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Tag:
Antitrust
Parsippany-Troy Hills, NJ
Sports
NFL Streaming Backlash: Fans Fed Up Over Games Moving To Netflix
Netflix's expansion into the NFL is drawing backlash from critics who say fans are being asked to pay more to watch their teams. The NFL released the full schedule for the 2026 season on Thursday, May 14. Netflix will now air five games, including the league's first-ever game in Australia between the Los Angeles Rams and San Francisco 49ers on Thursday, Sept. 10. Netflix also has the rights to three highly anticipated matchups during the holidays. The streamer will show the NFL's first Thanksgiving Eve game when the Rams host the Green Bay Packers, as well as Christmas D…
White Plains, NY
Business
Netflix To Acquire Warner Bros. Discovery, HBO/HBO Max In $82.7B Mega-Deal: What It Means
Netflix has struck a deal to acquire Warner Bros.’ legendary film and TV studios along with HBO and HBO Max in a transaction valued at about $82.7 billion. The agreement, announced Frida morning, Dec. 5 by Netflix, still needs regulatory and shareholder approval before it can close, but if completed, it would mark the most dramatic transformation of Hollywood and the streaming landscape since Netflix’s own rise to dominance. Netflix will gain control of Warner Bros.’ major franchises and libraries and classic WB film and TV catalogs, dramatically expanding what it can offer worldwide.…
Simsbury, CT
Business
Supermarket Chain Sues Major Egg Producers Over Alleged Price Fixing
New York-based supermarket chain King Kullen is accusing the largest egg producers in the US of conspiring to artificially inflate the price of conventional shell eggs. A lawsuit, filed in the US District Court for the Southern District of Indiana, claims the alleged scheme has cost retailers and consumers hundreds of millions of dollars since January 2022. The complaint alleges that major egg producers, including Cal-Maine Foods, Rose Acre Farms, Hillandale Farms, and others, worked together to manipulate egg prices by controlling industry benchmarks and coordinating price increases.…
Arlington, VA
Business
Fans Overcharged Billions In Massive Ticketmaster Resale Scheme, FTC Says
Live Nation and Ticketmaster are facing a federal lawsuit after the ticketing giants were accused of secretly working with brokers to resell tickets at inflated prices, costing fans billions of dollars. The Federal Trade Commission announced the lawsuit against Ticketmaster and its parent company, Live Nation Entertainment, in a news release on Thursday, Sept. 18. The companies are accused of using illegal ticket resale tactics, misleading artists and customers. The complaint claims Ticketmaster allowed brokers to bypass security measures, buy tickets well above stated limits, and…
Alexandria, VA
Business
Google Gained 'Monopoly Power' With Online Ad Technology, Virginia Judge Rules
A federal judge ruled that Google illegally cornered the online advertising market by linking its tools together to block out competition, a major win in a broader antitrust crackdown on Big Tech. The ruling found Google liable for willfully using a series of "anticompetitive acts" to dominate how digital ads are placed across the internet. The decision was handed down in federal court in the Eastern District of Virginia on Thursday, April 17. In her decision, US District Judge Leonie Brinkema said Google's ad technology blocked out competitors and hurt consumers. "For over …
Harrisburg, PA
News
$49M Settlement Over Drug Price Manipulation Could Benefit Consumers: PA AG
If you purchased certain generic prescription drugs between 2010 and 2016, you might be eligible for a refund as part of a $49.1 million multistate settlement, Pennsylvania Attorney General Michelle Henry announced on Monday, Nov. 4. Pennsylvania joined 50 states and territories in a settlement with Heritage Pharmaceuticals and Apotex over alleged price manipulation and market control, impacting consumers by inflating prices and limiting competition. The companies will pay a combined $49.1 million and cooperate in ongoing multistate litigation, led by Connecticut, targeting 30 companies and …
White Plains, NY
News
JetBlue Cuts Certain Flights From Westchester County Airport, Report Says: Here's Which Ones
As part of an adjustment process to increase profits, JetBlue Airways will be cutting certain flights from Westchester County Airport, according to a report by CNBC. The airline announced that it would be cutting flights between Westchester Airport and Martha's Vineyard in an internal memo that also detailed similar adjustments regarding other airports, according to a CNBC report from Friday, Jan. 19. The cuts were made as part of the airline's effort to return to profitability following its failed plan to buy Spirit Airlines, which was blocked by a court decision on antitrust grounds…
Monsey, NY
Police & Fire
Chestnut Ridge Generic Drug Company Accused In Price-Fixing Scheme
A generic drug company based in Chestnut Ridge and a drug sales and marketing executive from Bardonia are among those charged in what authorities called “one of the most egregious and damaging price-fixing conspiracies in the history of the United States.” A complaint filed by the 44 states in U.S. District Court in Connecticut names 20 companies and 16 individuals accused of participating in the scheme. Par Pharmaceutical Companies, Inc., of Chestnut Ridge, and Ara Aprahamian, of Bardonia, the vice president of sales and marketing at Taro Pharmaceuticals U.S.A, Inc., in Hawthorn…
Parsippany-Troy Hills, NJ
Police & Fire
Three Parsippany-Based Generic Drug Companies Among 20 Accused In Price-Fixing Scheme
Three Parsippany-based generic drug manufacturers are among 20 companies accused of participating in what authorities called “one of the most egregious and damaging price-fixing conspiracies in the history of the United States.” A complaint filed by the 44 states in U.S. District Court in Connecticut also accuses 16 individuals of participating in the scheme. More than half of the drug companies and five of the individual defendants – all of whom are drug company executives responsible for sales, marketing, pricing and operations -- are from New Jersey. They include Actavis Hold…
Mahwah-Ramsey, NJ
Police & Fire
Mahwah Generic Drug Maker Among 20 Companies, 16 Individuals Accused In Price-Fixing Scheme
A Mahwah-based generic drug manufacturer was among 20 companies accused of participating in what authorities called “one of the most egregious and damaging price-fixing conspiracies in the history of the United States.” A complaint filed by the 44 states in U.S. District Court in Connecticut also accuses 16 individuals of participating in the scheme. More than half of the drug companies and five of the individual defendants – all of whom are drug company executives responsible for sales, marketing, pricing and operations -- are from New Jersey. They include Glenmark Pharmaceuticals I…