Kroger Co. and Albertsons said Thursday they agreed to delay closing on their $25 billion merger until after a judge rules on the merits of Colorado regulators' antitrust case, allowing the companies to avoid a two-week hearing next month.
Law360
Competition
FRIDAY, JULY 26, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Photo_illustration_in_Paraguay_-_18_Jul_2024_25904.jpg

Kroger, Albertsons Agree To Delay $25B Merger Closing

By Thy Vo

Kroger Co. and Albertsons said Thursday they agreed to delay closing on their $25 billion merger until after a judge rules on the merits of Colorado regulators' antitrust case, allowing the companies to avoid a two-week hearing next month.

2 documents attached | Read full article » | Save to favorites »

4 Banks Ordered To Comply With UK Retail Competition Rules

By Najiyya Budaly

HSBC, Lloyds, TSB and Allied Irish Banks have broken rules designed to help customers find the best deals, Britain's antitrust authority said Thursday, adding that it has ordered the lenders to comply with competition regulation. 

Read full article » | Save to favorites »

Google Wants To Keep 'Monopolistic Status Quo,' Epic Says

By Bryan Koenig

Epic Games assailed Google on Wednesday for overcomplicating and overpricing changes to the Play Store required by the gaming giant's antitrust jury win, arguing that what Google says are needed security and maintenance protocols are just the latest effort to relitigate the case and "weaken the remedy."

Brief attached | Read full article » | Save to favorites »

Brief

4th Circ. Vacates FTC Loss After Novant Bows Out Of Merger

By Hayley Fowler

The Fourth Circuit has agreed to vacate a North Carolina federal judge's ruling allowing Novant Health's planned $320 million hospital merger to advance after the Federal Trade Commission secured an emergency injunction on appeal that effectively killed the deal.

Order attached | Read full article » | Save to favorites »

MERGER REVIEW

Bally's OKs Standard General's Takeover Valuing It At $4.6B

By Jade Martinez-Pogue

Bally's Corp. announced on Thursday its plans to merge with Standard General-owned The Queen Casino & Entertainment Inc., a regional casino operator, in a deal that values Bally's at $4.6 billion and was crafted by five law firms.

Read full article » | Save to favorites »

AIP Buys AGCO's Grain & Protein Biz In $700M Cash Deal

By Jade Martinez-Pogue

Agricultural machinery company AGCO Corp., advised by Simpson Thacher & Bartlett LLP, on Thursday announced plans to sell the majority of its grain and protein business to industrial investor American Industrial Partners, led by Sidley Austin LLP, in an all-cash deal valued at $700 million.

Read full article » | Save to favorites »

Deals Rumor Mill: Wiz-Google, Daily Telegraph, Medline IPO

By Tom Zanki

Cybersecurity startup Wiz has rebuffed a buyout offer from Google, former British finance minister Nadhim Zahawi is preparing a $773 million bid for the Daily Telegraph, and medical supplies giant Medline is preparing an initial public offering for 2025. Here, Law360 breaks down these and other notable deal rumors from the past week.

Read full article » | Save to favorites »

POLICY & REGULATION

Dems' Bill Looks To Prevent Collusion With OPEC

By Courtney Bublé

A pair of Democrats in the House and Senate on environmental committees introduced a bill Wednesday to punish fossil fuel companies that collude with OPEC to increase prices.

Bill attached | Read full article » | Save to favorites »

LITIGATION

Plaintiffs Can't Expand Beef Price Fixing Suit, Court Told

By Jared Foretek

Beef producers defending against antitrust claims are telling a Minnesota federal judge that a proposed class of ranchers are too late to take their newest proposed complaint to court, arguing that the case should be permanently tossed after two failed attempts to get past the pleading stage.

3 documents attached | Read full article » | Save to favorites »

Tobacco Products Co. Hits Wash. Pot Business With TM Suit

By Ivan Moreno

Wholesaler BBK Tobacco & Foods LLP has hit a Washington state cannabis company with a complaint in Arizona federal court that alleges it is infringing the "Juicy" trademark BBK uses for a variety of smoking and smoking-related products.

Complaint attached | Read full article » | Save to favorites »

LEGAL INDUSTRY

Analysis

How Being A Female Litigator May Aid Harris' Presidential Bid

By Aebra Coe

Female litigators regularly confront implicit biases and double standards when it comes to "their appearance, voice, attire, demeanor and their advocacy," according to the author of an American Bar Foundation research report on first chair trial lawyers.

Read full article » | Save to favorites »

'Terrible Decisions': Ex-McElroy Deutsch CFO Gets 5 Years

By Carla Baranauckas

McElroy Deutsch Mulvaney & Carpenter LLP's former chief financial officer was sentenced Friday in a New Jersey state court to five years in prison and ordered to pay restitution for embezzling more than $1.5 million from the firm and failing to pay income tax.

Read full article » | Save to favorites »

Analysis

How Barrett Became The High Court's Justice To Watch

By Katie Buehler

Justice Amy Coney Barrett has revealed a unique trifecta of caution toward overly broad opinions, devotion to the factual record and concern for the practical effects of court rulings that separates her from the other right-leaning justices and contains the potential to broker more moderate rulings in future terms.

Read full article » | Save to favorites »

Cadwalader Suing Lloyd's Over Cyberattack Coverage Denial

By Lynn LaRowe

Cadwalader Wickersham & Taft LLP has filed suit against insurer Lloyd's of London in North Carolina state court, alleging the company has failed to reimburse the law firm for expenses related to a November 2022 data breach.

3 documents attached | Read full article » | Save to favorites »

Attys Face Sanctions For Fake Citations In Whistleblower Suit

By Rachel Rippetoe

A Virginia federal judge has asked lawyers representing a plaintiff in a whistleblower case to defend why they should not be sanctioned for including seemingly fabricated case sources in a brief objecting to a protective order, questioning whether it was a case of "ChatGPT run amok."

Opinion attached | Read full article » | Save to favorites »

Ex-Thompson Hine Atty Says Firm Can't Oppose NY Jurisdiction

By Xiumei Dong

Former Thompson Hine LLP income partner Rebecca Brazzano fired back at efforts by two firm partners to dismiss her lawsuit alleging sexual harassment, contending among other arguments that they waived their right to contest personal jurisdiction by filing another motion that attempts to force arbitration that didn't raise the jurisdiction issue.

2 documents attached | Read full article » | Save to favorites »

Cuomo Harassment Document Fight Heads To NY Appeals Court

By Rachel Scharf

A Manhattan judge on Friday allowed both the New York attorney general and former Gov. Andrew Cuomo to appeal parts of a decision requiring the state to produce unredacted transcripts of some witness interviews in the sexual harassment investigation that led to Cuomo's resignation.

Read full article » | Save to favorites »

Rutgers Fights Contempt Bid By Student Who Filed Bias Suit

By Rose Krebs

Rutgers University wants a New Jersey state court to reject a bid by a law school student who filed a discrimination suit against it to hold the school in contempt for moving ahead with disciplinary measures against him, arguing there is "no basis" to grant the request.

Brief attached | Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Kevin Penton

Boyden Gray PLLC leads this week's edition of Law360 Legal Lions, after the full Fifth Circuit struck down as unconstitutional the Federal Communications Commission's system for subsidizing telecommunications service for rural and low-income users.

Read full article » | Save to favorites »

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

What a news week! President Joe Biden started it off by announcing he would not seek re-election, but then said he would push for reform of the U.S. Supreme Court in his remaining time. And the Boeing Co. confirmed it has finalized its agreement with federal prosecutors to plead guilty to one count of criminal conspiracy to defraud, related to safety issues and two fatal plane crashes.

Read full article » | Save to favorites »

UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London has seen U.K. band The 1975 face action by Future Sound Asia after its performance in Malaysia resulted in a festival's cancelation, Spectrum Insurance hit by The Motoring Organization following their dispute over information misuse, and a former police constable pursue defamation against a colleague for allegedly instigating a campaign of harassment against her. Here, Law360 looks at these and other new claims in the U.K.

Read full article » | Save to favorites »

Assa Abloy Resolves DOJ Merger Monitor Dispute

By Bryan Koenig

Assa Abloy told a D.C. federal judge that it's agreed "in principle" on how a monitoring trustee will review its compliance with a U.S. Department of Justice merger lawsuit settlement, resolving a simmering dispute over its complaints of an open-ended multimillion-dollar investigation.

Report attached | Read full article » | Save to favorites »

Georgia Judge Won't Block Prosecutor Oversight Commission

By Kelcey Caulder

A Georgia judge has rejected an attempt to temporarily block a new state commission created to investigate and discipline state prosecutors, finding it doesn't violate Georgia's constitution.

Order attached | Read full article » | Save to favorites »

Girardi Can't Show Ex-CFO's Spending Habits In Fraud Trial

By Gina Kim

Jurors in Tom Girardi's upcoming fraud trial won't hear details about the spending habits of Girardi Keese's former CFO, who's accused of a "side fraud" that bilked millions without Girardi's knowledge, after a California federal judge agreed with prosecutors Friday that the evidence appears more prejudicial than probative.

Read full article » | Save to favorites »

Hunter Biden's Attys Made 'False Statements,' Judge Says

By Bonnie Eslinger

The California federal judge overseeing Hunter Biden's criminal tax trial threatened to sanction the presidential son's lawyers Wednesday, saying they made "false statements" in a motion to dismiss that cited a Florida federal judge's order disqualifying the special prosecutor in Donald Trump's classified documents case.

Order attached | Read full article » | Save to favorites »

Promo that reads Law360 Diversity Snapshot Promo that reads 2024 Rising Stars

LAW FIRMS IN TODAY'S NEWS

AMD Solicitors

Archer & Greiner

Arnold & Porter

Baker Botts

Bassford Remele

Bird & Bird

Boyden Gray

Bruce P. Brown Law

Bryan Cave

Cadwalader Wickersham

Cleary Gottlieb

Cravath Swaine

Crowell & Moring

DLA Piper

Debevoise & Plimpton

Dechert LLP

Dickinson Wright

Dykema

Faegre Drinker

Figari & Davenport

Fried Frank

Geragos & Geragos

Gibbons PC

Gibson Dunn

Girardi & Keese

Glavin PLLC

Goodwin Procter

Greene Espel

Guerra LLP

Hausfeld LLP

Haynes & Boone

Hill Dickinson

Hogan Lovells

Holland & Hart

Hunton Andrews

Javerbaum Wurgaft

Jones Day

Kirkland & Ellis

Kramer Levin

Loeb & Loeb

Mazie Slater

McElroy Deutsch

McGrath North

McGuireWoods

Mishcon de Reya

Morgan Lewis

Munger Tolles

Nixon Peabody

Orrick Herrington

Parker Poe

Parker Young

Paul LLP

Paul Weiss

Penningtons Manches

Perkins Coie

Potter Anderson

Quinn Emanuel

Reynolds Porter

Richards Layton

Robbins Alloy

Robinson Bradshaw

Shakespeare Martineau

Sheppard Mullin

Sher Tremonte

Sidley Austin

Simmons & Simmons

Simpson Thacher & Bartlett LLP

Spencer Fane

Stewarts Law LLP

Sullivan & Cromwell

Thompson Hine

Ward & Berry

Wedlake Bell

Weil Gotshal

Wheeler Trigg

Wilkinson Stekloff

Williams & Connolly

Winston & Strawn

Wordley Partnership

COMPANIES IN TODAY'S NEWS

AGCO Corp.

Albertsons Cos. Inc.

Allergan PLC

Allied Irish Banks PLC

Alphabet Inc.

Amazon.com Inc.

American Bar Association

American Bar Foundation

American Industrial Partners

Apple Inc.

Archer-Daniels-Midland Co.

Assa Abloy AB

Bally's Corp.

Bank of America Corp.

Belle of Baton Rouge

Blackstone Inc.

Bloomberg

Bunge Ltd.

C&S Wholesale Grocers

Cargill Inc.

Casino Queen Inc.

Center for Biological Diversity Inc.

Chevron Corp.

Coatue Management LLC

Consolidated Edison Inc.

Delta Air Lines Inc.

DraftKings Inc.

Epic Games Inc.

Food & Water Watch

Ford Motor Co.

Forest Laboratories Inc.

Fortune Brands Home & Security Inc.

George Washington University

Google LLC

Government Accountability Project

Grant Thornton LLP

HBI International

HSBC Holdings PLC

Hellman & Friedman LLC

JBS USA Holdings Inc.

LinkedIn Corp.

Lloyds Banking Group PLC

MasterCard Inc.

McKesson Corp.

Medline Industries Inc.

Microsoft Corp.

National Association for Law Placement Inc.

National Beef Packing Co. LLC

Natural Resources Defense Council

Novant Health Inc.

Omnitracs LLC

Pioneer Natural Resources Co.

QUALCOMM Inc.

Regeneron Pharmaceuticals Inc.

Sierra Club

Sinclair Broadcast Group Inc.

Southwestern Law School

Spectrum Brands Inc.

Spectrum Management Holding Co.

Standard General LP

The Boeing Co.

The Carlyle Group Inc.

The Kroger Co.

The Metropolitan Museum of Art

Tiger Global Management LLC

Tyson Foods Inc.

United Therapeutics Corp.

WNS (Holdings) Limited

Warner/Chappell Music Inc.

Wells Fargo & Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Companies House

Competition and Markets Authority

Consumer Financial Protection Bureau

Equal Employment Opportunity Commission

European Commission

European Union

Federal Communications Commission

Federal Trade Commission

Financial Conduct Authority

Georgia Supreme Court

House Committee on Energy and Commerce

National Crime Agency

New York State Police

Port of Seattle

Superior Court of Fulton County

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the District of Delaware

U.S. Court of Appeals for the Fourth Circuit

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of State

U.S. Department of Transportation

U.S. Department of the Interior

U.S. District Court for the Central District of California

U.S. District Court for the District of Arizona

U.S. District Court for the District of Columbia

U.S. District Court for the District of Delaware

U.S. District Court for the District of Minnesota

U.S. District Court for the Northern District of California

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Virginia

U.S. Environmental Protection Agency

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the Northern District of West Virginia