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antitrust

Propelling forward
May 28, 2025

Antitrust lawsuit against General Dynamics, HII revived in appeals court

Two former naval engineers who claimed that General Dynamics, Huntington Ingalls Industries and more than a dozen other government contractors and shipbuilders illegally agreed to not poach each other's employees will receive a rehearing, a federal appeals court panel ruled this month.

Mars announced plans to purchase Kellanova, whose products include Pringles, Eggo and Pop-Tarts, for $35.9 billion on Aug. 14, 2024. Image courtesy Kellanova
May 20, 2025

EU regulators to decide on Mars-Kellanova merger in June

Antitrust regulators with the European Union have set a June 25 deadline to decide whether to approve McLean-based candymaker and pet care giant Mars' $35.9 billion acquisition of snack producer Kellanova, announced last August. 

Capital One $35B purchase of Discover Financial gets regulatory approvals
May 16, 2025

UPDATE: $35B Capital One-Discover merger closes

McLean-based Capital One Financial is scheduled to close on its $35.3 billion acquisition of Discover Financial Services on Sunday, finalizing the merger of the credit card giants announced last year.

FILE - A man walks past Google's offices in London's Kings Cross area, on Aug. 10, 2024. (AP Photo/Brian Melley, File)
Apr 21, 2025

Google faces off with US government in attempt to break up company in search monopoly case

Google confronts an existential threat Monday as the U.S. government tries to break up the company as punishment for turning its revolutionary search engine into a ruthless monopoly. The drama will unfold in a Washington courtroom during the next three weeks during hearings that will determine how the company should be penalized for operating an […]

Directory of business schools in Virginia
Dec 19, 2024

Capital One, Discover clear hurdles for $35.3B megadeal

Announced in February, McLean-based Capital One Financial’s proposed $35.3 billion acquisition of Discover Financial Services is moving forward, with stockholders’ votes scheduled early next year, the credit card giants announced this week. Capital One also announced Thursday it received approval from the Office of the Delaware State Bank Commissioner on Wednesday to complete the purch[...]

Indivior logo
Aug 21, 2023

Chesterfield pharma company to pay $30M in Suboxone settlement

Chesterfield County-based pharmaceutical manufacturer Indivior Inc. has reached a $30 million settlement agreement in a federal class-action antitrust lawsuit brought by a group of health plans over the manufacturer’s opioid addiction treatment drug, Suboxone. The global parent company, Indivior PLC, announced the settlement Monday, and the plaintiffs filed a memorandum in support of the set[...]

FTC fines Capital One CEO for failing to file stock transaction
Sep 2, 2021

FTC fines Capital One CEO for failing to file stock transaction

The Federal Trade Commission fined McLean-based Capital One Financial Corp. CEO Richard Fairbank a $637,950 civil penalty for violating antitrust laws in finalizing stock acquisitions, the FTC announced Thursday. The settlement must be approved by the U.S. District Court for the District of Columbia. The FTC alleged that Fairbank violated the Hart-Scott-Rodino (HSR) Antitrust Improvements [&hellip[...]

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