Author: 21st Century Competition

US: BP, Shell want oil price-fixing case tossed (Competition Policy International)

Defendants accused of manipulating the Brent crude oil benchmark have asked as US judge to dismiss the case, say reports.

BP, Royal Dutch Shell and Morgan Stanley filed a motion Monday to dismiss the lawsuit, which claims the companies colluded for 12 years to manipulate oil prices in violation of US …read more

European Commission – State aid: Commission approves restructuring aid for LOT Polish Airlines

European Commission Press release Brussels, 29 July 2014 The European Commission has concluded that restructuring aid of PLN 804 million (around €200 million), which Poland plans to grant to its national flag carrier LOT, is in line with EU state aid rules. …read more

Making the Sentencing Guidelines Message Complete (Kluwer Antitrust Connect Blog)

Compliance Strategists

As the U.S. Sentencing Commission considers reforms of the guidelines for antitrust crimes, it should take action to affirm the importance of antitrust compliance programs as an essential tool in the fight against cartels, and to provide a balance against the Antitrust Division’s past …read more

US: Dollar stores join forces in $8.5B agreement (Competition Policy International)

Two major dollar store chains have reportedly struck an agreement to merge, a deal made for $8.5 billion.

Dollar Tree, based in Virginia, and Family Dollar Stores will combine, the companies said Monday. Dollar Tree will acquire its rival for $8.5 billion.

The transaction follows efforts by activist investor Carl Icahn, who …read more