A recent high-profile cartel case was more successful for the Department of Justice. In November 2020, the Justice Department sued Visa to block the $5.3 billion acquisition of financial technology company Plaid, a startup specializing in online payment processing. If a revised lawsuit is accepted, it will take years for the government`s case against Facebook to go to federal court, and any appeal could take even longer. This isn`t the only major antitrust lawsuit in the headlines: Google`s parent company, Alphabet, is facing its own FTC lawsuit. With the appointment of Lina Khan to the FTC by President Joe Biden — someone who has been called a „cartel crusader“ — it wouldn`t be surprising if these cases and those of other big tech companies were vigorously pursued by the government. When antitrust laws are effectively enforced, there are many benefits for consumers, according to the FTC. Antitrust laws are the pillars that support capitalism in the United States. The first antitrust law, the Sherman Antitrust Act, was passed in 1890. Today, the Sherman Act, the Federal Trade Commission Act and the Clayton Act work together to ensure fair competition across the economy. Here`s how antitrust responsibilities are divided between these three laws: major U.S. law firms, including King & Spalding; Wilmer Cutler Pickering Hale and Dorr; Covington and Burling; Paul, Weiss, Rifkind, Wharton & Garrison; and Jenner & Block helped prepare executives from Apple, Amazon, Google and Facebook for an antitrust hearing in the U.S. House of Representatives.
Facebook had previously called for the lawsuits to be dismissed, saying they were simply part of the company`s „relentless criticism“ „for issues unrelated to antitrust concerns.“ ABOUT QUINN EMANUEL: Quinn Emanuel is a business litigation firm of more than 800 lawyers – the world`s largest dedicated exclusively to business litigation and arbitration, with 23 offices worldwide. Lawyers in law firms heard more than 2,300 cases and won 88%. By representing the accused, quinn Emanuel`s trial experience receives better comparisons or verdicts from the defense. By representing the plaintiffs, Quinn Emanuel`s lawyers have earned more than $70 billion in judgments and settlements. Quinn Emanuel also received five 9-digit jury verdicts, forty-three 9-digit comparisons and nineteen 10-digit comparisons. The CEOs of Amazon, Apple, Facebook and Google will appear before a U.S. House of Representatives panel on Wednesday for a hearing that will mark the culmination of a 13-month congressional investigation into antitrust issues in the tech sector. These include the law firm Davis Polk and its New York-based partner James Rouhandeh, who was named „Litigator of the Year“ by American Lawyer Magazine in 2018. Sources said Zuckerberg should also bring in Mark Hansen, a Harvard-trained lawyer who successfully defended Verizon against antitrust allegations of small phone networks in a 2004 case that went to the U.S. Supreme Court.
Facebook is racking up big legal weapons in an impending battle with the U.S. government over cartel allegations — but federal agencies are working on a tight budget. The German government is well on its way to strengthening antitrust enforcement in the digital age. A series of lawsuits against the biggest tech players, including Facebook, Amazon, Google and Apple, are beginning to find a way to curb the vastness and power of Big Tech. In 2019, Tucker represented Ellis Facebook in four lawsuits; Three of the four lawsuits were trademark law and the last for fraud. In addition, Facebook was the plaintiff in all of these lawsuits filed in the Northern District of California. While Tucker Ellis plays a leading role in Facebook`s litigation in 2019, the law firm has yet to represent Facebook in 2020, according to the data. This could be an effect of the COVID-19 pandemic. In December 2020, the Federal Trade Commission (FTC) and 46 states sued Facebook, accusing the company of buying competitors — mostly WhatsApp and Instagram — to liquidate competition in the social media industry. The FTC`s antitrust lawsuit was aimed at forcing Facebook to cancel these two major acquisitions. Firms represent a variety of business areas, with a few well-known full-service law firms accompanied by more specialized law firms, often focused on intellectual property.
Predictably, lawsuits range from intellectual property, contracts, personal injury, civil rights, antitrust, and other legal actions. The types of lawsuits range from traditional commercial litigation to emerging privacy and antitrust litigation. The law firm Fitzsimmons Wheeling is part of a group of lawyers representing HD Media in an antitrust lawsuit against Google and Facebook, accusing both companies of monopolizing the digital advertising market. Facebook has made headlines often in recent years, from allegations that the platform isn`t doing enough to protect its users, to allegations of biometric violations, to CEO Mark Zuckerberg`s recent statement to Congress about the tech giant`s allegedly anti-competitive behavior. .