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Tag: antitrust

McDonald’s claims beef suppliers including Tyson fixed prices in explosive antitrust suit

According to an explosive lawsuit, McDonald's alleged that major beef suppliers, including Tyson, conspired to fix prices at artificially high levels in violation of federal antitrust laws. The burger and fries giant alleged its beef suppliers agreed to manipulate and fix prices at “hypercompetitive levels,” according to a lawsuit filed Friday in the Eastern District […]

FTC antitrust case against Amazon moves forward, several state claims dismissed

The Federal Trade Commission's antitrust case against Amazon will move forward, but several states' claims against the e-commerce giant have been dismissed, according to a newly released ruling. In a decision filed privately last week, U.S. District Judge John Chun dismissed the lawsuits from Pennsylvania, New Jersey, Oklahoma and Maryland. However, Chun rejected Amazon's motion […]

Judge partially dismisses FTC's antitrust lawsuit against Amazon

A federal judge on Monday partially dismissed the Federal Trade Commission's (FTC) antitrust lawsuit against Amazon. But few details are currently available about U.S. District Judge John Chun's ruling, which was filed under seal. In December, Amazon asked a judge to dismiss the FTC's lawsuit, arguing that the practices the FTC deemed anticompetitive were actually […]

Google antitrust battles will drag on for ‘years,’ Sundar Pichai says

Google CEO Sundar Pichai acknowledged in a new interview that the company will be tied up in court for “years” as it tries to avoid being clamped down on in two federal antitrust cases that target its business model. U.S. District Judge Amit Mehta ruled in August that Google controls 90 percent of the market […]

Nancy Pelosi’s husband sold $500K in Visa stock before DOJ’s antitrust suit

Nancy Pelosi's husband sold more than $500,000 worth of Visa stock less than three months before the credit-card giant was indicted on federal antitrust charges, public records show. Visa said on Tuesday that the company They're illegally monopolizing the debit card market. This is the culmination of a years-long investigation by the Department of Justice's […]

Justice Department accuses Visa of monopolizing debit market in antitrust lawsuit

The Department of Justice on Tuesday filed a lawsuit against credit card company Visa, alleging that the company is illegally maintaining a monopoly on the debit card market. The Justice Department alleges that Visa restricts competition by entering into exclusive agreements with retailers and banks, forcing them to conduct most or all of their transactions […]

What We Learned from Week 1 of the Ad Tech Antitrust Case

Google is currently on trial for allegedly abusing its dominance in the digital advertising industry, which is worth around $200 billion. Here are some key takeaways from the first week in court. Breitbart News has detailed Google's ongoing antitrust trial over alleged monopoly practices in the digital advertising industry. The US Department of Justice has […]

Why Google antitrust breakup fears are spooking Wall Street

Wall Street analysts are increasingly warning about a possible break-up of Google as the tech giant seeks to flee two federal antitrust lawsuits that could devastate its business model. The Justice Department is seeking to force a sale of Google's digital advertising business in an antitrust lawsuit that began in Virginia federal court last week. […]