Antitrust

Weil Boosts Antitrust Practice in Paris with Major Six-Lawyer Hire Ahead of Leadership Change

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PARIS — Weil, Gotshal & Manges has announced the expansion of its antitrust practice by onboarding a team of six lawyers in its Paris office. This development comes just as the firm prepares for the departure of its current antitrust practice leader, marking a significant shift in the firm’s strategic direction. The team, which brings a wealth of experience in competition law, includes practitioners with backgrounds in both private practice and regulatory roles. This move is intended to bolster Weil’s capabilities in a continually evolving regulatory landscape, particularly within the European Union, where antitrust scrutiny … Read more

Antitrust Agencies Set Sights on Labor: New Task Force Aims to Combat Wage Suppression in Mergers

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Washington, D.C. – The heads of the U.S. Department of Justice Antitrust Division and the Federal Trade Commission (FTC) are now faced with the challenge of addressing the implications of corporate mergers on labor conditions. In the wake of the 2023 Merger Guidelines, which remain unchanged under the new Republican leadership, the agencies appear to be edging toward a more labor-focused approach in their review processes. FTC Chair Andrew Ferguson has made headlines by establishing a task force aimed at identifying anticompetitive practices that adversely impact workers. In a memo, Ferguson underlined that antitrust laws … Read more

High-Stakes Legal Standoff: NASCAR Urged to Settle Antitrust Dispute with Michael Jordan’s Racing Team

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CHARLOTTE, N.C. — A federal judge has pushed for settlement talks in the ongoing legal dispute between NASCAR and two racing teams, including the one owned by basketball legend Michael Jordan, signaling rising tensions during a courtroom hearing on Tuesday. U.S. District Judge Kenneth Bell of the Western District of North Carolina questioned both NASCAR and the teams—23XI Racing, co-owned by Jordan and three-time Daytona 500 victor Denny Hamlin, and Front Row Motorsports, owned by entrepreneur Bob Jenkins—about the objectives of their antitrust conflict, which has been brewing for several months. Bell expressed concern over … Read more

Federal Appeals Court Sides with NASCAR, Vacates Injunction in High-Profile Antitrust Case Involving Michael Jordan’s Racing Team

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CHARLOTTE, N.C. — A federal appellate court has sided with NASCAR in an ongoing antitrust case involving two race teams, one owned by basketball legend Michael Jordan. A three-judge panel vacated an injunction that required the teams, 23XI and Front Row Motorsports, to be recognized as chartered entities while their legal dispute progresses. The two teams filed suit against NASCAR late last year after they opted not to endorse renewed charter agreements. NASCAR’s charter system, akin to franchise agreements in various sports, allows charters to be revoked and are subject to expiration. While 13 other … Read more