Toyota Industries Acquires Cascade
Toyota Industries Corporation acquired Cascade Corporation after the Department of Justice (DOJ) decided not to challenge the transaction. The DOJ decision followed an extensive investigation that included the use of simulation models to address possible vertical competitive issues. EI economists Barry C. Harris, Matthew B. Wright, Michael B. Baumann and Su Sun worked with attorneys from White & Case and K&L Gates on the antitrust defense of the acquisition.
Merger in Solid Waste Industry
Advanced Disposal merged with Veolia ES Solid Waste Inc. after agreeing on a limited divestiture with the Department of Justice. The merger involved a number of local markets in solid waste collection and disposal. EI economists Henry B. McFarland and David D. Smith, worked with attorneys from Crowell & Moring and Winston & Strawn on the antitrust defense of the acquisition.
Value of Lost Services
EI economist Gloria J. Hurdle testified in Federal District Court concerning damages in Beatrice Girdler, et al. v. United States of America on behalf of the defendant. Dr. Hurdle estimated the value of household services lost due to a fall on government property. The Court concluded that the plaintiffs had failed to sustain their burden of proof and judgment was entered for the defendant.
China Institute of International Antitrust and Investment’s Symposium
EI economist Su Sun gave a presentation on market definition issues at the China Institute of International Antitrust and Investment’s First Annual Symposium – “The First Five Years of AML: Present and Perspective.” The conference in Beijing was attended by top officials from all three Chinese agencies responsible for enforcing China’s Antimonopoly Law: the Ministry of Commerce, the National Development and Reform Commission, and the State Administration of Industry and Commerce.