Amy W Ray


Washington, D.C.

Amy Ray represents clients in high-profile U.S. and international antitrust matters, focusing on litigation, transactions, investigations, and counseling with a competition nexus.

Global Competition Review featured Amy as one of its “40 Under 40 – Class of 2016” antitrust lawyers in its global survey. She also is a Fellow of the Litigation Counsel of America. The Legal 500 US 2020 rankings recently recognized her both for merger control and cartel investigations, including this client testimonial: “Amy Ray stands out as someone who has worked hard to understand our business and routinely brings her considerable experience and expertise to bear on important issues for us, always with a client-service focus. A true partner.”

Amy recently has defended litigation clients in antitrust suits spanning the technology, municipal derivatives, credit default swaps, and precious metals industries. 

She has substantial counseling experience in strategic transactions as well as in providing advice on issues related to the Hart-Scott-Rodino Act. Amy regularly advises on substantive antitrust analyses of business combinations and antitrust compliance, including vertical pricing and distribution issues. 

Among her notable representations are transactional matters at the intersection of antitrust and technology, including her key role in Microsoft’s acquisitions of LinkedIn and Skype, as well as the clearance of numerous intellectual property acquisitions. 

Additionally, Amy represents third parties in ongoing technology-related competition investigations by the U.S. antitrust agencies and state attorneys general. She has served as antitrust counsel providing advice related to many related investigations, including advocacy on behalf of concerned industry participants. 

Her pro bono matters include a case for which the Washington Lawyers' Committee for Civil Rights and Urban Affairs recognized her case team for its contribution to fair housing litigation. She also served for several years on the prestigious U.S. National Women's Law Center Leadership Advisory Committee. 

Amy currently serves on the Law360 Competition Editorial Advisory Board and was an inaugural board member. She received her J.D. from Harvard Law School, where she was an Equal Justice Fellow, and a B.A. from the University of Virginia with Highest Distinction.

    • U.S. v. Microsoft and N.Y. v. Microsoft, implementing the consent decree resulting from the landmark antitrust suit brought by the U.S. Department of Justice and twenty state attorneys general alleging antitrust violations under Sections 1 and 2 of the Sherman Act.
    • Microsoft in dismissing federal antitrust and state law counts in Marshall’s Locksmith Service, Inc., v. Google. This decision based on a defense using Section 230 of the Communications Decency Act was affirmed by the United States Court of Appeals for the DC Circuit.
    • The Royal Bank of Scotland in In re Credit Default Swaps Antitrust Litigation, MDL No. 2476M, defending the bank against class allegations under Sections 1 and 2 of the Sherman Act.
    • Dexia, Assured Guaranty, Financial Security Assurance, Inc. and Financial Security Assurance Holdings, Ltd. in multidistrict class action litigation alleging antitrust violations in the municipal derivatives industry.
    • Sompo International in its agreement to purchase the operating subsidiaries of Lexon Surety Group LLC.
    • Microsoft’s $26.2 billion acquisition of LinkedIn, the largest deal in Microsoft’s history, which was awarded 2017 Merger Control Matter of the Year – Europe by Global Competition Review.
    • Microsoft's $2.5 billion acquisition of Mojang and its Minecraft franchise.
    • Microsoft's $8.5 billion acquisition of Skype, recognized as 2012 Merger Control Matter of the Year – Europe by Global Competition Review.
    • Microsoft's acquisition of Nokia's handset business.
    • Microsoft's acquisition of Havok 3D physics video game technologies from Intel.   
    • Microsoft's role in the acquisition of more than 6,000 patents from Nortel.
    • Microsoft's purchase from AOL of more than 800 patents and related patent applications as well as a non-exclusive license to AOL's retained patent portfolio for $1.1 billion, and in the subsequent assignment of a significant portion of those intellectual property assets to Facebook Inc. for $550 million.
    • Microsoft's acquisition of Yahoo!'s search business and subsequent partnership agreements with Yahoo!.
    • Customer relationship management (CRM) software provider ELEAD1ONE in its sale to fellow automotive commerce company CDK Global, Inc.