January 16, 2018
For the fifth time, Law360 has recognized Latham & Watkins as Competition Group of the Year for 2017, highlighting the Antitrust & Competition Practice’s work on important wins for clients in multidistrict litigation and arbitration and guiding high-profile mergers through the regulatory process. Law360 highlighted Latham’s global, integrated approach in its annual awards program honoring “the law firms behind the litigation wins and major deals that resonated throughout the legal industry in the past year.”
In the profile story, Law360 noted Latham’s “win last year for Toshiba in arbitration before the International Chamber of Commerce in an antitrust suit filed by Samsung Electronics Co. Toshiba argued that the suit — which accused Toshiba, Panasonic Corp. and SanDisk Corp. of dominating the flash memory card industry through unfair and anti-competitive licensing deals — violated a 2009 patent cross-license agreement it had with Samsung.” Law360 also noted that Latham was handed a “big win” in a “long-running multidistrict litigation over allegations that [Toshiba] and several other companies conspired to fix prices for optical disk drives. While several companies settled, Toshiba remained in the case” and won.
In addition to cartel and litigation work, Law360 also recognized the group’s significant merger clearance capabilities, noting: “the Latham & Watkins team handled a succession of complex merger clearances last year” including for “Entercom Communications Corp.'s planned $1.6 billion purchase of CBS Corp.'s radio unit, as well as…Integra LifeSciences' $1 billion deal for Johnson & Johnson's Codman Neurosurgery business,” Broadcom’s $5.9 billion Brocade deal, and Microsoft’s $26.2 billion LinkedIn purchase.
Law360 added: “One of the larger deals was a $36 billion merger-of-equals between Canadian fertilizer companies Agrium Inc. and Potash Corp. of Saskatchewan Inc., a move inked in September 2016. Representing Agrium, the Latham & Watkins team had to guide the transaction through merger reviews in five jurisdictions.” The deal cleared in December.
Latham & Watkins delivers an integrated Antitrust & Competition Practice platform that serves clients’ needs both locally and globally, addressing all dimensions of antitrust risk.