LexisNexis® Legal Newsroom
Demonstrating Potential Reach of its Section 5 Authority, FTC Announces Settlement Concerning Alleged Invitation to Collude With Competitor

On June 9, the Federal Trade Commission (FTC) announced its approval, by a 5-0 vote, of the settlement of a complaint against U-Haul International, Inc. (and its parent company AMERCO) alleging that U-Haul attempted to collude with its competitor Budget to fix truck rental prices. (The FTC did not name...

Third Circuit En Banc Review of Sullivan v. DB Investments, Inc

by William A.S. Magrath William Magrath performs an in-depth analysis of the Third Circuit's en banc review of Sullivan v. DB Investments. Mr. Magrath notes that while a prediction of a decision based on the judges' questions during oral argument requires "reading the tea leaves,"...

Cadwalader Clients & Friends Memo: New York Federal Court Refuses to Dismiss Chinese Company From U.S. Price-Fixing Case

In a decision filed on August 7, 2012, in a federal court in New York, a judge ruled that a Chinese company could not evade jurisdiction of the U.S. courts and must face the prospect of a trial for colluding to fix the price of vitamin C exported from China into the United States. Two Chinese subsidiaries...

U.S. Supreme Court to Rule on State’s Case Qualifying as Mass Action

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on May 28 granted a petition for writ of certiorari in a dispute over whether a state's parens patriae lawsuit may be removed to federal court as a "mass action" under the Class Action Fairness Act (CAFA) ( State of Mississippi...