Antitrust observers told Law360 Thursday they expect significant scrutiny of DoorDash's plan to acquire Instacart for an equity value of approximately $17 billion, pointing to the overlap between their restaurant and grocery delivery services, and the timing of the deal just as the Federal Trade Commission launches a surveillance pricing investigation.
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TOP NEWS

Tech Prices, Driver Networks Hang Over DoorDash Tie-Up

By Bryan Koenig

Antitrust observers told Law360 Thursday they expect significant scrutiny of DoorDash's plan to acquire Instacart for an equity value of approximately $17 billion, pointing to the overlap between their restaurant and grocery delivery services, and the timing of the deal just as the Federal Trade Commission launches a surveillance pricing investigation.

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3 Firms Steer $17B DoorDash-Instacart Grocery Delivery Deal

By Al Barbarino

DoorDash Inc. said Thursday it has agreed to acquire Instacart for an equity value of approximately $17 billion, with Latham & Watkins LLP advising DoorDash and Cravath Swaine & Moore LLP and Cooley LLP representing Instacart. 

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Meat Plant Workers Say DOJ's Wrong On Wage-Fixing Deals

By Matthew Perlman

Beef and pork plant workers seeking final approval for $200 million in wage-fixing settlements reached with major meat processors told a Colorado federal court the U.S. Department of Justice is raising concerns about conduct that stopped years ago.

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DOL Finalizes Pharmacy Benefit Manager Fee Disclosure Rule

By Kellie Mejdrich

The U.S. Department of Labor's employee benefits arm unveiled a final rule Thursday that requires pharmacy benefit managers — which act as intermediaries between drugmakers, pharmacies and insurers — to make new disclosures on their fees and compensation to employer-sponsored group health plans.

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House Bill Would Increase Oversight Of Antitrust Settlements

By Matthew Perlman

Rep. Jamie Raskin, D-Md., introduced proposed legislation Thursday that would increase court scrutiny of antitrust settlements reached by federal enforcers, with the lawmaker saying more oversight is needed after the White House's involvement in recent cases.

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INTERNATIONAL

Watchdog Seeks Views On Merger Of Workforce Safety Cos.

By Dawood Fakhir

The U.K.'s antitrust regulator said Thursday it is seeking the market's view on whether the combination of two of Britain's largest providers of safety systems for lone workers could harm competition in Britain.

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CMA Starts Probe Into Meat Packer ABP's Acquisition Deal

By Irene Madongo

Britain's antitrust watchdog said Thursday it is launching an inquiry into meat supplier ABP Food Group's completed acquisition of an indirect minority stake in the owner of Dovecote Park, a Yorkshire-based beef processor.

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LITIGATION

WTA Appeals Ruling Keeping Tennis Antitrust Suit Alive

By Caroline Simson

The corporate and commercial entity that operates the Women's Tennis Association said Wednesday it will file an interlocutory appeal challenging a New York federal judge's ruling last month denying its bid to force antitrust claims brought by tennis players into arbitration.

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Schools Can Appeal Forum Ruling In 'Early Decision' Case

By Carolyn Muyskens

A group of 21 elite universities, including Columbia, Duke and Penn, won permission to appeal a ruling that a Massachusetts federal court has personal jurisdiction over them in a lawsuit claiming they conspired to use the "early decision" admissions process to raise tuition.

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Judge Seems Unswayed By Fears SEC Seeks 'Enemies List'

By P.J. D'Annunzio

A Pennsylvania federal judge on Thursday appeared reluctant to block the U.S. Securities and Exchange Commission's subpoena seeking information about voting advice that proxy adviser Institutional Shareholder Services gives to institutional investors despite ISS' concerns about political retaliation.

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Colo. Judge Blocks Coors' Supplier From Exiting Contract

By Rachel Konieczny

Beer brand supplier Constellation Brands Inc. cannot terminate its 18-year-long distribution contract with Coors Distributing Co. LLC until arbitration can occur as mandated under the companies' agreement, a Colorado state judge ruled.

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Pot Use Firing Suit Can Be Arbitrated Despite Flawed Clause

By Mike Curley

A California state judge has granted Aarris Healthcare Staffing LLC's bid to compel arbitration against a former employee alleging she was wrongly fired for off-duty cannabis use, despite finding portions of the agreement unenforceable.

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Ex-Property Management VPs Owe $1.6M For Poaching Clients

By Hayley Fowler

Two former officers and directors at a North Carolina property management company must pay their ex-employer more than $1.6 million in damages to make up for clients they allegedly poached for a rival business they ran, a state court judge ruled, granting the company a partial pretrial win.

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Spoliation Silence Should End Price-Fixing Claims, Court Told

By Lauraann Wood

Broiler chicken producers defending sprawling price-fixing accusations in Illinois argue two Burford Capital units' intentional discovery misconduct that destroyed key bid-rigging evidence should bar the litigation funding units from pursuing claims in two food distributors' place.

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PEOPLE

MoFo Adds 2 Paul Weiss Attys, Including Biz Litigation Leader

By Andrea Keckley

Morrison Foerster announced the addition of two litigators from Paul Weiss Rifkind Wharton & Garrison LLP on Thursday as partners in New York, including a returning partner who will lead the firm's business litigation and disputes team.

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EXPERT ANALYSIS

Compete Act Reinforces Calif.'s Antitrust Leadership Role

California's recent passage of the Compete Act, which expands the state's principal antitrust statute's focus on concerted multifirm conduct to business dealings between two or more firms, underscores California's leadership in state antitrust enforcement as attorneys general move to fill perceived gaps left by reduced federal oversight, say attorneys at Skadden.

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LEGAL INDUSTRY

Are You Happy With Your In-House Role? Take Our Survey

Is your company giving you everything you need to succeed? What are some misconceptions about working in-house? Help Law360 Pulse answer these questions and more in this year's In-House Satisfaction Survey.

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DOJ Backs Ex-Wisconsin Judge's ICE Obstruction Conviction

By Andrea Keckley

The U.S. Department of Justice told the Seventh Circuit that the high-profile conviction of a former Wisconsin state court judge for interfering with an ICE arrest was not compromised by her position on the bench or by jury instructions.

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Roundup

Hub Hires: WilmerHale, Womble Bond, Kirkland

By Chris Villani

Falling temperatures didn't bring a cooldown in the Boston legal lateral market as WilmerHale and Robinson & Cole LLP both welcomed former assistant attorneys general, Honigman LLP established its first office in the market, and Kirkland & Ellis LLP snagged a partner from Ropes & Gray LLP.

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Law360's Legal Lions Of The Week

By Kevin Penton

Consovoy McCarthy PLLC and Smith Porsborg Schweigert Armstrong Moldenhauer & Smith lead this week's edition of Law360 Legal Lions, after the Eighth Circuit struck down the Federal Reserve's regulatory cap on the swipe fees that larger banks may collect on debit card transactions.

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Cyberattack Class Action Against Fox Rothschild Dropped

By Madison Arnold

Three data breach victims have dismissed their proposed class action against Fox Rothschild LLP after ransomware group Silent Ransom Group targeted the firm.

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Ramona Nee, Tapped To Lead Weil, Now In Talks With Kirkland

By Daniel Moritz-Rabson

Ramona Nee, the co-leader of Weil Gotshal & Manges LLP's U.S. private equity practice who had been poised to become its leader, is engaged in talks to join Kirkland & Ellis LLP, a source with knowledge of the situation told Law360 Pulse on Friday.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Meta reached a settlement during jury selection in the second Los Angeles bellwether trial over claims its Instagram platform harms the mental health of children, leaving Snap as the lone defendant facing trial. In the meantime, current and former in-house lawyers for Google and Meta said that the ability of AI to write patent applications is rapidly improving, and that in blind tests, experienced attorneys often deem AI-drafted patents to be superior to those from humans. These are some of the stories in corporate legal news you may have missed in the past week.

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Jackson Walker Inks $500K Deal In EXCO's Ch. 11 Fee Fight

By Clara Geoghegan

Jackson Walker has agreed to pay EXCO Resources Inc. $500,000 to end litigation over fees paid to the firm while one of its partners was in an undisclosed relationship with the former bankruptcy judge who mediated in the reorganized oil and gas driller's Texas Chapter 11.

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Fed. Judge A No-Show Amid Inquiry Into Her Mental Health

By Craig Clough

U.S. District Judge Ada Brown of the Northern District of Texas failed to appear Friday before a judicial investigative committee examining allegations that she abandoned her post and concerns that a mental condition may be interfering with her ability to perform her duties.

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K&L Gates DQ'd In Trust's Mortgage Loan Agreement Dispute

By Isaac Monterose

A Washington federal judge disqualified K&L Gates LLP from a trust's dispute over a residential mortgage loan sale agreement, ruling that the law firm must leave the suit because it drafted the form agreement used in the transaction.

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Cruz Counsel Returns To FCC As Space Bureau Chief

By Nadia Dreid

The Federal Communications Commission has named a former employee with experience in both the public and private sectors to head the agency's Space Bureau, after a stint as chief telecommunications counsel to the Senate Commerce Committee.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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Kalshi Taps Clement For High Court Sports Contracts Fight

By Elaine Briseño

Kalshi has hired appellate heavyweight Paul D. Clement of Clement & Murphy PLLC to represent the company in its potential U.S. Supreme Court battle over whether the prediction markets platform's sports wagering is subject to state or federal oversight.

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LAW FIRMS IN TODAY'S NEWS

ArentFox Schiff

Arnold & Porter

Ashurst Perkins

Axinn

Bailey Duquette

Baker Botts

Barnes & Thornburg

Bartlit Beck

Bass Berry

Baughman Kroup

Benesch

Berger Montague

Blanco Tackabery

Brown Rudnick

Brownstein Hyatt

Bryan Cave Leighton Paisner

Byrnes Keller

Clarick Gueron

Cleary Gottlieb

Clement & Murphy

Cohen & Gresser

Cohen Milstein

Consovoy McCarthy

Cooley LLP

Covington & Burling

Cravath Swaine

Crowell & Moring

Davis Graham

Debevoise & Plimpton

Downey Law LLC

Faegre Drinker

Federman & Sherwood

Felhaber Larson

Foley & Lardner

Fox Rothschild

Freshfields

Gibson Dunn

Goodwin Procter

Gordon Rees

Goulston & Storrs

Hagens Berman

Handley Farah

Hogan Lovells

Honigman LLP

Husch Blackwell

Ice Miller

Jenner & Block

Jones Day

K&L Gates

Kasowitz LLP

Kellogg Hansen

Kesselman Brantly

King & Spalding

Kirkland & Ellis

Kopelowitz Ostrow

Koskoff Koskoff

Kutak Rock

Langer Grogan

Latham & Watkins

Lockridge Grindal

Mayer Brown

McGrath & Spielberger

McGuireWoods

Milbank LLP

Milberg PLLC

MoloLamken

Morgan Lewis

Morrison & Foerster

North Law PC

Norton Rose

Nutter McClennen

O'Melveny & Myers

Orrick Herrington

Patterson Belknap

Paul Hastings

Paul Weiss

Pillsbury Winthrop

Proskauer Rose

Quinn Emanuel

Recht Kornfeld

Robinson & Cole

Ropes & Gray

Rusty Hardin

Saul Ewing

Seeger Weiss

Shamis & Gentile

Shook Hardy

Sidley Austin

Simpson Thacher & Bartlett

Skadden Arps

Smith Porsborg

Spencer Fane

Squire Patton

Sterne Kessler

Stinson LLP

Sullivan & Cromwell

Susman Godfrey

Troutman

Tucker Ellis

Venable LLP

Weil Gotshal

White & Case

Willkie Farr

WilmerHale

Wilson Sonsini

Womble Bond

COMPANIES IN TODAY'S NEWS

ABP Corp.

AHP Servicing LLC

ATP Tour Inc.

Accenture PLC

Agri Beef

Agri Stats Inc.

Amazon.com Inc.

American Arbitration Association

American Economic Liberties Project

American Foods Group LLC

American Homeowner Preservation LLC

American Intellectual Property Law Association

Anthropic PBC

Association of Tennis Professionals

BPGbio Inc.

Barnard College

Bayer AG

Burford Capital LLC

Cargill Inc.

Constellation Brands Inc.

Crown Imports LLC

DoorDash Inc.

Duke University

EXCO Resources, Inc.

Fifth Third Bancorp

Foundation Building Materials

Google LLC

Hewlett Packard Enterprise Co.

Hormel Foods Corp.

Instacart

Instagram Inc.

Institutional Shareholder Services Inc.

JBS USA Holdings Inc.

JPMorgan Chase & Co.

Johns Hopkins University

Johnson & Johnson

Juniper Networks Inc.

Lehman Brothers Holdings Inc.

Live Nation Entertainment Inc.

Lowe's Cos. Inc.

Maines Paper & Food Service

Meta Platforms Inc.

Monsanto Co.

NFL Enterprises LLC

National Beef Packing Co. LLC

New York State Bar Association

New York University

Paramount Global

Perdue Farms Inc.

Pharmaceutical Care Management Association

Renaissance Capital

Rocket Cos.

Rocket Mortgage LLC

Smithfield Foods Inc.

Snap Inc.

Space Exploration Technologies Corp.

Sysco Corp.

The ERISA Industry Committee

The Goldman Sachs Group Inc.

The Progressive Corp.

The State University of New York

Themis Solutions Inc.

Triumph Foods LLC

Tyson Foods Inc.

Uber Eats

Uber Technologies Inc.

United States Tennis Association Inc.

University of California Davis

Verizon Communications Inc.

WTA Tour Inc.

Walmart Inc.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Department of Finance

California Law Revision Commission

California legislature

Colorado Attorney General's Office

Commodity Futures Trading Commission

Competition and Markets Authority

Employee Benefits Security Administration

Equal Employment Opportunity Commission

Federal Bureau of Investigation

Federal Communications Commission

Federal Housing Administration

Federal Reserve System

Federal Trade Commission

Los Angeles Superior Court

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

U.S. Attorney's Office for the Eastern District of Wisconsin

U.S. Court of Appeals for the Seventh Circuit

U.S. Department of Justice

U.S. Department of Labor

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Massachusetts

U.S. District Court for the Eastern District of Pennsylvania

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

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

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

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

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

U.S. Immigration and Customs Enforcement

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Colorado

Wisconsin Supreme Court