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FTC Staff Questions RJR-BAT Deal
Plans by R.J. Reynolds Tobacco Holdings Inc. and British American Tobacco plc to combine their U.S. operations are running into antitrust trouble. Sources said FTC staff lawyers have reservations about the $2.5 billion deal, which would result in Reynolds and rival Philip Morris USA Inc. controlling 80 percent of the market. Further clouding the deal's fate are two recent reports highlighting antitrust concerns around the transaction.For White & Case, Global Expansion Was the Easy Part
Boasting almost 40 offices worldwide, White & Case has a global network that many firms are trying to emulate through their own international expansion. But the 2,000-lawyer firm has found that expanding across the globe is the easy part. Now, it's wrestling with how to best integrate and utilize the vast network it has acquired over the past three decades. How the firm will be managed going forward will be a major topic this weekend as White & Case partners meet in Prague for their annual retreat.Supreme Court Upholds Right-to-Die Law
Justice Anthony Kennedy wrote for the majority, which ruled that the federal Controlled Substances Act can't be used by the Bush administration to shoot down Oregon's physician-assisted suicide law.DOJ Wins Whirlpool-Maytag Review
One of the most scrutinized battles among antitrust lawyers ended Monday when the Justice Department won responsibility for reviewing Whirlpool's $2.7 billion acquisition of Maytag. The deal is a coveted prize for regulators because of the many thorny issues to address, including high market share for appliances and new competition from overseas. Like the DOJ, the Federal Trade Commission was eager to land the merger partly because the winner gets clear title to future consumer appliance merger reviews.Trending Stories
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