The new chief of the Antitrust Division, Christine Varney, today published an advance text of a speech she gave yesterday at the Center for American Progress.
In it, Ms. Varney explains why she'd chosen to withdraw the Division's September 8, 2008, report on "Competition and Monopoly: Single-Firm Conduct Under Section 2 of the
What did you expect?
The new chief of the Antitrust Division, Christine Varney, has lost no time in serving notice of tougher competition policy. The Senate confirmed Ms. Varney on April 20.
Two days later, Ms. Varney named six AD leaders whose backgrounds shout active and strong antitrust enforcement. Today, she pole-axed a report that last fall
In the world of mutual funds, "market timing" allows a mutual fund trader to exploit lags in the updating of a fund's "net asset value". Fund X, for instance, computes its NAV at 4:00 p.m. Eastern, when the major securities markets close in New York. The price of the fund's shares will reflect that NAV for at
The New York Court of Appeals today upheld denial of a demand by an "absent class member" for access to class counsel's work product. Wyly v. Milberg Weiss Bershad & Schulman LLP, No. 62 (N.Y. May 7, 2009).
Sam Wyly, who owned almost a million shares of Computer Associates stock, filed suit in New York Supreme
Deutsche Bank makes credit default swap news.
Party A works for an investment bank that underwrites bonds. He learns that his bank plans to expand a customer's upcoming bond sale. Party A passes the inside information to a client, Party B.
Party B, a hedge fund adviser, uses the tip to buy an insurance contract. Party B knows that the
One of Avaya's IP Telephones.
Today the Third Circuit sent part of a securities fraud case against Avaya Inc. back to the district court.
The "central theory is that investors and analysts viewed the key to Avaya’s success to be its ability to increase sales revenues without cutting prices." The panel held that
The Paper of Record today reports that the Department of Justice has opened a file on a license pact between Google and people who write and publish books. The licensing deal would settle copyright claims against Google for its Google Book Search service. Google describes the "groundbreaking agreement with authors and publishers" here.
Critics contend
[T]o experiment with substituting borosilicate glass for ordinary glass in a sexual device was not a venture into the unknown.
Ritchie v. Vast Resources, Inc., No. 08-1528, slip op. at 5 (Fed. Cir. Apr. 24, 2009) (Posner, J., sitting by designation) (holding patent for "sex aid . . . fabricated of a generally lubricious glass-based
Gene Snyder U.S. Courthouse and Customhouse in Louisville. Construction ended in 1932 . . . a Depression year.
The Judicial Panel on Multidistrict Litigation has summoned lawyers handling 35 different MDL matters to Louisville, Kentucky on May 27 and May 28. Several of them look mammoth.
Blawgletter cannot recall a session with so many cases