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| Current Issue: 960 |
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Something strange happened after Facebook disclosed the Federal Trade Commission might hit it with an eye-popping fine as high as $5 billion for violating a privacy order — the largest civil penalty in the agency’s history.
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Come on in. The antitrust water is fine.
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After an appeals court ruled the Federal Trade Commission’s order telling a medical testing company to fix its weak data security was unenforceable — finding it too vague — practitioners have wondered how the agency would modify its approach.
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Two House members with the most clout on antitrust matters favor an exemption for the newspaper industry, but hold their positions for different reasons.
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The doctors — or in this case, the legal scholars — thought they knew what ailed the patient. In the late 1970s, “the patient” was the sluggish US economy, and Robert Bork and Richard Posner believed they knew the proper medicine to administer to a patient being harmed by overly active enforcement of the antitrust laws: deregulation.
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Theodore Roosevelt and William Howard Taft are either frowning in their graves or realizing their efforts succeeded.
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Black helicopters and sewer monsters are on the agenda at the Federal Trade Commission.
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As soon as Medicare officials started taking Social Security numbers off beneficiary cards as a privacy protection measure and replacing them with random identifier numbers, scammers devised new fraud schemes around the change, the Federal Trade Commission said.
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Siblings often squabble. The two US antitrust authorities, the Department of Justice and the Federal Trade Commission, usually do it behind closed doors. But this week, a dispute broke out in full view with the DOJ filing a statement in the FTC’s ongoing case against Qualcomm.
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Broadcasters, cable companies and digital platforms are competing for advertising dollars in a dynamic market, executives from Facebook and Comcast as well as several broadcasting representatives said at a Department of Justice workshop.
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The House Judiciary Committee approved several bills that would place more restrictions on branded drugmakers that try to limit competition from generic drug companies. The full House could take up the bills before Memorial Day, MLex has learned.
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Pozen departs GE to join Clifford Chance
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May 29 — Fiona Scott Morton, a former deputy assistant attorney general for antitrust, will speak at a “Research on Tap” series. Jonathan Baker, a former Federal Trade Commission Bureau of Economics director, will also address attendees. Sponsored by the Washington Center for Equitable Growth, the conversation begins at 6 p.m. For more information, go to: https://equitablegrowth.org/event/research-on-tap-new-frontiers-in-antitrust-pathways-to-a-competitive-economy/.
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FTC Briefs
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DOJ Briefs
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