In September 2022, Parker-Hannifin Corporation (“Parker”) closed its acquisition of Meggitt PLC, after obtaining clearance from regulatory authorities. Compass Lexecon advised Parker during merger proceedings across the globe. The Compass Lexecon team in Europe was led by Neil Dryden and...

Jury Returns Complete Defense Verdict for Toyota On March 10, 2023, a Florida federal jury found in favor of Toyota Motor Corporation (“Toyota”) in a case involving an alleged air conditioning system defect in Toyota vehicles. The alleged defect relates...

In early March 2023, Voltalis completed a significant investment of nearly €100 million in order to equip 400,000 homes with smart management of electricity consumption. Smart management allows households to better monitor and control their consumption, thereby enabling them to...

In  February 2023, the German Bundeskartellamt cleared the acquisition by Unternehmensgruppe Theo Müller (“Müller”) of certain brands and production facilities of Royal Friesland Campina. Both parties are dairy producers with a significant brand presence in Germany. Compass Lexecon advised Müller...

Dr. Manuel A. Abdala and Julian Delamer were retained by Pluspetrol Norte S.A. (“Pluspetrol Norte”) to provide economic analysis in a commercial contract dispute involving the operation of a crude oil concession in the Peruvian Amazonia. Perupetro alleged that Pluspetrol...

In February 2023, online food delivery platform, iFood, agreed behavioural commitments with Brazil’s competition authority (Conselho Administrativo de Defesa Econômica, “CADE”) to conclude an inquiry into its exclusivity agreements with affiliated restaurants. After CADE’s almost 2.5 year-long investigation on whether...

On 17 February 2023, the Norwegian Supreme Court ruled in favour of Schibsted in the Finn/Nettbil merger case, thereby confirming the judgment by the Gulating Court of Appeal from 2022 and overturning the previous merger prohibition decision by the Norwegian...

Cerberus Capital Management, (“Cerberus”) a prominent private equity firm, filed a breach of contract action against the Canadian Imperial Bank of Commerce (“CIBC”) based on two complex structured finance transactions. The reference assets in these transactions consisted of credit fault...

Jury Deliberates for Less Than Two Hours On August 7, 2018, Elon Musk tweeted “Am considering taking Tesla private at $420. Funding secured.” In another tweet later that day, he wrote “Investor support is confirmed. Only reason why this is not certain...

At the beginning of November 2022, US-based consumer water services company Culligan International completed its combination with Waterlogic Holdings, a B2B provider of drinking water dispensers, after obtaining all necessary approvals from competition authorities. Compass Lexecon assisted Culligan throughout the...

Tribunal Relies on Testimony of Compass Lexecon Affiliate John A. List On December 9, 2022, the Federal Court of Australia ruled in favor of Google, which had engaged Compass Lexecon, and dismissed allegations by the Australian Competition and Consumer Commission...

Court Relies Heavily on Testimony of Compass Lexecon Expert Mark A. Israel Compass Lexecon was retained by Rogers Communications Inc. (“Rogers”) to provide economic analysis and expert testimony in support of a C$26 billion landmark merger between Rogers and Shaw...

In October 2022, tobacco giant Philip Morris International obtained conditional clearance from the European Commission to acquire Swedish Match. Compass Lexecon provided the Parties with economic advice on the competitive effects of the transaction. In May 2022, Philip Morris International...

In October 2022, the Chilean competition authority (“FNE”) approved the creation of a joint venture (“JV”) comprising the combination of telecommunications providers VTR and Claro Chile. The JV creates the largest fixed telecoms operator in Chile and a leading mobile...

Commercial broadcasters TF1 and M6, owned by Bouygues and RTL Group respectively, abandoned their merger plans in September 2022, given the significant remedy requirements needed to obtain clearance for the deal. Compass Lexecon provided economic support to Iliad, a major...

Court agrees with the testimony of Compass Lexecon affiliate Peter Rossi On June 2, 2022, the US District Court for the Western District of New York ruled in favor of Compass Lexecon’s client Fisher-Price, denying class certification for damages to...

Following a Phase II investigation in July 2022, Permanent TSB PLC (‘PTSB’) received unconditional clearance from the Irish Competition and Consumer Protection Commission (‘CCPC’) for the €7.6 billion purchase of certain assets of Ulster Bank Ireland DAC (‘Ulster Bank’) in...

Two classes of putative consumers filed lawsuits alleging that eight gasoline refiners conspired to fix prices in California starting in 2012. Plaintiffs’ economic experts argued that the California gasoline market was susceptible to market manipulation and certain business practices by...

Plaintiffs sued on behalf of themselves and a putative class of investors who bought or sold futures contracts based on the Korean KOSPI 200 stock index during overnight trading in 2012. The class that Plaintiffs sought to represent consisted of...

On September 12, 2022, the $8.6B merger of NortonLifeLock (NLOK, Tempe, AZ) and Avast PLC (AVASF, Prague, Czechia) cleared merger control in all global jurisdictions following reviews from the US DOJ and the UK CMA. A Compass Lexecon team led by...

Court Relies Heavily on Testimony of Compass Lexecon Expert Professor Dennis W. Carlton Compass Lexecon was retained by clients Illumina and GRAIL to provide economic analysis and expert testimony in support of a landmark vertical merger between the two companies...

The Spanish High Court (Audiencia Nacional) ruled on 28 January 2022 on the appeal of a fine imposed by the Spanish competition authority CNMC on Talleres Alegria as a result of its alleged involvement in a horizontal agreement by train...

Court Relies on Testimony of Compass Lexecon Affiliate Professor Kenneth Lehn In The Matter of FGL Holdings is a stockholder appraisal action in the Grand Court of the Cayman Islands resulting from Fidelity National Financial Inc.’s $2.7 billion acquisition of...

Compass Lexecon was retained by Cargill Inc., Continental Grain Co., and Sanderson Farms Inc. in connection with their $4.5 billion transaction combining two leading broiler chicken processing firms, Sanderson Farms and Continental Grain subsidiary Wayne Farms. After an investigation lasting...

Compass Lexecon experts Professor Pablo T. Spiller and Miguel A. Nakhle were retained by MOL Hungarian Oil and Gas Company PLC (Claimant) as damages experts in their ICSID international arbitration proceedings against the Republic of Croatia. The claimant filed this...

Compass Lexecon was retained by counsel at Wachtell, Lipton, Rosen, & Katz and Davis Polk & Wardell to represent the parties in connection with Creative Artists Agency’s acquisition of ICM Partners. The transaction combines two of the leading Hollywood talent...

Compass Lexecon was retained by counsel at Wachtell, Lipton, Rosen, and Katz and K&L Gates to represent the parties in connection with II-VI’s acquisition of Coherent. The transaction combines two of the leading laser and optical components manufacturers in the...

Compass Lexecon provided economic advice and analysis during merger proceedings before the Hellenic Competition Authority (“HCC”) related to the acquisition by Delivery Hero of certain business lines of the Mouhalis Group. Delivery Hero is active in food ordering and delivery...

On April 26, 2022, the U.S. District Court for the District of Colorado granted summary judgment in favor of Compass Lexecon client Johns Manville Corporation (“Johns Manville”) on antitrust claims brought by Chase Manufacturing, Inc. (“Chase”). Chase alleged that Johns...

In April 2022, the Finnish Competition and Consumer Authority (“FCCA”) unconditionally cleared the merger between Lantmännen and Myllyn Paras following a Phase 2 investigation. In September 2021, Swedish agri-food group Lantmännen announced its acquisition of Finnish food company Myllyn Paras...