animal pharmaceutical products. Veterinarians and […]

ICE PACKAGING COMPANY AND ITS EXECUTIVES PLEAD GUILTY TO CUSTOMER ALLOCATION CONSPIRACY

October 13, 2009 at 4:16 pm

On October 13, 2009, Arctic Glacier International (“AGI”) and three of its former executives, Frank Larson (former senior VP of operations), Keith Corbin (former VP of sales), and Gary Cooley (former VP of sales and marketing), pled guilty for their role in a conspiracy to allocate customers of packaged-ice in […]

DOJ REQUIRES DIVESTITURES IN AT&T’S ACQUISITION OF CENTENNIAL

October 13, 2009 at 2:19 pm

On October 13, 2009, the Department of Justice (“DOJ”) settled with AT&T Inc. (“AT&T”) regarding its $944 million acquisition of Centennial Communications Corp. (“Centennial”). Specifically, AT&T is required to divest its assets in eight Cellular Marketing Areas (“CMA”), as defined by the Federal Communications Commission (“FCC”), in southwestern and central […]

FTC SETTLES REGARDING CARILION’S 2008 ACQUISITION OF TWO OUTPATIENT CLINICS IN VIRGINIA

October 7, 2009 at 2:14 pm

On October 7, 2009, the Federal Trade Commission (“FTC”) settled its litigation regarding Carilion Clinic’s (“Carilion”) acquisition of two outpatient clinics. On July 24, 2009, the FTC issued an administrative complaint challenging Carilion’s August 2008 acquisition of two outpatient clinics in the Roanoke, Virginia area. Prior to the acquisition, the […]