The US Federal Trade Commission (FTC) is pushing back against the Justice Department’s request to be heard on any potential sanctions against Qualcomm in a pending anti-monopoly case in San Jose federal court. In a two-page filing on Thursday, May 9,, the FTC called the Justice Department’s efforts last week to intervene in the case […]
Otto Bock HealthCare North America, the maker of microprocessor prosthetic knees, must undo its 2017 merger with a former competitor, Freedom Innovations, an administrative law judge ruled May 7. The Federal Trade Commission’s Chief Administrative Law Judge Michael Chappell found that the completed deal between the two top sellers of prosthetic knees will likely lead […]
Two US senators on Monday, May 6, criticized reported plans for a Federal Trade Commission (FTC) settlement with Facebook Inc for misuse of consumers’ personal data, saying that top officials, potentially including founder Mark Zuckerberg, must be held personally responsible, reported Reuters. In a letter to the FTC, Senators Richard Blumenthal, a Democrat, and Josh […]
Facebook is in discussions with the Federal Trade Commission over a settlement that would include appointing privacy-focused executives in the C-suite. Politico, citing sources close to the discussions, reported the appointment of privacy executives would be in addition to the social media giant paying a multibillion-dollar fine that could be in the $3 billion to […]
Just days after Roche CEO Severin Schwan said the $4.8 billion buyout of Spark Therapeutics will close by June despite a recent delay, the company has been forced to push its tender offer off even further. A Federal Trade Commission review is taking longer than expected, Roche said. To allow the US antitrust agency more […]
The Federal Trade Commission (FTC) filed an antitrust lawsuit against the health information network Surescripts on Wednesday, April 24, accusing them of using illegal means to maintain monopolies over two portions of the electronic prescribing market, reported Reuters. Surescripts said in a statement that it was “disappointed” by the lawsuit and had been cooperating with […]
April 2019 FTC Hearings #11: The FTC’s Role in a Changing World By Nathan Chubb (Baker Botts)1 Click here for a PDF version of the article The FTC conducted its 11th hearing in its Hearings initiative on Competition and Consumer Protection in the 21st Century with a two-day hearing at the FTC headquarters […]
Tronox has reached a settlement with US antitrust enforcers that will allow it to move forward with its purchase of much of Cristal’s titanium dioxide business, the Federal Trade Commission announced on Wednesday, April 10. The company valued the deal at US$1.673 billion when it was announced in February 2017. Under the terms of the […]
Senators Marsha Blackburn (Republican – Tennessee) and Amy Klobuchar (Democrat – Minnesota) sent a letter on Monday, April 8, to the Federal Trade Commission (FTC) requesting it take action on Facebook and Google’s potential anticompetitive behavior and violations of American privacy, reported the Hill. In a statement, Blackburn said she hoped the “bipartisan effort” would […]
Altria Group gets a request for additional information from the US Federal Trade Commission (FTC) regarding its investment in JUUL Labs that closed in December 2018, reported Reuters. Altria, which bought a 35% stake in Juul for US$12.8 billion in December, is now looking to convert its non-voting stake in the company to voting shares […]