Recent Development in Antitrust and International Trade Law

FTC Approves Bosch's Acquisition of SPX

November 26, 2012 at 3:33 pm

On November 26, 2012, the Federal Trade Commission (“FTC”) announced that it will allow Robert Bosch GmbH (“Bosch”) to acquire SPX Service Solutions, U.S. LLC (“SPX”) after Bosch entered into a settlement agreement that resolves the FTC's allegations that Bosch's acquisition of SPX, as originally proposed, would have been anticompetitive. […]

Antitrust Division Sues eBay Over Non Solicitation Agreement

November 16, 2012 at 6:04 pm

On November 16, 2012, the Antitrust Division filed a civil antitrust lawsuit against eBay Inc., alleging that it violated antitrust laws when it entered into an agreement not to recruit or hire Intuit Inc.'s employees. The Antitrust Division's lawsuit was filed in the U.S. District Court in the Northern District […]

Renata Hesse Appointed as Head of Antitrust Division

November 16, 2012 at 5:21 pm

On November 16, the DOJ announced that Renata B. Hesse was appointed Acting Assistant Attorney General for the Antitrust Division. Ms. Hesse takes over for Joseph Wayland. In August 2012, Ms. Hesse became Deputy Assistant Attorney General for Criminal and Civil Operations in the Antitrust Division. Immediately prior to this […]

FTC Approves Hertz's Acquisition of Dollar Thrifty

November 16, 2012 at 12:21 am

On November 15, 2012, the FTC approved Hertz Global Holdings, Inc.'s (“Hertz”) acquisition to acquire Dollar Thrifty Automotive Group inc. (“Dollar Thrifty”). The transaction was cleared after Hertz agreed to sell its Advantage Rent A Car (“Advantage”) business including 43 on-airport locations as well as 29 Dollar Thrifty on-airport locations […]

Exelon Agrees to Pay $400,000 for Civil Contempt Violation

November 14, 2012 at 12:12 pm

On November 14, the DOJ's Antitrust Division entered into a settlement agreement that requires Exelon Corporation (“Exelon”) to pay $400,000 for a civil contempt violation of a consent decree. A consent decree is a binding agreement between the Antitrust Division and a defendant that is filed in federal district court […]

FTC Approves Corning's Acquisition of Beckton Dickinson's Discover Labware Division

November 10, 2012 at 11:09 am

On October 31, 2012, the FTC issued a press release announcing its consent agreement that allowed Corning to acquire Beckton Dickinson's Discover Labware Division in what the FTC alleges is a highly concentrated market. FTC Allegations From the FTC's allegations and description of the relevant market, it appears to be […]

FTC Closes Hilcorp Alaska Investigation

November 8, 2012 at 4:59 pm

On November 7, 2012, the FTC voted 5-0 to close its investigation of Hilcorp's proposed acquisition of Marathon's Cook Inlet, an Alaskan provider of natural gas without taking any action. While initial concerns were raised about the anticompetitive implications of a merger between two of the three main natural gas […]