Law Commons^™

A Concise History Of Corporate Mergers And The Antitrust Laws In The United States, C. Paul Rogers Iii

Faculty Journal Articles and Book Chapters

American merger control law today is governed primarily by regulators and not courts, focusing on consumer welfare and efficiency. This was not always the case though, and the author traces the development of this area of law from its nascent beginnings with the Sherman Act to the era of private enforcement witnessed today. As the Indian economy continues to expand,mergers and acquisitions have become frequent bringing with them difficult questions of anti-competitive behaviour. A study of the American experience, it is argued, would provide valuable insight in enforcing the rather untested anti-merger provisions in the Competition Act of India.

In Re K-Dur Antitrust Litigation: The Third Circuit's Controversial Pay-For-Delay Antitrust Decision Splits With Other Circuit Courts, Carl W. Hittinger, Lesli C. Esposito

Villanova Law Review

No abstract provided.

Antitrust Law And Economic Theory: Finding A Balance, Edward D. Cavanagh

Faculty Publications

Over the past forty years, the federal courts have relied more and more on economic theory to inform their antitrust analyses. Economic theory has indeed provided guidance with respect to antitrust issues and assisted the courts in reaching rational outcomes. At the same time, infusion of economic evidence into antitrust cases has made these cases more complex, lengthier, more expensive to litigate, and less predictable.

This Article argues that courts need to restore the balance between facts and economic theory in undertaking antitrust analysis. The problem is not that judges and juries cannot reach good outcomes in antitrust cases, but …

Personal Jurisdiction And Choice Of Law In The Cloud, Damon C. Andrews, John M. Newman

Articles

Cloud computing has revolutionized how society interacts with, and via, technology. Though some early detractors criticized the "cloud" as being nothing more than an empty industry buzzword, we contend that by dovetailing communications and calculating processes for the first time in history, cloud computing is--both practically and legally-a shift in prevailing paradigms. As a practical matter, the cloud brings with it a previously undreamt-of sense of location independence for both suppliers and consumers. And legally, the shift toward deploying computing ability as a service, rather than as a product, represents an evolution to a contractual foundation for interacting.

Already, substantive …

"The Magna Carta Of Free Enterprise" Really?" , Daniel A. Crane

Articles

In U.S. v. Topco Associates, Inc., Justice Thurgood Marshall announced that "[a] ntitrust laws in general, and the Sherman Act in particular, are the Magna Carta of free enterprise.", In The Antitrust Constitution, Thomas Nachbar takes seriously the idea that federal antitrust laws serve a constitutional function. He argues that, contrary to common assumptions, the antitrust laws cannot be understood merely as a form of economic utilitarianism. Rather, they serve the additional purpose of preventing "regulatory harm," the assertion of law-like control over the conduct of others outside the sphere of one's own property interests.

Objective And Subjective Theories Of Concerted Action, William H. Page

UF Law Faculty Publications

Communication is useful and often necessary for rivals to coordinate price and output decisions. All would agree that evidence of communication on these issues is relevant to the issue of whether firms reached an illegal agreement or engaged in concerted action in violation of Section 1 of the Sherman Act. Most courts and commentators would go further and define agreement and concerted action to require communication of one kind or another. I call this view the objective theory of concerted action. Louis Kaplow has recently challenged this approach in three important articles, all of which argue that the focus on …

Young Again, Larry Yackle

Faculty Scholarship

This essay revisits an old problem in the law of federal courts: the source of the right of action in Ex parte Young. The core of the story underlying Young is familiar. Shareholders in railroad corporations filed suit in a federal circuit court, claiming that state established rail rates in Minnesota violated the Fourteenth Amendment and the (dormant) Commerce Clause. The circuit court issued a preliminary injunction barring adoption of the rates and prohibiting the defendants from attempting to enforce them. One of the defendants, Minnesota Attorney General Edward T. Young, nonetheless brought a state court mandamus action against the …

Sea Changes In Consumer Financial Protection: Stronger Agency And Stronger Laws, Dee Pridgen

Dee Pridgen

This article tracks the rising influence of behavioral economics as a guiding force in consumer protection. The Consumer Financial Protection Agency, formed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, is a new and stronger agency for consumers. Two pieces of legislation, the Mortgage Reform and Anti-Predatory Lending Act (Title XIV of Dodd-Frank), and the Credit Card Accountability , Responsibility and Disclosure Act (Credit CARD Act) of 2009, are stronger laws ensuring the safety of consumer financial products. This article examines the new agency and the new laws, explains how they differ from the prior governmental …

Fairness And Antitrust Reconsidered: An Evolutionary Perspective, Thomas J. Horton

Thomas J. Horton

For many American jurists and scholars, the notion that antitrust should incorporate moral norms of fairness is anathema. They believe that supposedly "non-economic goals" such as fairness have no place in America's single-minded focus on economics, consumer welfare, and allocative efficiency. This article reconsiders this position from an evolutionary perspective. After discussing the arguments for and against applying evolutionary norms of fairness in antitrust cases, the article recommends that courts and antitrust regulators begin applying an evolutionary analysis instead of the static economic consumer and total welfare norms in vogue today. The new focus would be on fairness norms, intent, …

U.S. Antitrust: From Shot In The Dark To Global Leadership, David J. Gerber

David J. Gerber

When the US Congress in 1890 enacted the first US antitrust statute in 1890, it was taking a "shot in the dark." There were no models, and there was no experience with this type of law. Today, such laws have been enacted in over 110 countries, and US antitrust law is at the center of a globe-encircling web of competition laws and institutions. In this brief article written as part of a celebration of the history of Chicago-Kent Law School, I review the evolution of US antitrust law from "shot in the dark" to global competition law leadership.

Asia And Global Competition Law Convergence, David J. Gerber

David J. Gerber

No abstract provided.

Who Exempted Baseball, Anyway?: The Curious Development Of The Antitrust Exemption That Never Was, Mitchell J. Nathanson

Mitchell J Nathanson

This article takes a fresh look at baseball’s alleged antitrust exemption and explains why, after all, the exemption is alleged rather than actual. For contrary to popular opinion, this article concludes that the Supreme Court’s 1922 Federal Baseball Club decision did not exempt Organized Baseball from federal antitrust laws. Instead, the opinion was much more limited in scope and never reached the question of whether Organized Baseball should be treated differently than other, similarly situated businesses or institutions, although Organized Baseball clearly invited the Justices to make this determination in its brief to the Court. As this article discusses, the …

Do Singular E Do Plural No Direito Da Concorrência, Victor J. Calvete, Manuel Lopes Porto

Victor J. Calvete

Wrongful acts, like beauty, are in the eyes of the beholder. Felonies are not the same in antitrust or in competition law - at least they should not be, considering the different wording in the American and European law. But the law in the books isn't everything and, in the end, the enforcement differences are quite less than they appeared to be. Starting from that, we go back to the controversial distinction between the realm of unfair competition and the realm of competition protection/antitrust, in order to suggest that there might be a logical transition between the two: antitrust/competition law …

Freedom To Trade And The Competitive Process, Aaron S. Edlin, Joseph Farrell

Aaron Edlin

Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that process is. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers forming improving coalitions. Much of antitrust can be seen as prohibiting firms’ attempts to restrain improving trade between their rivals and customers. In this way, antitrust protects firms’ and customers’ freedom to trade to their mutual betterment.

El Desempeño Como Litigante De La Fne Una Mirada Cuantitativa, Diego G. Pardow

Diego G. Pardow

This paper evaluates the performance on Antitrust cases of the Chilean public enforcer (Fiscalía Nacional Económica, “FNE”), presenting an approach that frames its differences with private plaintiffs in terms of the effort that each of them should deliver during the trial. The presence of the FNE in a particular case is used to draw the line between public and private enforcement, while the number of hearings is considered as a proxy of the joint effort delivered by the parties. The results show that the FNE outperforms private palintiffs in a large number of cases where the defendant’s effort is relatively …

The Role Of Switching Costs In Antitrust Analysis: A Comparison Of Microsoft And Google, Aaron Edlin, Robert Harris

Aaron Edlin

No abstract provided.

Oportunidades Para Las Empresas Dentro De La Omc, Rodolfo C. Rivas Rea Esq.

Rodolfo C. Rivas

The author provides a brief overview of the World Trade Organization (WTO), the International Monetary Fund (IMF) and the World Bank (WB) by explaining the context of their interrelationship. Afterwards, the author delves into a brief analysis of Mexico’s role in the International Trade arena and concludes by describing the paths through which the private sector can benefit from the WTO.///////////////////////////////////////////////////////////////////////////////////////El autor pone en contexto la interrelación entre la Organización Mundial del Comercio (OMC) el Banco Mundial (BM) y el Fondo Monetario Internacional (FMI). Posteriormente, el autor describe brevemente el rol de México dentro de las instituciones de Comercio Internacional …