antitrust

Private equity firms tried to shoplift $4 billion from Albertsons before selling it to Kroger, until a judge stopped them — for now

In Slate, Moe Tkackik has an excellent analysis if the proposed Albertsons/Kroger merger, what he calls our “cash-extractive economy.” A judge has paused the deal, which would divert $4 billion from the companies to the private equity partners, [T]he current norm [is] that views every realm of commercial activity as first and foremost a vehicle…

Directors Resign from the Boards of Five Companies in Response to Justice Department Concerns about Potentially Illegal Interlocking Directorates | OPA | Department of Justice

The Department of Justice announced the resignation of seven directors from interlocking board seats. The Justice Department announced today that seven directors have resigned from corporate board positions in response to concerns by the Antitrust Division that their roles violated the Clayton Act’s prohibition on interlocking directorates. Section 8 of the Clayton Act (Section 8)…

Ex-Bumble Bee CEO Gets 3-Year Prison Term, a Rarity in Antitrust – Bloomberg

Former Bumble Bee Foods LLC chief executive officer Chris Lischewski was sentenced to more than three years in prison for his role in a price-fixing racket, a rare outcome in a U.S. antitrust crackdown. In December, Lischewski was found guilty by a San Francisco federal jury of conspiring with colleagues and other industry executives to…