Author Archives: Liz Crampton

A pedestrian carrying an umbrella passes a U.S. flag on Wall Street in front of the exterior of the New York Stock Exchange (NYSE) in New York, U.S. Photographer: Scott Eells/Bloomberg

Big Deals Slow as Uncertainty Persists in Trump Era

Big Deals Slow as Uncertainty Persists in Trump Era

By Liz Crampton, Bloomberg BNA  Mega-deal activity in the U.S. has slowed as doubt continues about President Donald Trump’s administration’s direction, according to M&A and antitrust attorneys. A lack of permanent antitrust leadership has created uncertainty on Wall Street about dealmaking. That unease could mount as there’s no clear timetable for when the Senate will

Buildings stand near the confluence of the Yangtze River, left, and the Jialing River, right, in Chongqing, the fastest-growing city in China. Photographer: Qilai Shen/Bloomberg

Justice Dept. to Work With China on Antitrust

By Liz Crampton, Bloomberg BNA The Justice Department’s antitrust division plans to continue working with China’s antitrust authorities to strengthen its competition agenda, a top DOJ official said Aug. 30 in Shanghai. The speech from Deputy Assistant Attorney General Roger Alford marks the first international antitrust comments from this administration. Alford noted that Makan Delrahim,

Photo by Zach Gibson/ Bloomberg

Top Democrats Unveil Ambitious Antitrust Agenda

By Liz Crampton, Bloomberg BNA Congressional Democrats July 24 unveiled an ambitious antitrust agenda that takes aim at big corporations and signals what tack the party would take should Democrats capture either the House or the Senate in the midterm elections. Companies proposing blockbuster mergers would need to establish the benefits of the deal in

Photographer: Andrew Harrer/Bloomberg

DOJ Seeks ‘Compliance Whisperer’ With Experience

By Liz Crampton, Bloomberg BNA The Justice Department’s fraud section is looking for a replacement compliance counsel as the current employee’s contract is set to expire later this year. Hui Chen, the current compliance counsel, was the first person to assume the position when she was hired two years ago to bring a private sector

Photographer: Andrew Harrer/Bloomberg

Without DOJ Backing, States Pursue AmEx Antitrust Appeal

Eleven states are doing what the Justice Department declined to do — asking the U.S. Supreme Court to review an appeals court win for American Express Co. that allows it to continue telling merchants not to steer customers to cheaper credit cards. But the DOJ’s decision not to appeal its antitrust loss, its first in

Photographer: Daniel Acker/Bloomberg

Flat Funding for Justice Dept. Antitrust Division in Budget Proposal

The White House proposed a $1.1 billion cut in funding for the Justice Department in President Donald Trump’s fiscal 2018 budget, but the antitrust division won’t see any of those reductions. The first major budget proposal of the Trump administration, released today, requests $27.7 billion for the Justice Department, a 3.8 percent decrease from the department’s current funding level. The White

Photographer: Michael Nagle/Bloomberg

Justice Antitrust Pick Pledges Anthem Recusal Ahead of Hearing

By Liz Crampton, Bloomberg BNA President Trump’s pick to lead the Justice Department’s antitrust division has promised to step aside from issues involving his past work as a lobbyist, which could help with expected questions from lawmakers in his Senate confirmation hearing set for April 26. Sen. Amy Klobuchar (Minn.), ranking Democrat on the Judiciary