Category Archives: Law and Law Enforcement

Justice Department Requires Divestitures In Order For Centurylink To Proceed With Its Acquisition Of Level 3 Communications

The Department of Justice announced today that it will require CenturyLink, Inc. and Level 3 Communications, Inc. to divest Level 3’s telecommunications networks in Albuquerque, Boise, and Tucson, and to offer long-term leases called indefeasible rights of use for dark fiber along 30 intercity routes in order for the companies to proceed with CenturyLink’s acquisition of Level 3.

Justice Department Requires Divestitures in Order for CenturyLink to Proceed with Its Acquisition of Level 3 Communications

The Department of Justice announced today that it will require CenturyLink, Inc. and Level 3 Communications, Inc. to divest Level 3’s telecommunications networks in Albuquerque, Boise, and Tucson, and to offer long-term leases called indefeasible rights of use for dark fiber along 30 intercity routes in order for the companies to proceed with CenturyLink’s acquisition of Level 3.

Justice Department Requires Divestiture of SGL’s U.S. Graphite Electrodes Business in Order for SDK to Proceed with Its Acquisition of SGL’s Global Graphite Electrodes Business

Showa Denko K.K. (SDK) will be required to divest SGL Carbon SE’s (SGL) entire U.S. graphite electrodes business in order for SDK to proceed with its proposed $264.5 million acquisition of SGL’s global graphite electrodes business.

Justice Department Requires Divestiture Of SGL’s U.S. Graphite Electrodes Business In Order For SDK To Proceed With Its Acquisition Of SGL’s Global Graphite Electrodes Business

Showa Denko K.K. (SDK) will be required to divest SGL Carbon SE’s (SGL) entire U.S. graphite electrodes business in order for SDK to proceed with its proposed $264.5 million acquisition of SGL’s global graphite electrodes business.

Second E-Commerce Company And Its Top Executive Agree To Plead Guilty To Price-Fixing Conspiracy In Customized Promotional Products Industry

E-commerce company Custom Wristbands Inc. (aka Kulayful Silicone Bracelets, Kulayful.com, Speedywristbands.com, Promotionalbands.com, Wristbandcreation.com and 1inchbracelets.com) and its top executive Christopher Angeles have agreed to plead guilty for conspiring to fix prices for customized promotional products sold online to customers in the United States.

E-Commerce Company and Top Executive Agree to Plead Guilty to Price-Fixing Conspiracy for Customized Promotional Products

An e-commerce company and its top executive have agreed to plead guilty to conspiring to fix prices for customized promotional products sold online to customers in the United States. Zaappaaz Inc. (d/b/a WB Promotions Inc., Wrist-Band.com and Customlanyard.net) and its president Azim Makanojiya agreed to plead guilty to a one-count criminal violation of the Sherman Act.

Three Former Traders for Major Banks Arraigned in Foreign Currency Exchange Antitrust Conspiracy

Three United Kingdom nationals and former traders of major banks voluntarily surrendered to the FBI and were arraigned on a charge arising from their alleged roles in a conspiracy to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market, the Justice Department announced today.

Department of Justice Statement on the Closing of its Investigation Into the Possible Acquisition of Chicago Sun-Times by Owner of Chicago Tribune

The Department of Justice’s Antitrust Division issued the following statement today after announcing the closing of its investigation into the possible acquisition of the Chicago Sun-Times by tronc Inc., the owner of the Chicago Tribune:

On May 15, 2017, the Antitrust Division announced that it was investigating the possible acquisition of the Chicago Sun-Times by tronc because the merger of the two daily newspapers in Chicago would raise significant antitrust concerns.