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

Weil's Demise Sparks Shock, Reflection In The Legal World

By Alison Knezevich and Andrea Keckley

The stunning collapse of Weil Gotshal & Manges LLP is the talk of BigLaw this week, as those in the industry grapple with how the powerhouse Wall Street firm could implode so quickly.

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'Leadership Vacuum' Preceded Weil's Collapse

By Daniel Moritz-Rabson and Aebra Coe

A series of leadership failures and strategic missteps preceded the precipitous downfall of Weil Gotshal & Manges LLP, sources told Law360 Pulse.

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Lessons From The Past For Weil's Final Curtain Call

By Rick Archer

Weil Gotshal & Manges LLP leaders may have every reason to agree to an out-of-court wind-down, but dissolving such a storied law firm, which announced Wednesday it intends to shut down following an exodus of attorneys, is not as simple as a handshake among partners, experts said in interviews with Law360 on Wednesday.

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Weil's Collapse Ends Firm's Long Run As Bankruptcy Leader

By Alex Wittenberg

Weil Gotshal & Manges LLP helped pioneer modern bankruptcy practice and earned hundreds of millions of dollars leading many of the biggest Chapter 11 cases in U.S. history. Its collapse this week marks a stunning end to that legacy and reflects major changes in how law firms function today, attorneys told Law360.

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Troutman, Baker McKenzie Report Data Breaches

By Lynn LaRowe

Troutman Pepper Locke LLP and Baker McKenzie experienced data breaches last month as a result of social engineering attacks, according to notices submitted this week to the attorneys general offices in California and Texas.

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Morgan & Morgan Seeks To Block Celebrity Ad Ban In Florida

By Ryan Boysen

Personal injury giant Morgan & Morgan PA has asked a Florida federal court for a preliminary injunction to block a Sunshine State bar rule that forbids celebrity endorsements in attorney advertisements.

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LAW FIRMS IN TODAY'S NEWS

Akerman LLP

ArentFox Schiff

Arnold & Porter

Ashurst Perkins

Axinn

Baker McKenzie

Bartlit Beck

Baughman Kroup

Berger Montague

Blanco Tackabery

Brownstein Hyatt

Bryan Cave Leighton Paisner

Buchalter LLP

Cohen & Gresser

Cohen Milstein

Cooley LLP

Covington & Burling

Cravath Swaine

Crowell & Moring

Davis Graham

Debevoise & Plimpton

Dewey & LeBoeuf

Downey Law LLC

Eckert Seamans

Faegre Drinker

Felhaber Larson

Foley & Lardner

Fragomen Del Rey

Freshfields

Gibson Dunn

Greenberg Traurig

Gupta Wessler

Hagens Berman

Handley Farah

Hogan Lovells

Holland & Knight

Husch Blackwell

Jenner & Block

Jones Day

Kasowitz LLP

Kellogg Hansen

Kesselman Brantly

Kirkland & Ellis

Kutak Rock

Langer Grogan

Latham & Watkins

Lockridge Grindal

Lowenstein Sandler

Mayer Brown

McDermott Will & Schulte

McGrath & Spielberger

McGuireWoods

MoloLamken

Morgan & Morgan PA

Morgan Lewis

Morrison & Foerster

North Law PC

O'Melveny & Myers

Paul Hastings

Paul Weiss

Pillsbury Winthrop

Proskauer Rose

Quinn Emanuel

Recht Kornfeld

Ropes & Gray

Saul Ewing

Seeger Weiss

Seyfarth Shaw

Shook Hardy

Sidley Austin

Simpson Thacher & Bartlett

Skadden Arps

Spencer Fane

Squire Patton

Stinson LLP

Stroock & Stroock

Sullivan & Cromwell

Tripp Scott

Troutman

Venable LLP

Weil Gotshal

White & Case

Willkie Farr

WilmerHale

COMPANIES IN TODAY'S NEWS

ABP Corp.

ATP Tour Inc.

Agri Beef

Agri Stats Inc.

Amazon.com Inc.

American Arbitration Association

American Bankruptcy Institute

American Economic Liberties Project

American Foods Group LLC

Association of Tennis Professionals

Baretz & Brunelle LLC

Barnard College

Burford Capital LLC

Cargill Inc.

Constellation Brands Inc.

Crown Imports LLC

DoorDash Inc.

Duke University

First Brands Group

Fossil Group Inc.

Gavin Solmonese LLC

Hewlett Packard Enterprise Co.

Hormel Foods Corp.

Instacart

Institutional Shareholder Services Inc.

International Business Machines Corp.

JBS USA Holdings Inc.

JPMorgan Chase & Co.

Johns Hopkins University

Juniper Networks Inc.

Lehman Brothers Holdings Inc.

Level 3 Communications Inc.

LinkedIn Corp.

Live Nation Entertainment Inc.

Maines Paper & Food Service

Major Lindsey & Africa LLC

National Beef Packing Co. LLC

New York University

Perdue Farms Inc.

Pharmaceutical Care Management Association

Smithfield Foods Inc.

Steward Health Care System LLC

Sysco Corp.

The ERISA Industry Committee

The Florida Bar

The Goldman Sachs Group Inc.

The State University of New York

Triumph Foods LLC

Tyson Foods Inc.

Uber Eats

Uber Technologies Inc.

United Airlines Holdings Inc.

United States Tennis Association Inc.

VOYlegal LLC

WTA Tour Inc.

Walmart Inc.

Washington Mutual Inc.

Zeughauser Group LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Department of Finance

California Law Revision Commission

California legislature

Competition and Markets Authority

Employee Benefits Security Administration

Federal Bureau of Investigation

Federal Housing Administration

Federal Trade Commission

Los Angeles Superior Court

Texas Attorney General's Office

U.S. Department of Justice

U.S. Department of Labor

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 Florida

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

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

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Colorado