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Past Event
24 June 2010


  • Richard M. Steuer
    Senior Counsel, Independent Contractor
    T +1 212 506 2530

Avoiding the Antitrust Traps in Securities Disclosures

On June 9, 2010, the Federal Trade Commission announced that it had entered into a consent order with U-Haul. The FTC charged U-Haul with anticompetitive conduct, including signaling its competitors through disclosures made during public conference calls and webcasts with investors and financial analysts. The FTC's new consent order continues a trend where plaintiffs and government enforcers have used disclosures made by public companies as evidence of an antitrust conspiracy.

Please join us for a 60-minute webinar addressing this trend and providing practical advice on how to avoid the antitrust traps in making disclosures. Some of the topics to be addressed include:

  • A brief overview of the principles involved in disclosures by public companies, including the history of investor/analyst periodic calls
  • How plaintiffs have used disclosures to make their case
  • Defenses to antitrust actions based on statements made in the context of securities disclosures
  • A review of hypothetical disclosures derived from real life examples
  • Tips on avoiding the antitrust traps

Jodi A. Simala
Richard M. Steuer

Related Materials
Presentation Slides (PDF)
Article: Avoid the Traps in Investor and Analyst Calls (PDF)

Of Related Interest

Legal Update
US Federal Trade Commission Brings Invitation-to-Collude Case Against U-Haul


Learn more about Mayer Brown's Antitrust & Competition and Corporate & Securities groups.

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