Antitrust news and reports on Federal Newswire

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Kraken charged by the SEC for operating as an unregistered securities exchange
Antitrust

The Securities and Exchange Commission charged Kraken for operating their crypto trading platform unregistered. This incident represents an effort to tighten control over crypto platforms by the authorities, especially in the United States.


Heather on Amazon antitrust case: 'FTC has put Amazon between a rock and a hard place'
Antitrust

The Federal Trade Commission’s lawsuit against Amazon.com, Inc., faces internal inconsistencies with the agency’s laws and the company’s policies.


National Taxpayers Union: Google antitrust case 'could be very damaging to American competitiveness'
Antitrust

Nicholas Johns, senior policy and government affairs manager at the National Taxpayers Union, said the government’s arguments within its antitrust case against Google demonstrate a clear shift from past precedent, which could be very damaging to American competitiveness.


Google trial: U.S. antitrust shifting from protecting consumers to shielding competitors
Antitrust

Despite years of preparation and six weeks at trial, leaders in technology and business remain confused about the Department’s motives in bringing this case.


US Chamber Calls Out FTC, DOJ for Ignoring Settlement Paths, Alleges Bias
Antitrust

U.S. Chamber of Commerce says the Federal Trade Commission and Department of Justice are costing taxpayers millions and raising concerns about potential bias by failing to pursue settlements to remedy alleged anti-competitive behavior.


Research fellow says 'antitrust is anti-progress' in Google case
Antitrust

Dr. Kimberlee Josephson — an associate professor of business at Lebanon Valley College in Annville, Pennsylvania, and adjunct research fellow with the Consumer Choice Center — believes business owners should be concerned about the Department of Justice’s antitrust case against Google.


Eliminating baseball exemption would offer market benefits and fairer labor practices, says MLBPA
Antitrust

According to the MLBPA's amicus curiae brief, the exemption continues to have a negative impact on Minor League players and communities.


Preliminary approval granted in landmark Zetia antitrust settlement; court to retain jurisdiction
Antitrust

The U.S. District Court for the Eastern District of Virginia has taken a significant step towards finalizing an antitrust settlement between two pharmaceutical giants. The court has granted preliminary approval for a settlement in the Zetia Antitrust Litigation, which involves the End Payor Plaintiffs (EPPs) and defendants Merck and Glenmark.


FTC takes Total Wine to Federal Court over antitrust case
Antitrust

The Federal Trade Commission (FTC) has taken Total Wine to federal court over an antitrust case, seeking court intervention to enforce a subpoena related to an ongoing investigation into Southern Glazer's Wine & Spirits. The FTC filed a petition in the U.S. District Court for the Eastern District of Virginia to force Total Wine to comply with a civil investigative demand (CID), which is an administrative subpoena that seeks documents and other information related to the antitrust probe.


Consumer watchdog says Google antitrust trial indicates a shift in regulatory approach
Antitrust

With the U.S. government's antitrust lawsuit against Google underway, Patrick Hedger, Executive Director of the Taxpayers Protection Alliance, says that the lawsuit reflects a shift in antitrust policy, prioritizing the interests of competitors over consumer welfare. He goes on to suggest that the government's approach signifies a broader strategy to regulate various aspects of the economy to promote a more interventionist model of competition.


Tech association president highlights lack of consumer harm in Google antitrust trial
Antitrust

Matt Shruers, president of the Computer & Communications Industry Association (CCIA), has criticized the government's antitrust lawsuit against Google, suggesting that the government is trying to push consumers towards a less preferred product simply because they believe Google is too big. In an interview with Federal Newswire, Shruers expressed concern over the government's attempt to drive consumers away from Google Search, which is a product that consumers generally prefer.


Individuals classified as 'special interest aliens' apprehended at border
Antitrust

U.S. Customs and Border Protection (CBP) has confirmed the apprehension of four Iranians since the beginning of October.


San Diego faces crisis as U.S. Border Patrol releases thousands of migrants
Antitrust

Approximately 13,000 migrants have been released at transit stations in San Diego since September 13, with 500 more arriving daily, according to AP News. This has created an "unprecedented humanitarian crisis" in the city, as U.S. Border Patrol releases migrants onto the streets due to overcrowded shelters. The situation is putting a strain on local charities and aid organizations, who are struggling to cope with the influx of migrants and the lack of government funding.


DOJ's antitrust advocacy called into question by Chamber of Commerce leader
Antitrust

In a recent article published on the U.S. Chamber of Commerce website, Sean Heather, the Senior Vice President of International Regulatory Affairs and Antitrust at the U.S. Chamber of Commerce, criticizes the Department of Justice's (DOJ) track record in antitrust cases and raises concerns about bias in legal proceedings.


TPPF Director of Litigation: 'Texans should celebrate that S.B. 1111 will continue to remain in effect'
Antitrust

The U.S. Supreme Court has upheld a Texas election law known as S.B. 1111, which aims to ensure that Texans vote in the correct precinct corresponding to their current residence. The law has been defended by the Texas Public Policy Foundation (TPPF) and the Texas Attorney General’s Office, and its affirmation by the Supreme Court has been met with celebration.


FTC takes action on Quantum, EQT energy deal over antitrust concerns
Antitrust

The Federal Trade Commission (FTC) has taken action on the $5.2 billion cash-and-stock deal between private equity firm Quantum Energy Partners and natural gas producer EQT Corporation due to antitrust concerns. The announcement highlights the significant competition between Quantum and EQT in the Appalachian Basin, which is recognized as the U.S.'s premier natural gas-producing region.


PayPal accused of anticompetitive pricing
Antitrust

A class-action lawsuit has been filed against PayPal, accusing the e-commerce payment supplier of engaging in anticompetitive practices that result in higher transaction fees for consumers. The lawsuit alleges that PayPal's "draconian" anti-steering policies restrict competition from more affordable payment platforms, leading to consumers paying excess charges. The lawsuit, filed on October 5, 2023, in the U.S. District Court for the Northern District of California, was spearheaded by attorneys at Hagens Berman.


Maloney: Khan's antitrust shift threatens private equity's role in bolstering U.S. economy
Antitrust

Drew Maloney, president and CEO of the American Investment Council, warns that Lina Khan's antitrust agenda may harm the U.S. economy by undermining the significant contributions of private equity to small businesses and healthcare, according to a Financial Times opinion piece from late last month.


Former US Congresswoman: 'Internet users see Google as the best search engine, and they overwhelmingly prefer it'
Antitrust

Amid the Department of Justice's big tech antitrust lawsuit, a former US Congresswoman from Virginia says the American public's preference for Google does not warrant accusations of a monopoly.


FTC and FCC strengthen international partnership against spam and scams
Antitrust

The Federal Trade Commission (FTC) and the Federal Communications Commission (FCC) have strengthened their international partnership in the fight against spam, scams, and unauthorized telemarketing activities. The two agencies have signed a renewed Memorandum of Understanding (MOU) with the Unsolicited Communications Enforcement Network (UCENet), a group of public authorities dedicated to combating unsolicited communications.