Antitrust Law

Pharma major Lupin Ltd on Friday said its arm Lupin Pharmaceuticals, Inc USA has entered into a USD 30 million settlement agreement with Humana Inc for litigation over alleged anti-competitive practices. Lupin Pharmaceuticals, Inc USA (LPI) has been involved in multiple civil lawsuits alleging anti-competitive behaviour related to certain products and violation of federal and state antitrust laws. These multiple civil lawsuits were then combined into the collection of similar cases referred to as 'In Re Generic Pharmaceuticals Antitrust Litigation' located in Philadelphia, Pennsylvania, Lupin said in a regulatory filing. "While LPI denies the allegations, bu considering that other defendants have recently settled the case and in order to avoid the costs and uncertainties of continued litigation, LPI has entered into a settlement agreement with one of the plaintiffs namely Humana Inc. (Humana)," it added. Under the terms of the agreement, LPI will pay USD 30 million in consideration

On February 28, 2022, the CCI recorded a prima facie view that the conduct warranted scrutiny and directed its Director General to investigate under Section 26(1) of the Act

Apple has moved the Delhi High Court to block India's antitrust watchdog from seeking its global financial records amid a probe into App Store practices

Apple is contesting rules that allow the Competition Commission of India (CCI) to impose penalties retrospectively based on a company's global turnover

The CCI probe into the steel industry began in 2021 after builders alleged nine firms colluded to restrict steel supply and hike prices in a criminal case

The Commission found that the quotation of identical prices, timing of submission of financial/commercial bids and similar prior conduct support the conclusion of concerted action

A US federal court has rejected the FTC's attempt to break up Meta, ruling that Instagram and WhatsApp can remain under the company's control - a major blow to regulators targeting Big Tech dominance

Madison was among numerous ad agencies and a group of broadcasters raided by CCI on suspicion of collusion over advertising rates and discounts, in strictest regulatory action on the sector to date

The case was triggered by a complaint from state-run Oil and Natural Gas Corporation in 2023, related to bidding of certain tenders by the steel pipe companies

Many foreign and domestic companies are bullish about the Indian courier and parcel delivery market

Elon Musk said that Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store

The civil suits are linked to a 2017 decision by the European Commission to fine Google 2.4 billion euro for illegally leveraging its search dominance

Along with Google and Meta, Amazon and Apple are also currently facing significant antitrust challenges in the US

In internal emails revealed in court, Meta CEO Mark Zuckerberg admits Facebook's cultural relevance is slipping, calling its friend-based model outdated and less engaging

The March 18 surprise searches followed tip-offs under a leniency scheme by the CCI that reduces penalties for companies providing evidence, Reuters has reported, with Dentsu one of those applying

Meta CEO Mark Zuckerberg testifies in antitrust trial, defending Instagram and WhatsApp acquisitions amid FTC claims of stifling competition; a potential breakup looms

While the court ruling is a win for the German antitrust watchdog, the crackdown by powerful EU regulators is more of a threat to Big Tech, said Assimakis Komninos, a partner at White & Case

With that, Apple joins Google parent Alphabet and Facebook owner Meta on Germany's growing list of tech giants subject to possible measures curbing their dominance

Apple's Safari and Google's Chrome browsers dominate the market, it said, with Safari accounting for 88% of browsers on Apple devices and Chrome accounting for 77% on devices running Google's AOS

The Italian watchdog fined Google 102 million euros ($106.7 million) in 2021 for blocking Enel's JuicePass on Android Auto