antitrust litigation News

Alcon, J&J Agree to Settle Contact Lens Price-Fixing Suit for $75 Million

Alcon Vision and Johnson & Johnson have agreed to pay a total of $75 million to settle a class-action lawsuit that accused the companies of price fixing on disposable contact lenses. More than a third of the total settlement amount …

Facebook Asks Court for Old FTC Merger Documents in Antitrust Fight

Meta’s Facebook has asked a U.S. court for eight documents created by the U.S. Federal Trade Commission as part of their review of the company’s purchases of Instagram and WhatsApp, which the agency allowed to go forward. The request was …

Federal Appeals Court Revives Libor-Rigging Claims Against Big Banks

A U.S. appeals court on Thursday revived litigation accusing a slew of large banks of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost profits at investors’ expense and make the banks appear …

Health Care D&O Rates Rise Over Obamacare Antitrust Concerns: Marsh

Health care organizations paid significantly more for their directors and officers liability insurance in the third quarter of 2013 amid growing concerns over antitrust issues arising from implementation of the Affordable Care Act (ACA), Marsh says in a new report …

High Court Rules for American Express in Class Action Case

The U.S. Supreme Court ruled on Thursday that an arbitration agreement prevents merchants from bringing class action claims against American Express Co . The nine-member court ruled on a 5-3 vote, with liberal Justice Sonia Sotomayor recused, that American Express’s …

Federal Judge Sides with Netflix in Antitrust Case

A U.S. judge granted Netflix’s bid to resolve all claims in its favor before trial in an antitrust class action, in which plaintiffs had sought hundreds of millions of dollars in damages. Netflix was sued in 2009, with plaintiffs claiming …

Private Antitrust Lawsuits Decline in U.S.

Price-fixing lawsuits against the air-cargo industry have produced steady cash flow for U.S. plaintiff lawyers and their clients, with total settlements topping $367 million last week after British Airways announced an $89.5 million deal. But pacts resolving antitrust litigation could …