The move comes a week after a federal judge granted a preliminary injunction in an antitrust suit that challenges NCAA rules against recruiting inducements, saying they inhibit athletes’ ability to cash in on their celebrity and fame.
Read More
Kroger announced its plan to acquire Albertsons for $20 billion in mid-October. Together, the companies would control about 13% of the U.S. grocery market.
Read More
The settlement, which also involves several retailers, comes nearly two years after a complaint accused Elanco of monopolizing the market in violation of the federal Sherman Act and state antitrust lawsuits.
The federal government alleged the company’s practices allowed chicken, pork and turkey processors to inflate prices they charged restaurants, grocery stores and other buyers who were not allowed access to Agri Stats’ data.
In an emergency temporary restraining order, the judge noted the merger would make Nexstar the owner of two or even three of the “Big Four” local affiliates in at least 30 local television markets — including Indianapolis.
The ruling won’t immediately bring relief for concertgoers. But it could cost Live Nation hundreds of millions of dollars and perhaps force the company to sell some of its concert venues
Eight state attorneys general and DirecTV sued to block the merger between the local television giants, arguing that it would raise consumer prices and harm local journalism.
The investigation comes amid increasing federal scrutiny of the amount of money fans are paying to watch sports on television.
In his closing, attorney Jeffrey Kessler argued that Live Nation’s control of 86% of the market for concerts and 73% of the overall market when sports are included showed it had monopoly power.
The Justice Department reached a settlement with Live Nation last week to open up some ticketing and promotional markets to more competition, but 30 states are still pursuing the case.
Live Nation wants the exhibits disqualified from the trial, saying the messages reflect “off-the-cuff banter, not policy” between two personal friends who do not work together.
More than half of the nearly 40 states that had signed on to the Justice Department’s landmark litigation voiced serious concerns over the deal.
The case accused Live Nation of using threats, retaliation and other tactics to “suffocate the competition” by controlling virtually every aspect of the industry, from concert promotion to ticketing.
Judge Arun Subramanian has told jurors that evidence will be presented over the next six weeks before they’ll be left to decide whether Live Nation and Ticketmaster broke antitrust laws.
The largest U.S. venue owner and ticket seller faces claims by the U.S. Justice Department and more than three dozen states that it is illegally monopolizing the live music industry and should be forced to shed its Ticketmaster unit.
Gail Slater — a veteran antitrust attorney who vowed to resist political interference at her confirmation hearing — announced her departure on social media.
The federal antitrust lawsuit holds the potential to drastically reshape the way NASCAR operates and could have indirect impacts on IndyCar and the motorsports industry.
Jordan’s involvement in the court case has put a spotlight on NASCAR that it doesn’t want.
The courtroom showdown will pit lawyers from Google and the U.S. Department of Justice against each other in closing proceedings focused on the complex technology that distributes millions of digital ads across the internet each day.
The rebuff delivered in a one-sentence decision by the Supreme Court means Google will soon have to start an overhaul of its Play Store for the apps running on the Android software.
The Federal Trade Commission sued Amazon in U.S. District Court in Seattle two years ago and has alleged more than a decade of legal violations. A trial begin this week.
The federal trial will revolve around the conduct that resulted in U.S. District Judge Leonie Brinkema declaring parts of Google’s digital advertising technology to be an illegal monopoly.
