Settlement Agreement Between Plaintiff States and Citibank (June 2018)
Forty-two plaintiff states reached a $100 million settlement with Citibank 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…
California v. Valero Energy Corp., No. C17-03786 (N.D. Cal. July 10, 2017)
Plaintiff state sought to enjoin proposed purchase by Valero of two petroleum storage and distribution terminals owned by Plains in Martinez and Richmond, California. The complaint has been filed under seal. The court denied the state’s request for a TRO, but held that the state had a likelihood of success on the merits. The parties abandoned the transaction.
Utah et al. v. Google LLC, No. 3:21-cv-05227 (N.D. Cal. July 7, 2021)
Thirty-seven states filed a lawsuit against Google for monopolizing the smartphone application market in violation of state and federal antitrust laws. According to the complaint, Google operates a web of exclusionary agreements with phone manufacturers and carriers to exert control over app distribution on Android phones through its Google Play Store. By leveraging those anticompetitive…
California v. Denso, No. 2:19-cv-13566 (E.D. Mich. Dec. 3, 2019)
As part of its ongoing participation in the ongoing Automotive Parts multidistrict litigation, California reached a settlement with Denso to resolve claims that as part of a conspiracy with dozens of auto parts manufactures, competition in the automotive parts market was suppressed and eliminated by illegal bid rigging. The state’s complaint alleged that Denso had…
People v. Donald Sherwin, C030485 (Cal. Ct. App. 3d App. Dist.)8/15/00)
State indicted defendants on conspiracy to rig bids for supplying foodstuffs to state, undermining state’s small business preferences and perjury. After defendants’ motion for suppression of evidence was granted, case was dismissed.
California v. Quest Diagnostics Incorporated, No. CV-03-1358 MMM (C.D. Cal. 2003)
Merger of two clinical laboratories in California
Smith Food & Drug Centers, Inc. Settlement Agreement
Smiths Food & Drug Centers, Inc. exited California market and sought antitrust review of proposed sales of supermarket sites to other supermarket operators. The sale of 18 stores to various supermarket operators were approved. Smiths? agreed to obtain prior approval or provide prior notice of future sales of sites to supermarket operators for a period of 5 years.
People v. Omnimed Medical Services, et al
Supplier of radiology services offered to divide markets with radiologist who was bidding on contracts to supply radiology services to California prisons.
California ex rel. Lockyer v. Safeway371 F. Supp. 2d 1179 (C.D. Cal. 2005)
Challenge to a revenue sharing plan by four supermarket employers to share revenues based on fixed market share and fixed profit percentage during and after a labor dispute involving three of these employers.
