Bilal Sayyed 

Counsel – Washington
T.+1 202 862 2417
bilal.sayyed@cwt.com
1919 Pennsylvania Avenue N.W.
Washington, D.C. 20006 V-CARD

Bilal Sayyed represents clients before the Federal Trade Commission (FTC) and Department of Justice (DOJ) in significant merger, civil and criminal antitrust matters. A significant portion of his practice involves representing investment funds on antitrust and Hart-Scott-Rodino (HSR) Act compliance matters; he has also provided expert witness services related to HSR compliance. Bilal also counsels clients before the FTC in consumer protection and privacy investigations. He maintains an active amicus and appellate brief writing practice in antitrust litigation and antitrust merger matters.

Prior to joining Cadwalader, Bilal was the Director of the FTC’s Office of Policy Planning (OPP) (2018-2021). In that role, he provided legal and policy advice to the Chairman and Commissioners on antitrust and consumer protection matters and worked closely with the senior and career leadership of the FTC’s Bureaus of Competition, Consumer Protection, and Economics. Under his leadership, OPP initiated and led the Commission’s Hearings on Competition and Consumer Protection in the 21st Century, and, as a follow-up, initiated and led the Commission’s post-hearing policy and enforcement projects, including the drafting and release of the first joint Department of Justice and Federal Trade Commission Vertical Merger Guidelines and the drafting of the Federal Trade Commission’s Commentary on Vertical Merger Enforcement.  He also initiated and led a first-of-its-kind inquiry into the acquisition activity of Alphabet/Google, Amazon, Apple, Facebook/Meta and Microsoft, for purposes of considering revisions to FTC policy and enforcement efforts with respect to transactions not subject to the reporting and waiting period requirements of the HSR Act. Bilal previously served as an Attorney Advisor to FTC Chairman Timothy J. Muris from 2001 to 2004. In that role, Bilal advised the Chairman on matters involving a wide spectrum of industries, including chemical and mining, petroleum and natural gas, health care and pharmaceutical, defense and transportation, gaming, various consumer products and retail operations, and professional associations and standard-setting organizations.

Bilal has taught antitrust and competition law at the George Mason University School of Law since 2011. Prior to his government service, he was recognized by The Best Lawyers in America, ChambersLegal 500, and Super Lawyers.

Bilal received his B.A. from Case Western Reserve University, and a J.D. from George Mason University School of Law. He is admitted to practice in the District of Columbia and the State of New York, as well as before the U.S. District Courts for the District of Colorado and the District of Columbia, the U.S. Court of Appeals for the District of Columbia Circuit, the Fifth Circuit, the Ninth Circuit, and the U.S. Supreme Court.

Bilal is the host of Rethinking Antitrust, a podcast published by TechFreedom that examines the economics, institutions, law, legislation, and policy goals of antitrust enforcement.

 

Representative matters, by industry, include advising:

Technology

  • Bain Capital in its acquisition of BMC Software
  • CEB in its acquisition of Evanta Ventures
  • Embarcadero Technologies in its proposed acquisition of CA Technologies
  • Infineon Technologies in its acquisition of International Rectifier
  • Intel Corporation in various antitrust counseling matters
  • Third Point in the investigation of its investment in Yahoo!
  • Verizon Communications in its acquisition of MCI
  • Zebra Technologies in its acquisition of Motorola Solutions' Enterprise business

Health Care

  • Apollo Management in its acquisitions of SMT Health Services and Alliance Imaging
  • Community Health Systems in its acquisition of Health Management Associates
  • Jean Coutu in its sale of the Brooks/Eckerd pharmacy chain to Rite-Aid
  • Spectrum Pharmaceuticals in its acquisition of Allos Therapeutics

Energy

  • BP in its sale of assets to Marathon Petroleum
  • Constellation Energy in its merger with Exelon
  • Exelon Corporation in its acquisition of Pepco Holdings, Inc.
  • Dynegy Corporation in the sale of its midstream NGL Business to Targa Resources
  • ExxonMobil in the FTC’s investigation of U.S. gasoline pricing after Hurricane Katrina
  • ExxonMobil in the FTC’s investigation of gasoline pricing in the Pacific Northwest
  • ExxonMobil in its sale of certain terminals to Irving Oil
  • Hess Corporation in the sale of its retail gasoline and convenience store business to Speedway LLC, and, separately, its sale of its energy marketing business to Direct Energy
  • Murray Energy Corporation in its acquisition of coal mines of CONSOL Energy Inc.
  • Murray Energy Corporation in its acquisition of coal mines of a controlling interest in Foresight Energy
  • NRG Energy in its merger with GenOn Energy
  • Piedmont Natural Gas in its merger with Duke Energy
  • ValueAct Capital in the investigation of its contemporaneous investments in Baker-Hughes and Halliburton

Transportation

  • P. Moller/Maersk in its acquisition of Sea-Land Transportation from CSX
  • Delta Airlines in various antitrust counseling matters
  • Northwest Airlines in its merger with Delta

Manufacturing & Chemicals

  • Elsag Bailey Process Automation in the sale of its process automation business to ABB
  • EMS Technologies in the sale of the company to Honeywell, International
  • Guardian Industries in the FTC review of the sale of its fiberglass and insulation businesses to Knauf Insulation
  • INEOS Styrolution in the worldwide merger clearance for its acquisition of Chevron Phillips Chemical Company
  • Rea Magnet Wire in its acquisition of Phelps Dodge’s North American magnet wire business
  • Tronox Limited in its acquisition of the Alkali Chemicals business of FMC Corporation

Retail and Service Products

  • Advance Auto Parts in its acquisition of CarQuest
  • Biglari Holdings in the investigation of its investment in Cracker Barrel
  • Fortune Brands Home and Security in its acquisition of Norcraft Companies, Inc.
  • MidOcean Partners in the DOJ review of its sale of Bushnell Group Holdings, Inc. to Alliant Techsystems, Inc.

Investment Firms

  • Elliot Management, HBK Capital Management, Hitchwood Capital Management, Hudson Executive Capital, Jana Partners, Pershing Square Capital Management, Sachem Head Capital Management, Soroban Capital Partners, Third Point, Trian Fund Management and ValueAct Capital for Hart-Scott-Rodino Act counseling, worldwide merger notification counseling and general antitrust counseling

 

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Bilal Sayyed 

Admissions

  • U.S. Supreme Court
  • U.S. Court of Appeals, 5th Circuit
  • U.S. Court of Appeals, 9th Circuit
  • U.S. Court of Appeals, District of Columbia Circuit
  • U.S. District Court, District of Colorado
  • U.S. District Court, District of Columbia
  • District of Columbia
  • New York

Education

  • Case Western Reserve University
    B.A.
  • George Mason University
    J.D.