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Venture capitalism and start-ups in Ohio

Emerging Business

Ohio has become a hot spot for venture capitalists to invest in companies. The level of talent and sense of community that the state provides are just a few of the reasons VC’s are putting their money here. Jay talks with Falon Donahue, CEO of Venture Ohio, and Porter Wright attorney Brett Thornton about why many international companies, including start-ups and emerging businesses from Israel, Japan and the EU, large organizations like Amazon and cyber security firms are calling Ohio home.…

Gun jumping the Brazilian way

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Gun jumping – coordination before merger clearance – isn’t just an American issue.  Jay and Andre Gilbert, a Brazilian competition attorney, discuss what happens in Brazil when parties work together prior to the approval of a merger – Brazil’s standards, potential fines and the penalties companies might be faced with when this happens.…

Introduction to Brazilian antitrust enforcement

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Before the independence of CADE (the Administrative Council for Economic Defense), it could take months for Brazilian mergers to be approved. Jay talks to Brazilian competition attorney Andre Gilberto about how the Brazilian government improved the process for reviewing antitrust and merger cases, what crimes can be criminally prosecuted and merger control.…

The U.S. Supreme Court Declines to Consider Two Appeals Addressing the Foreign Reach of U.S. Antitrust Laws

In 1982, Congress enacted the Foreign Trade Antitrust Improvements Act (FTAIA) because it believed that, in the interests of international comity, U.S. antitrust jurisdiction over international commerce should be limited to conduct that affects the U.S. domestic market.  The effect of the FTAIA was to insert a new section into the federal antitrust statutes, 15 U.S.C. § 6a,  that specifically defined their extraterritorial reach.  Unfortunately, the FTAIA’s Section 6a is largely viewed as poorly worded as exceptions to an exception with some ambiguous language.  Consequently, after its enactment, the FTAIA has led to a host of litigation seeking clarity on …

World’s top banks plead guilty to gaming foreign-currency markets

Our colleagues at  Federal Securities Law Blog report that four of the world’s largest banks — Citigroup, JPMorgan Chase, Barclays and Royal Bank of Scotland — have pleaded guilty to federal antitrust violations for conspiring to manipulate foreign-currency markets. Under the plea agreements, the banks have agreed to be placed on probation and pay criminal fines totaling more than $2.5 billion. Read more.…

JPMorgan settles out of forex antitrust suit after judge denies motion to dismiss

Last week, a federal district judge denied a motion to dismiss filed by 12 banks in a class-action antitrust lawsuit alleging they had rigged the foreign exchange (forex) markets. In response, defendant JPMorgan Chase & Co. promptly settled the lawsuit for $99.5 million and an agreement to assist in the prosecution of claims against the remaining defendants.

Plaintiffs from the U.S., South Korea and Norway all filed separate class-action lawsuits against the defendants, alleging the same operative facts. These lawsuits were eventually consolidated into a multi-district litigation in the Southern District of New York. The complaints alleged that traders from …

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