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FTC Unveils New Compulsory Processes in Eight Key Enforcement Areas

The Federal Trade Commission (“FTC”) issued resolutions to increase the efficiency of FTC investigations into competition or consumer protection violations under the FTC Act in eight priority enforcement areas. The resolutions direct the use of all available compulsory processes—such as civil investigative demands and subpoenas—to investigate potential FTC Act violations in the following enforcement areas:…

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Capital One CEO Allegedly Failed to Report Windfall Transaction to Antitrust Enforcement Agencies

The Federal Trade Commission (“FTC”) reached a settlement with Richard Fairbank, CEO of Capital One Financial Corp. (“Capital One”), to resolve allegations that he failed to report a windfall generated by his acquisition of Capital One stock to federal antitrust enforcement agencies in violation of the Hart-Scott-Rodino (“HSR”) Act. The complaint alleged that Fairbank’s did…

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$575 Million California Healthcare Antitrust Settlement Approved by Judge

California AG Rob Bonta and healthcare system Sutter Health (“Sutter”) gained the final approval of a California state judge for their settlement agreement, which resolves allegations that Sutter employed anticompetitive practices in violation of California’s Cartwright Act. The complaint alleged, among other things, that Sutter, which is the largest hospital system in Northern California, intentionally concentrated…

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FTC Changes Merger Review Process Under Flood of New Filings

The Federal Trade Commission (“FTC”) Bureau of Competition Director Holly Vedova announced an adjustment to the FTC’s process for reviewing mergers in response to a surge in merger filings that is straining the FTC’s resources. According to the announcement, The FTC continues to review mergers under the Hart-Scott-Rodino (“HSR”) Act, which requires companies in transactions…

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