Book Publishers' Antitrust Trial Tests DOJ's Approach + Firms Rake in Lobbying Revenue + Cooley, Gibson Dunn Jump Into Insider Trading Cases
The Justice Department is challenging the proposed merger of Penguin Random House and Simon & Schuster on the theory that top authors will be harmed.
July 27, 2022 at 04:12 PM
10 minute read
Welcome to Compliance Hot Spots, our weekly snapshot on white-collar, regulatory and compliance news and trends. The Justice Department is going to court next week to challenge the proposed merger of two giants of book publishing, and they've got Stephen King on their side. We have a preview. Plus, a look at what's driving sky-high lobbying revenues, and who's representing high-profile defendants charged this week in an insider trading blitz. Please get in touch with tips and feedback. Contact me at [email protected] and @AGoudsward on Twitter.
The E. Barrett Prettyman U.S. Courthouse, home of the U.S. Court of Appeals for the District of Columbia Circuit and the U.S. District Court for the District of Columbia, on Saturday, June 6, 2020. Photo: Diego M. Radzinschi/ALM
DOJ Takes Publishing Giants to Trial in Key Antitrust Test
The Justice Department's antitrust division faces a major courtroom test beginning next week as it seeks to use a rarely used legal theory to block the merger of two top book publishers, Penguin Random House and Simon & Schuster.
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3 minute readLaw Firms Mentioned
- Baker & Hostetler LLP
- Shearman & Sterling LLP
- White & Case
- Gibson, Dunn & Crutcher
- Cooley
- Freshfields Bruckhaus Deringer
- Kobre Kim
- Arnold & Porter
- Paul, Weiss, Rifkind, Warton & Garrison
- Rosenberg Martin Greenberg, LLP
- O'Melveny & Myers
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- Morvillo Abramowitz Grand
- Wachtell, Lipton, Rosen & Katz
- Morgan, Lewis & Bockius
- K&L Gates
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Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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