Spurned Bidder May Bring Antitrust Challenge
November 14, 2006
Source: The New York Law Journal. Reprinted with permission.
The U.S. Court of Appeals for the Eleventh Circuit ruled that a losing bidder for steel producing assets had standing to bring antitrust claims against the successful purchaser. The U.S. Court of Appeals for the Sixth Circuit decided that the former owner of a car dealership lacked standing to bring claims of an unlawful conspiracy to harm the dealership.