Category: Global Blogs

US: Office Depot to close hundreds of stores after OfficeMax buyout (Competition Policy International)

Office supply retailer Office Depot is reportedly slated to close 400 stores in the nation following its acquisition of rival OfficeMax to reduce overlap between the two companies.

According to reports, the closings will save the firm about $75 million a year by the end of 2016.

In a statement, Office Depot …read more

UK: Freshfields finds new leader for London antitrust practice (Competition Policy International)

Law firm Freshfields Bruckhaus Deringer has announced Simon Priddis has been appointed as the new head of its antitrust, competition and trade practice in London.

According to a press release by the firm, Priddis follows Rod Carlton after two terms at the position. Priddis’s new position is effective May 1 and …read more

EU: Intel to receive ruling on record antitrust fine appeal next month (Competition Policy International)

Europe’s second-highest court will reportedly decide next month on US-based chipmaker Intel’s appeal of a record-breaking antitrust fine levied against the company by the European Commission.

According to a court official, the EU General Court will make its decision regarding Intel’s $1.47 billion fine issued by the Commission in 2009 after …read more

Global: Years of gold price-fixing rumors boil over into federal court (Competition Policy International)

After years of rumors and suspicion that the gold market has been subjected to price manipulation, the accusations have reached its boiling point Monday as more than 20 plaintiffs met in federal court to discuss coordinating their lawsuits.

The first of these lawsuits was filed in March after reported years of …read more