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

BREAKING: Ex-McElroy Deutsch CFO Gets 5 Years For Theft

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 »

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 »

Roundup

After Chevron

In the month since the U.S. Supreme Court overturned the Chevron deference standard, this Expert Analysis series has featured attorneys discussing the potential impact across 26 different rulemaking and litigation areas.

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

Arnold & Porter

Baker Botts

Baker Donelson

Bassford Remele

Bird & Bird

Bryan Cave

Covington & Burling

Cravath Swaine

Crowell & Moring

DLA Piper

Debevoise & Plimpton

Dechert LLP

Dentons

Dickinson Wright

Dykema

Faegre Drinker

FordHarrison

Fried Frank

Gibbons PC

Gibson Dunn

Goodwin Procter

Greene Espel

Guerra LLP

Haynes & Boone

Hill Dickinson

Hogan Lovells

Holland & Hart

Holland & Knight

Husch Blackwell

Jenner & Block

Jones Day

Kramer Levin

Littler Mendelson

Manatt Phelps

McElroy Deutsch

McGrath North

Michelman & Robinson

Mishcon de Reya

Morgan Lewis

Munger Tolles

Nixon Peabody

Orrick Herrington

Parker Poe

Paul Hastings

Paul LLP

Paul Weiss

Penningtons Manches

Perkins Coie

Polsinelli PC

Potter Anderson

Quinn Emanuel

Reynolds Porter

Richards Layton

Robinson Bradshaw

Ropes & Gray

Shakespeare Martineau

Sidley Austin

Simmons & Simmons

Simpson Thacher & Bartlett LLP

Spencer Fane

Sterne Kessler

Stewarts Law LLP

Sullivan & Cromwell

Thompson Hine

Wedlake Bell

Weil Gotshal

Wheeler Trigg

Wiley Rein

Wilkinson Stekloff

Williams & Connolly

Willkie Farr

Wordley Partnership

COMPANIES IN TODAY'S NEWS

AGCO Corp.

Albertsons Cos. Inc.

Allied Irish Banks PLC

Alphabet Inc.

Amazon.com Inc.

American Industrial Partners

Apple Inc.

Archer-Daniels-Midland Co.

Bally's 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

DraftKings Inc.

Epic Games Inc.

Food & Water Watch

George Washington University

Google LLC

Grant Thornton LLP

HBI International

HSBC Holdings PLC

Hellman & Friedman LLC

JBS USA Holdings Inc.

LinkedIn Corp.

Lloyds Banking Group PLC

MasterCard Inc.

Medline Industries Inc.

Microsoft Corp.

Millennium Management LLC

National Beef Packing Co. LLC

Natural Resources Defense Council

Novant Health Inc.

Pioneer Natural Resources Co.

Regeneron Pharmaceuticals Inc.

Sierra Club

Sinclair Broadcast Group Inc.

Spectrum Management Holding Co.

Standard General LP

The Carlyle Group Inc.

The Kroger Co.

The Metropolitan Museum of Art

Tiger Global Management LLC

Tyson Foods Inc.

WNS (Holdings) Limited

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Companies House

Competition and Markets Authority

Consumer Financial Protection Bureau

Equal Employment Opportunity Commission

European Commission

European Union

Federal Communications Commission

Federal Emergency Management Agency

Federal Energy Regulatory Commission

Federal Housing Finance Agency

Federal Trade Commission

Financial Conduct Authority

Food and Drug Administration

House Committee on Energy and Commerce

Internal Revenue Service

International Trade Commission

National Crime Agency

U.S. Court of Appeals for the Fourth Circuit

U.S. Department of Agriculture

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. Department of the Interior

U.S. District Court for the District of Arizona

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. 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