Welcome to Compliance Hot Spots, our weekly snapshot on white-collar, regulatory and compliance news and trends. The Justice Department is going to court next week to challenge the proposed merger of two giants of book publishing, and they’ve got Stephen King on their side. We have a preview. Plus, a look at what’s driving sky-high lobbying revenues, and who’s representing high-profile defendants charged this week in an insider trading blitz. Please get in touch with tips and feedback. Contact me at [email protected] and @AGoudsward on Twitter.The E. Barrett Prettyman U.S. Courthouse, home of the U.S. Court of Appeals for the District of Columbia Circuit and the U.S. District Court for the District of Columbia, on Saturday, June 6, 2020. Photo: Diego M. Radzinschi/ALM
DOJ Takes Publishing Giants to Trial in Key Antitrust Test
The Justice Department’s antitrust division faces a major courtroom test beginning next week as it seeks to use a rarely used legal theory to block the merger of two top book publishers, Penguin Random House and Simon & Schuster.