The Senate Appropriations Committee has approved legislation that, in addition to funding the Federal Trade Commission next year, would increase the Hart-Scott-Rodino (HSR) Act premerger filing fees that help fund the agency. The legislation (S. 1573) also would block efforts to relocate the headquarters of the FTC from its current location at 600 Pennsylvania Avenue,…
The Attorneys General of California, Illinois, Massachusetts, New York, Ohio, Pennsylvania, and Washington have signed on to the U.S. Justice Department’s complaint challenging AT&T, Inc.’s proposed $39 billion acquisition of T-Mobile USA. An amended complaint, adding the seven states, was filed on September 16. On the same day, a proposed scheduling order was also filed in…
As we all know, human beings are imperfect. Even when they are told how to do something, they sometimes just don’t follow instructions. The consequences of not following instructions can run the gamut — from a cake that doesn’t rise when you decide to skip the yeast to a stint in jail when you decide to fix…
The Eight Circuit, in FTC v. Lundbeck, Inc., No. 10-3458/3459 (Aug. 19, 2011), upheld the district court’s finding that the FTC failed to show a relevant market, and thus was unable to challenge the acquisition of the drug NeoProfen. It already owned a drug called Indocin IV, which, along with NeoProfen, was used to treat…
The U.S. Department of Justice today moved to block AT&T Corporation’s proposed acquisition of T-Mobile USA Inc. According to the Justice Department, the proposed acquisition would combine two of the four largest providers of mobile wireless telecommunications services. These four national carriers—AT&T, Verizon, Sprint, and T-Mobile—control over 90 percent of the national cell phone market….
What really has the world come to when a merger to monopoly followed by a 1300% price increase survives Section 7 challenge? That, sadly, seems to be the final result in Federal Trade Commission v. Lundbeck, which the Eighth Circuit affirmed last Friday. There the maker of one drug to treat a heart defect in…
Last week, the federal district court in Detroit denied Blue Cross Blue Shield of Michigan’s motion to dismiss a federal/state antitrust action challenging the health insurer’s use of most favored nation (MFN) clauses in its provider agreements with various hospitals. The suit, filed in October 2010, alleges that the MFN clauses unreasonably restrained trade in…
Automated teller machine maker Nautilus Hyosung Holdings Inc. has been charged with obstruction of justice for submitting false documents to the government in its attempt to obtain U.S.antitrust approval of its proposed acquisition of a competing manufacturer of ATM systems in 2008. The altered documents allegedly misrepresented and minimized the competitive impact of Nautilus Hyosung…
As Assistant Attorney General Christine Varney is about to step down as head of the Department of Justice Antitrust Division, her successor has been named. Deputy Assistant Attorney General Sharis Arnold Pozen will become Acting Assistant Attorney General upon Varney’s departure, according to an August 4 Department of Justice announcement. “Sharis is a highly experienced…
Maureen K. Ohlhausen, a Washington, D.C. attorney and former Federal Trade Commission staffer, will likely be returning to the agency as a Commissioner. Yesterday evening, the White House announced President Barack Obama’s intention to nominate Ohlhausen to fill the position currently held by Commissioner William E. Kovacic. Kovacic’s term on the five-member Commission expires in…
