Dewey & LeBoeuf

Steven Levitsky

Counsel

Mr. Levitsky has more than 25 years of experience in domestic and international antitrust counseling. This includes joint ventures, mergers, transition counseling, and competitive market conduct issues, as well as insurance Form A and Form E filings.

Recent transactions for which he provided both domestic and international antitrust counseling include MetLife's $11.8 billion acquisition of Travelers from Citigroup; The St. Paul's $16 billion merger with Travelers Property Casualty; AEGON's $5.4 billion sale of Transamerica Financial Services to General Electric; and National Grid's $8.9 billion acquisition of Niagara Mohawk.

He has counseled U.S. and international companies on acquisitions and joint ventures. His work includes preliminary analyses of the competitive issues; coordinating the filings required by U.S. and foreign competition laws; when appropriate, negotiating with the U.S. Department of Justice, the Federal Trade Commission, various state antitrust agencies, and state insurance departments to clear the transaction. He has frequently worked with economic consultants to develop evidence that convincingly demonstrated to the antitrust agencies that the acquisition would not reduce competition.

Representative Matters

Antitrust Counseling Clients: MetLife, Scottish Re, Zurich Financial, The St. Paul Companies, AEGON, Transamerica Financial, Allstate, Allianz AG, Lloyd's, the International Underwriting Association of London, Prudential, Canada Life, Swiss Re, Liberty Mutual, US Air, British Petroleum, Alcoa, Rogge Marine GmbH, MidAmerican Energy, National Grid, Niagara Mohawk, Duke Energy, Dominion Resources, Texas Utilities, Florida Power, Conoco, Yukos, Gateway 2000, and a very significant U.S. soft-drink manufacturer.
Recent Antitrust Agency Achievements: In one recent transaction before the Department of Justice, he was able to obtain clearance for an acquisition in which the two parties had 100% of the market by showing convincingly that there were no barriers to entry. In another recent transaction before the FTC, he headed a team of 6 economists and over 15 fact witnesses to clear a transaction in only 17 days (when the FTC's initial reaction was that the clearance would have taken months to get, if at all).
Antitrust Counseling Industries: Insurance, financial services, title insurance, oil, gas, pipeline, coal, electric generation, electric transmission, manufacturing, motion pictures, fine papers, commercial papers, Mylar balloons, funeral planning services, skis, railroads, technology, music, Internet search engines, soft drinks, and automotive.
Advertising Law: Successfully represented Alpo, Hoover, Mars, Uncle Ben's, and Wilkinson Sword in litigation involving false claims in television commercials.
Appeals: Worked on more than 90 appeals, prosecuted in the United States Supreme Court, most Federal Circuit Courts, and also in the supreme courts of several states. Milton Gould and Steven Levitsky won a major, nationally cited victory for minority shareholders when they persuaded the New York Court of Appeals to rule that management cannot impose a minority-share discount in appraisal and buyout proceedings.