Partner Charles (Rick) Rule noted for antitrust representation of MGM Mirage Inc. in its acquisition of Mandalay Resort Group Inc., <i>The Daily Deal</i>,

Partner Charles (Rick) Rule noted for antitrust representation of MGM Mirage Inc. in its acquisition of Mandalay Resort Group Inc., The Daily Deal, "MGM Girds for Battle with FTC"

According to the June 17th Daily Deal, in an article entitled "MGM Girds for Battle with FTC," "MGM Mirage Inc. put the Federal Trade Commission on notice Wednesday, June 16, that it plans an all-out fight to secure antitrust clearance for its $7.9 billion acquisition of Mandalay Resort Group Inc....[T]he company clearly expects a vigorous antitrust review....A nine-month antitrust investigation is typical for deals that raise competition concerns....MGM will argue to the FTC that it vies globally with nongaming outlets for customers. Competition occurs well beyond just a few miles of the Vegas strip....This distinction is important because the deal would likely run afoul of the antitrust laws if the market is defined narrowly but pass muster if the agency considers a broader entertainment market that could include everything from resorts to Walt Disney World. MGM Mirage said it has retained Charles "Rick" Rule, a partner at Fried, Frank, Harris, Shriver & Jacobson LLP in Washington and a former assistant attorney general for antitrust, to argue its case before the FTC."

news-detail.inc