Bloomberg Law “Warner Bros. Discovery Inc. plans to once again reject a takeover bid from Paramount Skydance Corp. after the rival media company amended the terms of its offer, according to people familiar with the company’s thinking.The Warner Bros. board hasn’t made a final determination, but will meet next week, said the people, Read more
Bloomberg Law “Live Nation Entertainment Inc. and its Ticketmaster LLC unit got a ruling that would toss most antitrust claims brought by a group of consumers alleging the companies colluded to inflate ticket prices. Judge George H. Wu of the US District Court for the Central District of California adopted a decision Thursday Read more
Bloomberg Law The Federal Trade Commission has the authority to pursue its suit in federal court accusing Amazon.com Inc. of running an online marketplace monopoly, a judge ruled. Judge John H. Chun of the US District Court for the Western District of Washington on April 8 denied Amazon’s motion to enter judgment on the Read more
Bloomberg Law ” Court finds defects in Live Nation’s batched proceedings Class action against Live Nation to proceed in open court A Ninth Circuit ruling that denied Live Nation Entertainment Inc.’s bid to compel “batched” arbitration underscores the risks that corporate defendants face when pushing to resolve consumer antitrust disputes outside of Read more
American Bar Association “Website host GoDaddy.com LLC must face antitrust claims that it discouraged customers from using the software tools of a rival through an unlawful agreement. Judge Anthony J. Trenga of the US District Court for the Eastern District of Virginia in a Thursday order denied GoDaddy’s motion to dismiss, saying plaintiff Entri Read more
Bloomberg Law The US is opening antitrust investigations into two of the world’s most valuable companies, Microsoft Corp. and Nvidia Corp., over their dominance of the rapidly emerging field of artificial intelligence, according to people familiar with the matter. Microsoft has poured more than $13 billion into its partnership with Read more
Bloomberg Law “Kroger Co. and Albertsons Cos. defeated the Federal Trade Commission’s efforts to force the supermarket giants to produce documents on their plans to divest stores as part of their $25 billion tie-up. The FTC’s request for negotiation materials was “premature,” Chief Administrative Law Judge Michael Chappell said in Read more
ABA Journal “In September 2022, California Attorney General Rob Bonta sued Amazon, alleging the com- pany’s pricing policy for third- party merchants undermines competition and raises prices for consumers elsewhere. The suit, filed in state superior court, claims that in order to sell through Amazon, everyday sellers must sign agreements Read more
Recent research indicates that labor market power has contributed to wage inequality and economic stagnation. Although the antitrust laws prohibit firms from restricting competition in labor markets as in product markets, the government does little to address the labor market problem, and private litigation has been rare and mostly unsuccessful. Read more