President Clinton last week nominated D.C. lawyer Ann Bingaman to head the antitrust division in the Justice Dept.
If confirmed, Bingaman would oversee Justice action on two issues of utmost importance to Hollywood: the battles over financial interest and syndication rules, and the war between Intl.
Creative Management and Creative Artists Agency over CAA’s new role as adviser to the French-owned bank Credit Lyonnais.
Hollywood is hoping JD will reverse its longstanding opposition to fin-syn rules.
In particular, Motion Picture Assn. of America prez Jack Valenti has asked Justice to back off on its call for a lifting of fin-syn-related antitrust consent decrees pending in a Los Angeles federal court.
Bingaman, if confirmed, would also oversee ICM’s request for a probe into whether CAA’s relationship with Credit Lyonnais violates federal antitrust laws.
Bingaman is married to Sen. Jeff Bingaman (D-N.M.).