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On October 31, 2022, the U.S. Department of Justice Antitrust Division (“DOJ”) announced that the president of a Montana paving and asphalt contractor, Nathan Nephi Zito, had pleaded guilty to one count of attempting to monopolize the highway crack-sealing services markets in Montana and Wyoming.
V&E Antitrust Update
On August, 26, 2022, the Federal Trade Commission announced it had approved a series of “omnibus” resolutions permitting FTC staff to more freely use compulsory process (civil investigative demands or subpoenas) in investigations of alleged violations of the federal antitrust laws.
On September 15, 2022, the Department of Justice (“DOJ”) sued to block ASSA ABLOY AB’s (“ASSA ABLOY”) proposed $4.3 billion acquisition of the Hardware and Home Improvement division of Spectrum Brands Holdings Inc. (“Spectrum”).
V&E Antitrust Update
On July 27, 2022, the Federal Trade Commission (“FTC”) voted 3-2 to sue in federal district court to block Meta Platforms, Inc.’s (“Meta”) acquisition of Within Unlimited, Inc. (“Within”), a virtual reality (“VR”) app developer.
V&E Antitrust Update
Historically, companies gave little thought to antitrust considerations when they developed environmental, social, and governance (“ESG”) goals and plans.
In a pair of unanimous decisions, the Federal Trade Commission this week issued consent orders resolving challenges to two acquisitions.
On May 24, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced that it is establishing a new office, the Office of Competition and Innovation, as part of a broader initiative to promote competition in the consumer financial services industry.
V&E Antitrust Update
On May 11, 2022, the U.S. Senate confirmed Alvaro Bedoya to an open seat on the Federal Trade Commission (“FTC”).
V&E Antitrust Update
Zach Terwilliger and Craig Seebald, Partners in Vinson & Elkins’ Washington, D.C. office, and Evan Seeder, Associate in Vinson & Elkins’ San Francisco office, were invited to be contributors to the April 2022 edition of Competition Policy International, Inc.’s Antitrust Chronicle, an antitrust-focused publication for attorneys, judges, economists, and academics around the world.
A review of President Biden’s proposed Budget (“Budget”) for 2023 spotlights the enforcement priorities of the president’s Justice Department as the administration enters its third year. Vinson & Elkins’ review of the budget shows what the Biden administration is focused on and what that means for you and your company.
The Department of Justice’s Antitrust Division (“DOJ”) has announced that it intends to bring more cases against “interlocking directorates” that violate Section 8 of the Clayton Act.