Kicking off his opening statement last week in a merger trial that pits the Federal Trade Commission against Sysco Corp. and US Foods Inc., O’Melveny & Myers partner Richard Parker got a big laugh. “You know you’re in Washington when an antitrust trial draws a crowd. If this was Minneapolis, no one would care,” said Parker, who represents Sysco in the contested $8.2 billion deal.
Indeed, Courtroom 5 on the second floor at the U.S. District Court for the District of Columbia was packed shoulder-to-shoulder with about 100 onlookers including FTC Bureau of Competition head Deborah Feinstein, FTC staff, private antitrust lawyers, investor representatives and lawyers from state attorneys general offices. Roughly 20 more people waited in the hallway outside, reduced to peering through the windows in the courtroom doors until courthouse staff made arrangements to put an audio feed in a vacant room.
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