Monopoly

Here are three true statements:

(1) Monopolies are generally illegal.
(2) Like baseball, patents make monopoly laws get a little funky.
(3) Courts really really really like to encourage settlements.

So, when two companies get together, and work out a settlement that makes a whole patent infringement lawsuit go away, and the only objection is that pesky Federal Trade Commission complaining that the settlement is anticompetitive, you can understand why a federal court could meditate on points (2) and (3) and dismiss that FTC complaint.

Yet, in FTC v. Actavis, the Supreme Court yesterday made it harder to settle some patent infringement suits, saying that sometimes a settlement of a lawsuit can be an antitrust problem.

How?

double red triangle arrows Continue reading “When Buying Off A Litigant Is Also Buying Off A Competitor”

If Congress wants lessons on how things work from Jamie Dimon, they should have to pay him a speaker fee or something.

* Another year, another survey that shows prospective law students care more about the U.S. News Law School Rankings than anything else when applying to law school. In fact, it’s the exact same number from 2010. Kids are dumb. [Kaplan]

* Everybody is worried about what will happen when computers replace attorneys. I’m much more interested in what will happen when computers replace hookers. [The Atlantic]

* If watching our Congress ask idiot questions of Jamie Dimon doesn’t make you feel like we need vastly more intelligent Congresspeople, maybe watching them fawn over Jamie Dimon will do the trick. [Dealbreaker]

* I really hadn’t thought of this — in addition to your huge educational debts, your parents are most likely out there spending your inheritance. I swear, if I ever spend money on more education, it’s going to be on a post-apocalyptic survivalist class. [Law and More]

* Former TSA lady gropes current TSA lady after inappropriate groping from TSA. [Threat Level / Wired]

* In real life, unlike Monopoly, a bank error is never really in your favor. [Legal Blog Watch]

* Do the Republicans have an abortion problem? [New Yorker]

* Happy Birthday, Lat! Check out the very cool gift (affiliate link) that he received in the mail today — signed by one of the authors. [Twitpic via Twitter]