Author: Paul Moore2 Introduction Over the past several decades State Attorneys General have become increasingly involved in merger reviews in tandem with the Federal Trade Commission and/or the U.S. Department of Justice’s Antitrust Division (the Regulatory Agencies). This increase in state merger reviews has been in parallel with states raising…
The Antitrust Attorney Blog
Did You Receive an FTC or DOJ Subpoena? Be Sure To Preserve Everything Ephemeral
Authors: Steven Cernak & Molly Donovan The Federal Trade Commission and the Department of Justice are reminding companies that, in responding to grand jury subpoenas and second requests, there is an obligation to preserve data and communications created using “new methods of collaboration and information sharing tools, even including tools…
Antitrust Agency Publishes Revised HSR Notification Thresholds and Filing Fees For 2024
Authors: Steven Cernak and Luis Blanquez On January 22, 2024, the Federal Trade Commission (FTC) issued its usual annual announcement to increase the Hart-Scott-Rodino (HSR) Act thresholds. The 2024 thresholds will take effect 30 days after publication in the Federal Register, which is expected soon, so the thresholds likely will…
Best Antitrust Practices for Exchanging Competitive Information via Third Parties
Authors: Steve Cernak & Molly Donovan There is no guaranteed safety zone for exchanging competitively sensitive information amongst competitors. Practices once deemed relatively safe—like subscribing to a third-party data services provider to manage the exchange—now carry increased risks. This is mostly because machine learning and AI have made it possible…
FTC Sues IQVIA To Block Healthcare Programmatic Advertising Acquisition
Authors: Molly Donovan & Steven Cernak Update: The FTC has won a preliminary injunction to stop IQVIA from acquiring Propel Media. The judge (Judge Ramos in the Southern District of New York) ruled the injunction is in the public’s interest and the FTC has shown a reasonable probability of a…
New York Is Not Okay with Non-Competes
Author: Molly Donovan Update: In December 2023, New York Governor Kathy Hochul vetoed the legislature’s proposed prohibition against employee non-competes. The Governor indicated that her “top priority was to protect middle-class and low-wage earners, while allowing New York’s businesses to retain highly compensated talent.” Carve-outs to the bill for highly-compensated…
Five Key Takeaways from Fifth Circuit’s Illumina Merger Review Opinion
Author: Steven Cernak On December 15, 2023, the Fifth Circuit remanded to the FTC its order requiring Illumina to divest its re-acquired subsidiary, Grail. Despite the remand, the opinion is a big win for the FTC. Below, we offer five takeaways for future merging parties and their counsel. [Disclosure: Bona…
Does the NBA have an antitrust problem? A rival basketball league may think so.
Authors: Luke Hasskamp & Molly Donovan NBA action is FAN-TASTIC! Unless, of course, the action is one brought by the Department of Justice in a different kind of court. But that may be exactly where the NBA finds itself: the DOJ is reportedly investigating the professional basketball association for alleged…
$1.8 Billion Antitrust Verdict Against Realtor Groups Provides Lessons for Brokerages, Realtor Associations, and Multiple Listing Services Nationwide
Authors: Molly Donovan & Aaron Gott A Missouri jury awarded a class of home sellers $1.8 billion dollars in finding that the National Association of Realtors (“NAR”) and some of the nation’s largest real estate brokerages “conspired to require home sellers to pay the broker representing the buyer of their…
Antitrust for Kids: Watch Out for Predatory Halloween…Pricing!!
Author: Molly Donovan At Argo Elementary, a group of kids gathers daily at lunch to buy and sell candy. The trading activity is a longtime tradition at Argo and it’s taken very seriously—more like a competitive sport than a pastime. Candy trading doesn’t end once a 5th grader graduates from…