antitrust News

EU Antitrust Enforcers Accept Offer From Irish Insurers’ Association

EU antitrust enforcers accepted on Thursday an offer from Irish insurers’ association Insurance Ireland to open up its data sharing platform to non-members and apply fair criteria to access it aimed at averting a possible hefty fine. Last year, the …

Reducing Inequality, Hiking Minimum Wage Could Boost U.S. Economy: White House

Boosting enforcement of antidiscrimination and antitrust laws, raising the federal minimum wage and higher unionization rates could substantially boost U.S. economic growth, a new report by President Joe Biden’s top economic advisers concludes. The annual Economic Report, prepared by the …

Martin Shkreli’s Law Firm Has Not Been Paid, Seeks to Withdraw

The law firm that defended Martin Shkreli against antitrust charges said it has not been paid, and on Tuesday asked a U.S. judge for permission to withdraw from representing the former pharmaceutical executive best known for hiking the price of …

Facing Antitrust Charges, Irish Insurer Group to Unlock Platform for Nonmembers

Irish insurers’ association Insurance Ireland has offered to open up its data sharing platform to nonmembers and apply fair criteria to access it in an attempt to end a near-three EU antitrust investigation and stave off a possible hefty fine. …

Italy Probes Alleged Cartel Among Auto Insurers, Including Allianz Direct, Zurich

MILAN – Italy’s antitrust watchdog said on Friday it had opened an investigation into an alleged cartel among insurance companies and insurance price comparison companies to limit competition for automobile insurance. In a statement, the Italian Competition Authority said the …

States Prepare Second Antitrust Lawsuit Against Google for December

A bipartisan group of U.S. states plans to file an antitrust lawsuit against Google as early as next month, according to two people briefed on the matter, potentially beating a more widely anticipated lawsuit from a different group of states …

Judge OKs $415M Settlement in Worker Suit Against Silicon Valley Giants

A U.S. judge has granted final approval to a $415 million settlement that ends a high profile lawsuit in which workers accused Apple, Google and two other Silicon Valley companies of conspiring to hold down salaries. The plaintiffs alleged that …

Antitrust Concerns End Verisk Bid for Rival EagleView Technology

Verisk Analytics Inc. scrapped a planned $650 million takeover of EagleView Technology Corp. after antitrust regulators said the deal would give the company too large a share in the market for aerial images used by insurers. The data provider instead …

Utah Joins E-Book Price Fixing Lawsuit

The state of Utah has joined an antitrust lawsuit accusing publishers of fixing e-book prices. The Utah Attorney General’s Office says Utah has joined 29 other states, Puerto Rico and the District of Columbia in seeking damages for customers. The …