Dustup over Perrigo merger

(July 16, 2012) -- Pinch-hitting for two companies that merged in 2011, the Washington Legal Foundation has attacked restrictions the FTC imposed as a condition of the merger. The deal in question is the $540 million acquisition of Paddock Laboratories by Perrigo Company. During the public comment period before the settlement became final, Foundation Chief Legal Counsel Richard Samp took a full swing. A letter asserted not only flawed thinking by the FTC in defiance of multiple court decisions. It chided Commissioners by reminding them of “the need to understand that with great power comes great responsibility.”...

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