The Department of Justice brought an action to block the proposed merger of American Airlines and US Airways, surprising some observers of the airline industry, which has seen significant mergers approved with limited route divestitures in the last decade. The U.S. Court of Appeals for the Eleventh Circuit rejected monopolization claims in a market limited to black hot rolled coil steel because the market definition failed to properly consider supply substitution by producers of other kinds of steel.
Other antitrust developments of note included the New York Attorney General's requirement that an online food-delivery service forgo exclusive arrangements with Manhattan restaurants before it could merge with a rival, the dismissal of conspiracy claims against three private equity funds because the evidence against them did not exclude the possibility of independent action and a ruling that refusal to include cloned horses in a registry violated antitrust law.
Airline Merger
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