With solely sixteen days to arrange a major antitrust case for a hearing, the Firm was profitable in enjoining the transaction on the grounds that it will have violated Section 7 of the Clayton Act. Steel, the Firm continued to successfully represent Marathon (and later U.S. Steel) in a variety of issues.
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Finally, it’s perhaps applicable that Jones Day, with antitrust attorneys as its then current and subsequent Managing Partner, was energetic on the antitrust entrance. Jones Day was profitable in the only hostile takeover ever enjoined on antitrust grounds. A group of antitrust and litigation lawyers, led by another future Managing Partner, Pat McCartan, represented Marathon Oil, which was targeted by Mobil. Knowing that it was more likely to be a target, Jones Day assisted Marathon in preparing for a potential takeover bid upfront of the … Read More