Rob Tricchinelli

1 week ago | news.bloombergtax.com | Rob Tricchinelli

The NCAA and its power conferences got final approval Friday of a nearly $2.8 billion antitrust deal allowing colleges to pay student-athletes directly for the first time, a milestone in yearslong litigation also designed to quell future suits over name, image, and likeness. Judge Claudia Wilken of the US District Court for the Northern District of California said the deal as a whole was adequate and that pro-competitiveness justifications outweighed any downsides.

1 week ago | news.bloombergtax.com | Angélica Serrano-Román |Maria Chutchian |Rob Tricchinelli

A long shot provision in President Donald Trump’s budget bill raises questions about whether proposed court limits would apply to enforcing contempt citations in bankruptcy cases. The measure, part of the president’s “big beautiful bill,” would bar federal courts from holding a party in contempt for failing to comply with an injunction or temporary restraining order unless the party seeking the order provides a security bond.

1 week ago | news.bloombergtax.com | Rob Tricchinelli

Michael Jordan’s racing team lost its bid to compete in the 2025 NASCAR season under a coveted charter designation, after the Fourth Circuit reversed a injunction granted by a district court judge last year. The appeals court said the injunction unfairly forced NASCAR into a deal with Jordan’s team, 23XI, and another team, Front Row Motorsports Inc., that provided both of them with favorable terms but excluded a litigation release clause that is standard for such agreements.

1 week ago | news.bloombergtax.com | Rob Tricchinelli

US district courts are rigidly enforcing a four-year statute of limitations in private antitrust cases, a cautionary tale for plaintiffs seeking to justify later lawsuits with exceptions to the rule. The latest example came last month when a California federal judge dismissed a nearly $6 billion case against Alphabet Inc.'s Google, saying plaintiff Rumble Inc.'s complaint was time-barred and finding no reason to pause the Sherman Act’s four-year window for bringing cases.

2 weeks ago | news.bloombergtax.com | Rob Tricchinelli

The Department of Justice on Monday sued to block Keysight Technologies Inc.'s $1.5 billion acquisition of Spirent Communications PLC but also offered the potential for a settlement if Keystone were to divest three business units to resolve antitrust concerns. Keysight and Spirent are the dominant providers of high-speed ethernet testing equipment, network security testing equipment, and radio frequency channel emulators in US.