Joint Ventures: Avoiding Antitrust Liability After JV is Established

Lessons Learned from Twombly, Dagher, Copperweld and Starr

Recording of a 90-minute CLE webinar/teleconference with Q&A


Conducted on Wednesday, April 7, 2010
Recorded event now available


This CLE webinar will provide guidance for businesses engaged in joint ventures to avoid antitrust liability after the JV formation. The panel will discuss the implications of key recent court decisions and offer best practices for companies and counsel in operating and managing joint ventures.

Description

The companies involved in joint ventures (JV) must take special care in the operation and management of the JV so as to avoid violating antitrust law. The Second Circuit's recent decision in Starr v. Sony BMG Music adds to the guidance for companies and counsel involved in JVs.

Companies often look as a first line of antitrust guidance to whether their JV is protected by Dagher or Copperweld, so that the JV’s pricing and other conduct after formation is not easily subject to challenge. What if those doctrines do not apply?

How does the JV handle pricing and other issues, if the JV competes with one or more of the partners? How do the partners work together on governance of the JV, or in interacting with the JV, without creating antitrust issues?

Listen as our authoritative panel of antitrust attorneys examines how to apply Twombly and its progeny for a legitimate joint venture and explores the market attributes and JV practices that would increase or decrease the likelihood of government investigation or private challenge. The panel will outline best practices for operating and maintaining a JV without running afoul of antitrust laws.

Outline

  1. Court treatment and implications for operations/management of JVs
    1. Copperweld Corp. v. Independence Tube Corp. (1984)
    2. Texaco Inc. v. Dagher (U.S. 2006)
    3. Bell Atlantic v. Twombly (U.S. 2007)
    4. Starr v. Sony BMG Music Entertainment (2d Cir. 2010)
    5. Implications of the impending American Needle case
  2. What creates heightened risk of government investigation or private challenge?
    1. Nature of the markets
    2. Compliance programs
    3. Effects in the market
  3. Strategies/practical steps to minimize antitrust risk and avoid antitrust violations
    1. In communications between JVs and its partners
    2. In interactions between the partners
    3. In formal governance of and decision making for the JV

Benefits

The panel will review these and other key questions:

  • What guidance can be learned from court decisions since Twombly concerning joint venture activity?
  • What actions by competitors in joint ventures trigger FTC/DOJ scrutiny?
  • What steps can joint venture parties and counsel take in managing and operating joint ventures to ensure compliance with antitrust law?

Faculty

Mark J. Botti, Partner
Akin Gump Strauss Hauer & Feld, Washington, D.C.

He focuses on antitrust matters. He has extensive experience involving the antitrust review of mergers and acquisitions. He served as Department of Justice Litigation I Section Chief and litigated complex antitrust claims, bringing monopolization cases, horizontal conspiracy suits and merger challenges.

Joseph Miller, Assistant Chief of the Litigation I Section of the Antitrust Division
U.S. Department of Justice, Washington, D.C.

He oversees civil investigations in a range of industries, including insurance, health care, and consumer products. He speaks frequently on a variety of topics, including health care competition, certificate of need regulation and merger litigation. Prior to joining the Justice Department, he was in private practice, and served as a staff attorney at the Federal Trade Commission.

William L. Monts, Partner
Hogan & Hartson, Washington, D.C.

He focuses on antitrust and complex litigation matters in various aspects of the petroleum industry. He represents clients in major cases alleging price-fixing, market allocation, and unlawful price discrimination. He also counsels clients in a variety of industries concerning the application of federal and state antitrust laws.

Ordering

Online CLE - Audio Recording

Includes audio streaming of full program plus handouts (available 24 hours after live seminar).

CLE: Pre-approved for participatory or non-traditional/alternate format credit in: CA, HI*, NY*, WV*. Pre-approved for self-study credit in: AK, AZ, GA, MO, MT, TX, VT, WA.
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Online CLE Audio $149.00
Available 24 hours after the live event

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Recorded Event

Includes full event recording plus handouts (available after live seminar).

CLE: Pre-approved for self-study credit in: AK, AZ, CA, CT, GA, HI, MO, MT, NY, TX, VT, WA, WV. Upon request, self-study credit is also available in: CO, FL, ID, KY, ME, ND, NE, NH, NM, NV, OR, UT, WI, WY. If you are applying for self-study credit in one of these states, contact Strafford CLE at 1-800-926-7926 ext. 35 or CLE@straffordpub.com.

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Available three business days after the live event

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Available ten business days after the live event

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Available 24 hours after the live event

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Available ten business days after the live event

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Program Materials

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Program Materials

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Antitrust Law Advisory Board

Clifford H. Aronson

Partner

Skadden Arps Slate Meagher & Flom

Tyler A. Baker

Partner

Fenwick & West

Gregory J. Casas

Shareholder

Greenberg Traurig

David B. Goroff

Partner

Foley & Lardner

Christopher J. Kelly

Partner

Mayer Brown

James J. Long

Shareholder

Briggs and Morgan

Janet L. McDavid

Partner

Hogan Lovells

Kevin D. McDonald

Partner

Jones Day

Daniel F. McInnis

Partner

Akin Gump Strauss Hauer & Feld

Saul P. Morgenstern

Partner

Kaye Scholer

M. Sean Royall

Partner

Gibson Dunn & Crutcher

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