Litigation

Antitrust

  • Seventh Circuit Affirms Dismissal of Antitrust Claims Against Sharp

    LitigationAntitrust

    Paul, Weiss clients Sharp Corporation and Sharp Electronics Corporation won a significant victory when the United States Court of Appeals for the Seventh Circuit affirmed the dismissal of the vast majority of antitrust claims brought by Motorola Mobility Inc. against Sharp and several of its alleged antitrust conspirators. The case arose from allegations of price fixing in the sales of thin film transistor liquid crystal displays (LCDs) - a key component of flat screen monitors, televisions, cell phones and other handheld devices.

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  • Kohlberg Completes Acquisition of PPC Industries

    CorporateMergers & AcquisitionsTaxEmployee BenefitsIP TransactionsFinanceReal EstateAntitrustEnvironmental

    Paul, Weiss client Kohlberg & Company, L.LC., through a number of its investment funds, closed on its acquisition of PPC Industries Inc., a leading provider of specialty plastic solutions for food, medical/pharmaceutical and industrial packaging applications.

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  • Sharp Corporation and Sharp Electronics Corporation Obtain Dismissal of
    Antitrust Claims

    AntitrustLitigation

    Paul, Weiss client Sharp Corporation and Sharp Electronics Corporation scored an enormous victory when Judge Gottschall of the United States District Court for the Northern District of Illinois dismissed antitrust claims by Motorola Mobility Inc. covering nearly $6 billion in commerce, and leaving only $61 million at issue. Because Motorola has already collected over $150 million in settlements from other defendants, any damages based on that commerce will be more than offset by those settlements. The effect of the order is to have dismissed approximately $3 billion in treble damage claims.

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  • Fidelity National Financial Receives
    FTC Clearance for Acquisition of
    Lender Processing Services

    AntitrustLitigation

    Paul, Weiss client Fidelity National Financial, Inc., a leading provider of title insurance and transaction services to the real estate and mortgage industries, achieved a significant milestone when the Federal Trade Commission voted 3-1 to accept a proposed consent order clearing Fidelity's acquisition, along with affiliates of Thomas H. Lee Partners, L.P., of Lender Processing Services, Inc.

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  • Nielsen Wins Affirmance of Dismissal
    of Case Brought by New Delhi Television

    AntitrustLitigation

    Paul, Weiss client The Nielsen Company achieved a victory when the Appellate Division, First Department, unanimously affirmed an order of Supreme Court Justice O. Peter Sherwood granting Nielsen's motion to dismiss in its entirety a case brought by New Delhi Television. New Delhi Television (NDTV), an Indian broadcasting company, alleged that TAM, an Indian TV ratings company partially owned by Nielsen, misused Nielsen's television ratings methodologies to create corrupt and inaccurate TV ratings in India. NDTV alleged these ratings understated its viewers and thus reduced its advertising revenues.

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  • Antitrust Claims Dismissed Against Empire Resorts and Monticello Raceway Management

    Antitrust

    Southern District Judge Edgardo Ramos dismissed with prejudice and without leave to amend antitrust claims against Paul, Weiss clients Empire Resorts, Inc. and Monticello Raceway Management, Inc. Our clients own and operate the harness racing track and video gaming facility in Monticello, New York and have plans with a developer to build a destination resort, track and casino. A rival developer, which owns the site of the former Concord Hotel, charged our client and its developer partner with monopolization and restraint of trade.

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  • Aidan Synnott Quoted in Law360 Article

    AntitrustAidan  Synnott

    Litigation partner Aidan Synnott was quoted in an article that examines the antitrust case in which Chinese Vitamin C manufacturers allegedly engaged in government-sponsored price-fixing. Aidan offers insight into how U.S. courts apply antitrust rules to a managed economy. The article, "Vitamin C Antitrust Case Puts US-China Ties on Trial," appeared on Law360 on February 20.

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  • Sumitomo Obtains Dismissal
    of Antitrust Conspiracy Claims

    AntitrustLitigation

    Paul, Weiss client Sumitomo Corporation of America announced that a price-fixing lawsuit brought against the company in United States federal court was dismissed with prejudice by plaintiffs shortly after discovery in the case began. No payments or other consideration of any kind were exchanged among the parties.

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  • MasterCard Reaches Settlement Over Fees

    LitigationAntitrustBankruptcy

    Paul, Weiss client MasterCard Inc., along with Visa Inc. and several banks, reached a $7.25 billion settlement with merchants in antitrust lawsuits brought by the merchants over the fees they pay when consumers use debit and credit cards. As The Wall Street Journal reported, the settlement puts to rest a long legal battle. The settlement was announced after financial markets closed, and both MasterCard and Visa stock prices rose following the news.

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