In a decision Friday dismissing antitrust claims arising from the alleged manipulation of Euroyen TIBOR and Yen-LIBOR rates, Judge Daniels agreed with Judge Buchwald — who dismissed similar allegations regarding LIBOR rates (see our post here) — that fixing rates does not give rise to antitrust injury because the process of establishing interest rate
Antitrust
In Antitrust Challenge to Blanket Music License Program, Judge Engelmayer Allows Narrowed Claims to Proceed
In an opinion today, Judge Engelmayer granted in part and denied in part the summary judgment motion of SESAC, a company that, similar to BMI and ASCAP, offers the blanket music licenses that allow TV stations to broadcast programs that contain copyrighted music. The TV station plaintiffs allege that the SESAC charges exorbitant prices for “all or nothing” licenses. Judge Engelmayer rejected the plaintiffs’ claims that there was an unlawful conspiracy among the over 20,000 composers and musicians (referred to as “affiliates”) who licensed their music through SESAC, but held that the plaintiffs’ claims could proceed regarding the smaller subset of affiliates who, in exchange for large upfront payments, signed “supplemental” agreements that would discourage them from directly licensing their works. These affiliates were generally the “key” composers whose music was too ubiquitous for TV stations to avoid. As Judge Engelmayer explained:
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In Written Decision Upholding Apple Antitrust Monitor, Judge Cote Urges “Reset” of Relations
This morning, Judge Cote issued a written decision reflecting an earlier, oral order to deny Apple’s motion to stay the work of an external monitor pending appeal of the case in which Apple was found liable for antitrust violations relating to the sale of e-books. Judge Cote found that Apple had largely waived arguments about the appointment of the monitor:
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Judge Cote Denies Apple’s Request to Stay The Work of Antitrust Monitor
Reuters has the story, and reports that a written decision will issue at a later date. We will post the ruling when it issues. Our prior posts on the case are here.
Apple Seeks to Stay The Work of “Adversarial” Antitrust Monitor Pending E-Books Appeal
In briefing completed this evening, Apple moved to stay the portion of the injunction Judge Cote imposed in the e-books price-fixing case relating to an external antitrust monitor that Apple contends is improperly acting as an adversary in violation of the Constitution’s separation of powers and the federal rules. (We covered Apple’s earlier objection to the monitor here. Prior posts on the case, proving more background, are here.) Apple’s moving brief argues:
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Judge Cote Agrees With Apple That Antitrust Monitor Should Not Speak Ex Parte With Court
In an Order Monday, Judge Cote agreed with Apple’s objection, discussed in the post below, that its external antitrust monitor should not contact the court ex parte. As for Apple’s other objections concerning ex parte witness interviews and the monitor’s compensation, she directed the parties to confer with the government and, if the…
Apple Seeks to Limit Power and Pay of Antitrust Monitor
As part of the remedy for Apple’s antitrust violations relating to the sale of e-books, Judge Cote in September required that Apple employ an antitrust monitor to evaluate its antitrust policies and compliance. On November 21, Judge Cote, apparently sua sponte, proposed amendments to her final judgment that would allow the monitor, Michael Bromwich, to interview Apple employees and to report to Judge Cote without the participation of Apple’s lawyers. In a filing Wednesday, Apple vigorously objected:
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