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News
March 16, 2015

In the News Today – March 16, 2015

The U.S. Department of Justice is seeking approximately $1 billion each from global banks on allegations of currency manipulation. This comes a year after the DoJ extracted $4.4 billion in settlements over foreign exchange allegations. (Reuters)

The Federal Trade Commission is amending procedures for trying anticompetitive mergers. Under the new rules, the FTC will “suspend in-house trial proceedings upon request by the merging entities” if the agency fails to first secure an injunction from a federal judge. (Wall Street Journal)

A New York federal judge approved a request to reinstate approximately 130 economic loss lawsuits against General Motors that had previously been dismissed as duplicative. (Law360)

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