Displaying 621 - 640 of 4737
FTC Requires Prince and Ferro to Sell Off Three Facilities amid Concerns that Deal would Increase Concentration in North American Market for Porcelain Enamel Frit
Date
The Federal Trade Commission took action today to preserve competition by requiring Prince International Corp. and Ferro Corp. to divest three facilities used to make porcelain enamel frit, glass...
Clarence L. Werner, U.S. v.
Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino Act. The HSR Act requires companies and individuals to report stock purchases over a certain threshold to the FTC and DOJ and wait before closing the transaction so that the federal agencies can investigate the potential competitive impact of the acquisition. Smaller transactions may also be reportable under the Act due to the need to aggregate the new purchase with all current holdings.
Type of Action
Federal
Last Updated
FTC Matter/File Number
211 0004
Case Status
Pending
Federal Trade Commission Preserves Competition for Development and Marketing of Steroid Injectable Drug
Date
The Federal Trade Commission today required – as a condition of Hikma Pharmaceuticals PLC’s $375 million acquisition of Custopharm, Inc. – that Custopharm’s parent company retain and transfer...
Statement Regarding Texas Jury’s Verdict that Former Owner Neeraj Jindal Obstructed FTC’s Antitrust Investigation into Physical Therapy Staffing Company
Date
Today, a Texas federal jury found the former owner of a physical therapist staffing company guilty of obstructing a Federal Trade Commission investigation into the company’s alleged anticompetitive...
Federal Trade Commission Extends Public Comment Period for Request for Information on Impact of Pharmacy Benefit Managers
Date
The Federal Trade Commission is extending the public comment period, until May 25, 2022, on a request for information that covers a wide range of issues in the PBM market – including contract terms...
FTC Approves Final Order Prohibiting Louisiana Real Estate Appraisers Board from Fixing Prices for Appraisal Services in Louisiana
Date
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the Louisiana Real Estate Appraisers Board violated Section 5 of the Federal Trade...
Louisiana Real Estate Appraisers Board, In the Matter of
The Federal Trade Commission filed an administrative complaint against the Louisiana Real Estate Appraisers Board, alleging that the group is unreasonably restraining price competition for appraisal services in Louisiana, contrary to federal antitrust law. The complaint alleged that the appraisal board’s regulations exceeded the scope of the mandate outlined in the Dodd-Frank Act that required appraisal management companies to pay “a rate that is customary and reasonable for appraisal services performed in the market area of the property being appraised.” Specifically, the board required appraisal fees to equal or exceed the median fees identified in survey reports commissioned and published by the board. The board then investigated and sanctioned companies that paid fees below the specified levels.
Shortly before the administrative trial was set to begin, the FTC and the board reached a proposed settlement agreement.
On April 5, 2022, the Commission announced the final consent agreement in this matter.
Type of Action
Administrative
Last Updated
FTC Matter/File Number
161 0068
Docket Number
9374
Case Status
Pending
Federal Register Notice
EnCap/EP Energy; Analysis of Agreement Containing Consent Orders To Aid Public Comment
Date
FTC Requires ENCAP to Sell Off EP Energy Corp.'s Entire Utah Oil Business amid Concerns that Deal would Increase Pain at the Pump
Date
The Federal Trade Commission will require the divestiture of energy producer EP Energy Corp.’s entire business and assets in Utah. The divestiture will resolve the agency’s allegations that EnCap...
Statement of Federal Trade Commission Bureau of Competition Deputy Director John M. Newman on Federal Appeals Court Ruling Affirming Preliminary Injunction to Halt Merger of New Jersey Hospital Networks
Date
Federal Trade Commission Bureau of Competition Deputy Director John M. Newman issued this statement regarding the U.S. Court of Appeals for the Third Circuit decision affirming the district court’s...
FTC and Justice Department Launch Listening Forums on Firsthand Effects of Mergers and Acquisitions
Date
The Federal Trade Commission and U.S. Department of Justice will host a series of listening forums to hear from those who have experienced firsthand the effects of mergers and acquisitions beyond...
FTC and DOJ Extend Deadline for Public Comment on Ways to Strengthen Enforcement Against Illegal Mergers
Date
Today, the Federal Trade Commission and U.S. Department of Justice are extending by one month the deadline to submit comments as part of the enforcement agencies’ process to modernize the merger...
Federal Trade Commission and Justice Department to Hold Joint Spring Enforcers Summit
Date
The Federal Trade Commission and the Justice Department’s (DOJ) Antitrust Division will co-host a Spring Enforcers Summit on April 4. FTC Chair Lina M. Khan and DOJ Assistant Attorney General Jonathan...
Global Partners/Fuel Assets
Global Partners LP and Richard Wiehl have agreed to divest to Petroleum Marketing Investment Group, LLC, seven stores that sell gasoline and diesel fuel in five local markets in Connecticut, to settle Federal Trade Commission charges that Global’s proposed acquisition of 27 retail gasoline and diesel outlets owned or operated by Wiehl violates federal antitrust laws. The complaint alleges that the acquisition will harm competition for the retail sale of gasoline in and around the Connecticut towns and cities of Fairfield, Bethel, Milford, Wilton, and Shelton. In all of these local markets except Wilton, the acquisition will also harm competition for the retail sale of diesel fuel. Under the terms of the proposed consent order, among other stipulations, Global and Wiehl must divest to Petroleum Marketing Investment Group six Global retail fuel outlets and one Wheels retail fuel outlet. On March 3, 2022, the Commission announced the final consent agreement in this matter.
Type of Action
Administrative
Last Updated
Case Status
Pending
FTC Approves Final Order Imposing Divestitures and Protecting Retail Fuel Customers following Global Partners LP’s Acquisition of Wheels
Date
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Global Partners LP’s acquisition of 27 retail gasoline and diesel outlets owned or...
Statement Regarding Termination of Attempted Merger of Rhode Island’s Two Largest Healthcare Providers
Date
In response to the announcement that Lifespan Corp. (“Lifespan”) and Care New England Health System (“Care New England”) have terminated their proposed merger, FTC Bureau of Competition Director Holly...
Displaying 621 - 640 of 4737