Two Chinese nationals have been jailed for tricking Apple into replacing counterfeit iPhones with authentic ones. Haotian Sun and Pengfei Xue, both Chinese citizens living in Maryland, had been convicted last year in a scam in which they — along with the co-conspirators — submitted...
After listening to and scrolling through days of “expert” commentary about the lawsuit filed by the DOJ against Visa over debit interchange, I feel compelled to weigh in. Big headlines about big companies — especially concerning DOJ allegations of anticompetitive behaviors and lawsuits to signal...
Visa disclosed Thursday (Sept. 26) that it authorized the deposit of $1.5 billion into the litigation escrow account previously established under its U.S. retrospective responsibility plan. The company made this move Wednesday (Sept. 25), it said in a filing with the Securities and Exchange Commission (SEC). “Under the...
Following through on reports circulated Monday (Sept. 23), the U.S. Department of Justice filed an antitrust lawsuit against Visa, accusing it of stifling competition in the debit card market and suppressing alternatives. The Tuesday (Sept. 24) complaint alleged that Visa employed exclusionary contracts and anticompetitive...
March 21, 2024
Among the allegations contained in the U.S. government’s antitrust suit against Apple — as the tech giant is accused of acting as an anti-competitive monopoly in the smartphone market: Apple, said the Department of Justice (DOJ), has “inhibited the creation” of cross-platform, third-party digital wallets, as it has prevented third-party apps from offering tap-to-pay functionality, […]
April 22, 2022
The Federal Trade Commission (FTC) and the Department of Justice (DOJ) are working on new horizontal merger guidelines, which may be ready by the end of the year, that could...
April 20, 2022
Mergers and acquisitions in the tech space have become a critical issue for regulators worldwide. Agencies probably feel that they have underenforced the law in the past. In an interview,...
April 18, 2022
The Department of Justice (DOJ) announced changes to its leniency program on April 4 that may translate into a tougher stance on enforcement. However, Heather Nyong’o, partner at Cleary Gottlieb...
October 06, 2024
Two Chinese nationals have been jailed for tricking Apple into replacing counterfeit iPhones with authentic ones. Haotian Sun and Pengfei Xue, both Chinese citizens living in Maryland, had been convicted last year in a scam in which they — along with the co-conspirators — submitted fake iPhones to Apple for repair in hopes of getting […]
September 27, 2024
Visa disclosed Thursday (Sept. 26) that it authorized the deposit of $1.5 billion into the litigation escrow account previously established under its U.S. retrospective responsibility plan. The company made this...
September 23, 2024
The U.S. Justice Department reportedly plans to file an antitrust suit against Visa as early as Tuesday (Sept. 24). The agency plans to allege that the company illegally monopolized the...
September 08, 2024
American regulators are reportedly probing whether tech giants are abusing their AI marketplace position. Among these companies under probe is Nvidia, the Wall Street Journal (WSJ) reported Sunday (Sept. 8)....
