In Allowing Foreign Exchange Price-Fixing Case to Proceed, Judge Schofield...
In an opinion yesterday, Judge Schofield denied various banks’ motion to dismiss a price fixing case concerning a foreign exchange benchmark called the “Fix.” Notably, Judge Schofield distinguished her...
View ArticleJudge Forrest Allows Aluminum Warehouse Antitrust Case (As Amended) to Proceed
In an opinion yesterday, Judge Forrest denied (for the most part) various motions to dismiss the collection of cases alleging an antitrust conspiracy among commodity trading firms and their affiliated...
View ArticleJudge Scheindlin Certifies Injunction Class in Antitrust Challenge to...
In an opinion today, Judge Schiendlin certified a Rule 23(b)(2) injunction class in a case alleging that it is anticompetitive for Major League Baseball and the National Hockey League to divide the...
View ArticleSecond Circuit Affirms Antitrust Ruling Against Apple in E-Books Case
In a 2-1 opinion yesterday, the Second Circuit affirmed the bench trial findings of Judge Cote that Apple orchestrated a price fixing conspiracy with book publishers to collectively raise the $9.99...
View ArticleSecond Circuit Affirms Judge Pauley’s Decision Rejecting Class Action Waiver...
The Second Circuit yesterday affirmed an April 2014 decision by Judge Pauley (covered here) rejecting claims that American Express, Citi and Discover colluded to add arbitration clauses barring class...
View ArticleClass Action Accuses Banks of Collusion in Market for Interest Rate Swaps
Last week, an investor class action was filed accusing a a group of banks dealing in interest rate swaps (IRS) of collusion. According to the complaint, the banks have long dominated the market, and,...
View ArticleJPML Transfers Antitrust Cases Alleging Bank Manipulation of Treasuries...
Last week, the Judicial Panel on Multidistrict Litigation transferred 25 actions pending in three districts to Judge Gardephe as part of a MDL concerning Treasury securities. According to the Order,...
View ArticleJudge Schofield Allows U.S. Airways to Restore Damages Claim in Antitrust...
Last week, Judge Schofield granted U.S. Airways’ motion to reinstate their claim for $70 million in damages ($210 million when trebled under antitrust laws) as part of a third amended complaint in an...
View ArticleParties File Pretrial Briefs in Antitrust Challenge to Baseball’s...
The plaintiffs and Major League Baseball yesterday exchanged briefs in anticipation of a January 18 trial before Judge Scheindlin in a case alleging it is anticompetitive for Major League Baseball to...
View ArticleJudge Forrest Dismisses Zinc Antitrust Case; Chides Lawyers for “Group Pleading”
In an opinion today, Judge Forrest dismissed (with a limited right to replead) claims that various banks and their affiliates conspired to monopolize and inflate prices in the market for zinc stored in...
View ArticleMajor League Baseball Settles Broadcast Antitrust Class Action Moments Before...
Shortly before a nine-day bench trial was scheduled to start this morning, Major League Baseball settled an antitrust suit alleging it is anticompetitive for Major League Baseball broadcast...
View ArticleSupreme Court Denies Cert in Apple E-Books Antitrust Case
Today, the Supreme Court denied Apple’s petition for certiorari in the government’s antitrust case against it over e-books. Our prior posts on the case are here.
View ArticleJudge Rakoff Refuses to Dismiss Antitrust Case Over Uber Pricing
In an opinion yesterday, Judge Rakoff denied a motion to dismiss a class action against Uber CEO Travis Kalanick alleging that he and Uber drivers had entered into an illegal conspiracy to fix Uber...
View ArticleSecond Circuit Reverses Dismissal of LIBOR Antitrust Claims
In an opinion Monday, the Second Circuit reversed Judge Buchwald’s dismissal of antitrust claims based on the alleged manipulation of LIBOR (covered here). Judge Buchwald ruled that the process of...
View ArticleJudge Rakoff Authorizes Discovery from Uber Counsel to Probe Potentially...
A memorandum order released today reveals that, in an antitrust case against Uber’s CEO (covered here), Judge Rakoff became concerned over improper investigative techniques that Uber (or its agents)...
View ArticleOn Heels of Inquiry Into Potential Litigation Misconduct, Uber CEO Moves to...
Yesterday — just hours after Judge Rakoff ordered broad discovery from Uber and its in-house counsel regarding potentially improper investigative techniques — Uber’s CEO moved to compel arbitration in...
View ArticleJudge Rakoff Orders Uber Investigative Firm to Stop “Arguably Criminal...
In the latest chapter of the saga over Uber’s background investigations into an antitrust plaintiff and his counsel (see coverage here), Judge Rakoff has ordered Uber and its investigative firm, Ergo,...
View ArticleJudge Rakoff Rules That Uber’s Customer Arbitration Clause Is Not Conspicuous...
In an opinion today, Judge Rakoff denied a motion to compel arbitration of antitrust claims against Uber’s CEO because he found that the arbitration clause was too concealed for the plaintiff to have...
View ArticleSecond Circuit Agrees With Judge Forrest that Aluminum Consumers Lack...
In an opinion yesterday, the Second Circuit affirmed Judge Forrest’s ruling (covered here) dismissing claims by consumer and commercial end-users who alleged that aluminum trading firms and warehouses...
View ArticleJudge Rakoff Stays Antitrust Action Against Uber Pending Appeal Over...
As part of the ongoing Uber antitrust litigation, Judge Rakoff granted today the defendants’ request to stay the proceeding pending an interlocutory appeal of his prior order denying defendants’ motion...
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