Topic: Federal Trade Commission

Antitrust progressives to keep close watch on Biden administration

Progressive antitrust advocates feel that the political momentum is on their side as power changes hands in Washington, DC, but they are stressing the importance of keeping the pressure on the Biden administration to be “trustbusters”.

16 December 2020

Freshfields and Wachtell steer AstraZeneca/Alexion

AstraZeneca has tapped Freshfields Bruckhaus Deringer to guide its $39 billion acquisition of Alexion Pharmaceuticals, which is being advised by Wachtell Lipton Rosen & Katz.

15 December 2020

FTC turns to rusty breakup tool in Facebook suit, experts say

The Federal Trade Commission’s lawsuit seeking to unwind past Facebook acquisitions utilises a policy tool that competition agencies have been too reluctant to use over the past few decades, some antitrust experts have argued.

14 December 2020

Ex-FTC officials anticipate more focus on acquisitions of nascent competitors

Former Federal Trade Commission officials have said they expect the US antitrust agencies to focus more on deals involving the acquisition of a nascent competitor, particularly in the technology sector.

11 December 2020

FTC and state AGs seek Facebook breakup in monopolisation suits

Facebook illegally maintained its monopoly power over personal social network services through anticompetitive mergers and exclusionary conduct, the Federal Trade Commission and a coalition of state enforcers said in separate lawsuits filed on Wednesday.

10 December 2020

Lawmakers and advocacy groups respond to Facebook lawsuits

As the antitrust community digests separate lawsuits filed against Facebook by the Federal Trade Commission and a coalition of state enforcers, GCR USA has compiled reactions from various members of Congress and advocacy groups.

10 December 2020

FTC loses bid to block Philadelphia hospital merger

The Federal Trade Commission and the Commonwealth of Pennsylvania failed to show that Jefferson Health’s acquisition of Albert Einstein Healthcare Network would likely violate US antitrust law, a Pennsylvania federal court has held.

09 December 2020

Rulings on FTC’s disgorgement authority is a “new threat” to the agency’s powers, official says

A recent undermining of the FTC’s ability to claw back ill-gotten gains in some conduct cases is “probably one of the most significant and serious illustrations” of an institutional challenge facing the agency, Gail Levine, the deputy director of its competition bureau, has said.

09 December 2020

FTC seeks injunction against P&G/Billie deal

The Federal Trade Commission has challenged Procter & Gamble’s acquisition of women’s razor startup Billie, alleging that the transaction would eliminate a nascent competitor in the US market.

09 December 2020

States, advocacy groups urge SCOTUS to protect FTC’s disgorgement authority

Eliminating the Federal Trade Commission’s ability to seek monetary relief will undermine its ability to deter anticompetitive conduct, multiple US states and advocacy groups have said.

08 December 2020

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