Settlement Agreement Between Plaintiff States and UBS (Dec. 21, 2018)

Forty plaintiff states reached a $68 million settlement with UBS for fraudulent conduct involving interest rate manipulation that had a significant impact on consumers and financial markets around the world. UBS’ fraudulent conduct involved the manipulation of LIBOR (the London Interbank Offered Rate). LIBOR is a benchmark interest rate that affects financial instruments worth trillions…

Read More →

Attorney General v. Florida Cancer Specialists and Research Institute, LLC (Fl. Cir. Ct., Leon Cty., Apr. 30, 2020)

Florida reached a multimillion-dollar agreement with one of the largest oncology medical practices in Florida to resolve state antitrust and consumer protection concerns. The proposed consent decree with Florida Cancer Specialists & Research Institute, LLC follows a civil antitrust investigation into whether the health care provider entered into illegal agreements with competitors that allocated geographic…

Read More →

In re: TC Denver Development, Inc., Colo. AG Assurance of Discontinuance (Apr. 25.2020)

The Colorado AG’s office investigated whether Trammell Crow, acting as the City and County of Denver’s program manager for its Convention Center expansion project, and its former employee, Michael Sullivan, improperly exchanged confidential information about the project and procurement process with Mortenson Company that they did not share with other prospective bidders. (See entry on…

Read More →

FTC et al. v. Vyera Pharmaceuticals, No. 1:20-cv-00706 (S.D.N.Y. Apr. 19, 2020)

The FTC, New York and six other states filed suit against Vyera Pharmaceuticals and its former CEO, Martin Shkreli, alleging anticompetivie conduct in connection with Daraprim, the only FDA approved drug for the treatment of the life-threatening parasitic disease toxoplasmosis.  The suit alleges that Vyera purchases the unpatented and widely available drug in 2015 and…

Read More →

In re: Mortenson Company Assurance of Discontinuance (Colo. Apr. 13, 2020)

Colorado attorney general entered into Assurance of Discontinuance with general contractor M. A. Mortenson Company to resolve claims resulting from the attorney general’s investigation into an alleged bid-rigging scheme related to the City and County of Denver’s plans to upgrade and expand the Colorado Convention Center. The office’s investigation centered on whether Mortenson violated the…

Read More →

In the Matter of Invesigation of Hornblower Group, Inc., AOD no. 19-103

An attorney general’s investigation of the dining cruise market in New York Harbor indicated that Hornblower Group, Inc. had obtained dominance in New York City’s dining cruise market through its acquisition of Entertainment Cruises. The investigation also confirmed that while other already-existing dining cruise operators wished to expand their operations into New York City, they…

Read More →

New York et al. v. Deutsche Telekom AG et al., No. 1:19-cv-5434 (S.D.N.Y.)

States challenged merger of T-Mobile and Sprint, the third and fourth-largest mobile telecommunications providers in the U.S., alleging that shrinking the national wireless carrier pool down from four to three providers would decrease competition and create higher prices for consumers. The US Department of Justice and seven states entered into a settlement with the parties…

Read More →

AGs Submit Comments to FTC for Hearings on Competition and Consumer Protection in the 21st Century

Forty-three state and territory attorneys general submitted comments to the Federal Trade Commission (FTC) Hearings on Competition and Consumer Protection in the 21st Century.

Read More →

Parens Authority in Antitrust Matters

This course provides an overview of common law parens patriae principles, the codification of those principles in federal and state antitrust statutes, and the unique challenges of exercising and preserving parens standing in antitrust cases.

Read More →

NAAG Urges Congress to Pass Safeguarding America’s First Responders Act

Washington, D.C. — NAAG sent a letter to Congress calling for the passage of S.3607, the Safeguarding America’s First Responders (SAFR) Act. The SAFR Act would permit the families of first responders who die or are permanently and totally disabled as a result of COVID-19 to receive the same federal benefits extended to first responders, or their…

Read More →