Following a public comment period, the Federal Trade Commission has approved a petition submitted by Toys “R” Us, Inc. (TRU) to reopen and modify a final Commission order issued in 1998. That order followed a Commission determination, affirmed by the Seventh Circuit, Toys ‘R’ Us, Inc. v. FTC, 221 F.3d 928 (7th Cir. 2000) holding […]
Monthly Archives: April 2014
FTC Approves Final Order Settling Charges That Community Health Systems, Inc.’s Acquisition of Health Management Associates Inc. was Anticompetitive in Two Local Markets
Following a public comment period, the Federal Trade Commission has approved a final consent order settling charges that Community Health Systems, Inc.’s (CHS) $7.6 billion acquisition of rival health care system Health Management Associates Inc. (HMA) was likely to lessen competition for general acute care inpatient services sold to commercial health plans and provided to […]
April is Financial Literacy Month
April is Financial Literacy Month, and the Federal Trade Commission, the nation’s consumer protection agency, has information to help you make the most of your money no matter who you are – student, young adult, parent, service member on active duty, veteran or grandparent. “If you want to learn about everyday financial issues, like saving and […]
FTC Puts Conditions on Akorn Enterprises’ Proposed Purchase of Hi-Tech Pharmacal
Akorn Enterprises, Inc. and Hi-Tech Pharmacal, Inc. will sell the rights and assets to three generic prescription eye medications and two generic topical anesthetics to Watson Laboratories, Inc., to settle Federal Trade Commission charges that Akorn’s proposed $640 million acquisition of Hi-Tech would be anticompetitive and lead to higher prices for consumers. The FTC […]
FTC to Examine Effects of Big Data on Low Income and Underserved Consumers at September Workshop
The Federal Trade Commission will host a public workshop entitled “Big Data: A Tool for Inclusion or Exclusion?” in Washington on Sept. 15, 2014, to further explore the use of “big data” and its impact on American consumers, including low income and underserved consumers. “A growing number of companies are increasingly using big data analytics […]
FTC Wins Court Judgment Against Immigration Services Scam
A federal court has ordered the operators of a Baltimore-based immigration services scam to pay as much as $616,000 in refunds to Spanish-speaking immigrants, who were deceived into paying the defendants for immigration services that they were not qualified or authorized to provide. The order bans the defendants from providing or promoting these services in […]
Payday Lenders That Used Tribal Affiliation to Illegally Garnish Wages Settle with FTC
A South Dakota-based payday lending operation and its owner will pay $967,740 to the U.S. Treasury as part of a settlement resolving FTC charges that they used unfair and deceptive tactics to collect on payday loans and forced debt-burdened consumers to travel to South Dakota and appear before a tribal court that did not have […]
Technology Alert: OpenSSL “Heartbleed” Vulnerability
FIL-16-2014 April 11, 2014 Technology Alert: OpenSSL “Heartbleed” Vulnerability Printable Format: FIL-16-2014 – PDF (PDF Help) Summary: The FDIC, as a member of the Federal Financial Institutions Examination Council (FFIEC), is issuing the attached alert advising financial institutions of a material security vulnerability in OpenSSL, a popular cryptographic library used to authenticate Internet services and […]
FTC, DOJ Issue Antitrust Policy Statement on Sharing Cybersecurity Information
The Federal Trade Commission and the Department of Justice today issued a policy statement on the sharing of cyber-security information that makes clear that properly designed cyber threat information sharing is not likely to raise antitrust concerns and can help secure the nation’s networks of information and resources. The policy statement provides the agencies’ analytical […]
Ardagh Group SA Settles FTC Litigation Charging That Acquisition of Rival Saint-Gobain Containers, Inc. Would be Anticompetitive
Ardagh Group SA has agreed to sell six of its nine glass container manufacturing plants in the United States to settle Federal Trade Commission charges that its $1.7 billion proposed acquisition of Saint-Gobain Containers, Inc. would likely harm competition in the markets for glass containers used to package beer and spirits. “The remedy we achieved […]