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...US antitrust regulators also ordered Grail’s divestiture in April, a decision Illumina is appealing against....
...There was no evidence businesses had “seriously considered” alternatives to Google in the past 10 to 15 years, he added: “How is that a competitive marketplace?”...
...argue the price cut failed to compensate customers for previous overcharging, and also that so-called “split purchase” customers — those who separately purchased landline and broadband services — received no...
...BHP also has a fertiliser project, the Jansen potash mine in Saskatchewan, Canada....
...As a result, many consumers have no inkling they are part of a lawsuit, say solicitors....
...The settlement leaves Berkshire Hathaway’s HomeServices as the only large broker that has not yet come to a deal in the litigation....
...customers, competitors and antitrust experts....
...He says the litigation is, on a risk scale of 1-10, an eight, whereas other tech litigation in recent decades was a two or three....
...Even if you believe AI will be today’s equivalent of electricity or the internet, we are at the very early stages of a highly complex multi-decade transformation that is by no means a done deal....
...If Google prevails, “there will be no changes to its business model — and the case will be particularly positive for other tech companies facing [antitrust] lawsuits”, Gallant said....
...“Outside the US, there are essentially no candidates that are meaningful options for capital deployment at Berkshire.”...
...In today’s newsletter: Two big wins for antitrust enforcers The Japanese company buying US Steel The plan to rescue Farfetch Regulators even out the antitrust score Global regulators had been on a losing...
...“She uses litigation, if necessary, as a platform to try and return, in her view, antitrust law to its original purpose of preventing industry consolidation or post-merger abuse,” he says....
...Cleary Gottlieb has hired Shearman & Sterling’s Ryan Shores, a former associate deputy attorney-general at the US Department of Justice, as an antitrust and litigation partner....
...The law allows individual customers to be automatically included in any litigation unless they opt out, but the tribunal must first permit the class action to go ahead....
...antitrust enforcement to address new market realities”....
...The history of operational losses is a crude approach to assessing company culture risk, being largely a measure of litigation costs, but there is no credible other option available....
...Hargreaves Lansdown has struggled to grow its own £11bn asset management business, with no net inflows since 2017....
...The Department of Justice is suing Google on antitrust grounds, too....
...Answer: no. We should all be worried....
...UBS has set aside $4bn to cover Credit Suisse’s regulatory and litigation matters....
...But the US antitrust chief chalked up smaller wins in the process, DD’s James Fontanella-Khan writes....
...So now they get to stop paying their litigation lawyers.”...
...— if no agreement could be reached....
...Merger arbitrage traders, who just a few months ago were calling up DD to say the deal was dead, are no doubt also in better spirits....
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