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.
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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.
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The judge issued a brief ruling Monday, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.”
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The National College Players Association is accusing those involved with the governing body of violating antitrust laws by capping compensation for athletes.
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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.
The lawsuit filed Tuesday alleges the Indianapolis-based NCAA violates U.S. antitrust laws with how its redshirt rule covers playing time for athletes during five seasons of eligibility.
The Justice Department’s antitrust chief, Gail Slater, hailed the decision as a “major win for the American people,” even though the agency didn’t get everything it sought.
Three House committees are considering legislation that would create a national standard for name, image and likeness payments to athletes and protect the NCAA against future lawsuits.
Justice Department lawyers who argued that a radical shake-up is needed to promote a free and fair market, while Google’s legal team argued that only minor concessions are needed.
Google has already vowed to appeal the ruling that branded its search engine as a monopoly, a step it can’t take until the judge orders a remedy.
The heart of the dispute is Apple and Google’s estimated $20 billion-a-year deal that makes Google the default offering for queries in Apple’s included browser.
The government’s latest proposal was filed two-and-half weeks after a federal judge ruled that Google’s lucrative digital ad network has been improperly abusing its market power to stifle competition.
The drama will unfold in a Washington, D.C., courtroom during the next three weeks during hearings that will determine how the company should be penalized for operating an illegal monopoly in search.
Google has been branded an abusive monopolist by a federal judge for the second time in less than a year, this time for illegally exploiting some of its online marketing technology.
Meta CEO Mark Zuckerberg testified in federal court on Wednesday that he bought Instagram and WhatsApp because he saw value in the companies—not to take out competitors, as the FCC alleges.
The email was shown Tuesday on the second day of an antitrust trial alleging Meta illegally monopolized the social media market.
Meta isn’t the only technology company in the sights of federal antitrust regulators, Google and Amazon face their own cases.
Southern Glazer’s Wine and Spirits distributes one out of every three bottles of wine and spirits in the U.S. and serves commercial customers such as Total Wine, Costco and Kroger.
Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission sued earlier this year, seeking to block the $24.6 billion deal.
