Author: 21st Century Competition

US: 2009 auto parts antitrust victor to pursue $2B against rival (Competition Policy International)

Car parts manufacturer Meritor, which emerged victorious in 2009 against rival Eaton in a lawsuit accusing the latter of antitrust violations, has been approved to pursue damages in the case that could top $2 billion

Meritor sued Eaton over allegations that Eaton used unfair, exclusive deals to offer rebates to its …read more

US: Allergan seeks new buyout to foil Valeant’s takeover plans (Competition Policy International)

US pharmaceutical conglomerate Allergan is reportedly looking to foil Canadian rival Valeant’s plans to acquire the US company, now pursuing a merger of its own.

Allergan is reportedly looking to acquire Ireland’s Shire, news that caused Valeant shares to fall Wednesday.

Experts say the Botox maker could acquire Shire to broaden its …read more

Germany: Deutsche Bank conducting internal gold fixing probe (Competition Policy International)

As Germany regulators continue with their investigation into claims of gold benchmark rate manipulation, sources say Deutsche Bank is now conducting its own internal probe of the matter.

The lender had participated in the benchmark setting process for 20 years until last May, when it dropped out of the panel. According …read more

US: St. Luke’s falters again in antitrust fight (Competition Policy International)

St. Luke’s Health System, which became the target of a high-profile antitrust case, had its request to stay an earlier ruling regarding its acquisition rejected.

According to reports, St. Luke’s had looked to delay implementation of an earlier ruling that forced the group to divest Saltzer Medical Group, the result of …read more