Author: Yang Yang. Ms. Yang is an Antitrust Partner at Fairsky Law Offices in Shangai. She is also a lecturer and researcher at China University of Political Science and Law. She authored a treatise on China Merger Control and is a member of the expert advisory team for Amendments to…
The Antitrust Attorney Blog
The FTC withdraws Vertical Merger Guidelines. Will it take on big-tech small acquisitions next?
Authors: Steven Cernak and Luis Blanquez FTC Chairwoman Lina Khan keeps up her frenetic crusade to change the practice of antitrust enforcement. The new––and surely not last––change: the vertical merger guidelines. On Wednesday, September 15, 2021, the FTC held an open virtual meeting to discuss the following: Proposed Withdrawal of…
Facebook Wins First Antitrust Battle: The FTC and State Enforcers Fail to Establish (For Now) Facebook’s Monopoly on Social Media Networks (with update)
Authors: Steven J. Cernak and Luis Blanquez In late 2020, the Federal Trade Commission (FTC) and the attorneys-general (AGs) from 48 states filed nearly identical antitrust lawsuits against Facebook for stifling competition by acquiring potential competitors, mainly Instagram in 2012 and WhatsApp in 2014, and for enforcing policies that blocked…
Practical Advice for In-House Counsel Amid the Antitrust Sound and Fury
Author: Pat Pascarella The press is awash in reports on proposed amendments to the antitrust laws and heightened, and in some instances targeted, enforcement agendas at the DOJ, FTC, and state AGs’ offices. While the specifics of each may be fascinating to antitrust attorneys and law professors, the sole question…
The FTC Continues the HSR Antitrust Process’s “Death of a Thousand Cuts”
Authors: Steve Cernak and Luis Blanquez New management at the FTC keeps reviewing all aspects of the Hart-Scott-Rodino (HSR) premerger notification process. On August 26, the current head of the Bureau of Competition posted a change to a long-standing FTC informal interpretation about how potential HSR filers should view debt…
Antitrust Courses Still Can Teach Valuable Practical Skills — If Taught Well
Author: Steven J. Cernak In addition to being a full-time antitrust attorney at Bona Law PC, I have taught at least one antitrust course every year since 2009 at three different Michigan law schools. As I prepare for another semester, I had reason to return to an article I wrote…
Antitrust Law Meets Blockchain and Cryptocurrencies in Court: Lessons Learned on Market Definition and Antitrust Injury from the Bitman Case
Author: Luis Blanquez Following DOJ’s remarks on blockchain, it was only a matter of time until antitrust law and the unstoppable blockchain world would meet in court. And it finally happened some months ago in the complex Bitmain case. In this case a cryptocurrency developer and mining company sued…
Leniency Applications and Limited Liability Under ACPERA
Author: Jon Cieslak I recently wrote about the DOJ Antitrust Division’s Leniency Program, and the benefits it can provide to a company engaged in criminal antitrust conduct. Those benefits can extend beyond a company’s immunity agreement with the DOJ to the civil litigation that frequently follows a DOJ investigation. The…
FTC Guts Major Benefit of Antitrust HSR Process for Merging Parties
Authors: Steven J. Cernak and Luis Blanquez On August 3, 2021, the Federal Trade Commission Bureau of Competition announced what might seem like a small technical change to the Hart-Scott-Rodino merger review process: Some proposed mergers would receive form letters at the end of the 30-day initial review period saying…
Antitrust Political Developments: Biden Administration Issues Executive Order on Competition and Congress Proposes Six New Antitrust Bills
Authors: Luis Blanquez and Steven Cernak Strong winds of change keep blowing in the antitrust world. In the past weeks we’ve witnessed two new major developments in the U.S.: (i) President Biden’s Executive Order to increase antitrust enforcement, and (ii) six antitrust bills issued by the House Judiciary Committee. That’s…