The Federal Trade Commission is seeking public comment on an application by Pfizer Inc. to modify the FTC’s January 2010 final order, which settled the FTC’s competition concerns arising from Pfizer’s 2009 acquisition of Wyeth. The final order remedied the likely anticompetitive effects of the acquisition in numerous markets for animal health products by requiring […]
Monthly Archives: December 2015
FTC Challenges Proposed Merger of Two Chicago-area Hospital Systems
The Federal Trade Commission has authorized action to block the proposed merger of Advocate Health Care Network and NorthShore University HealthSystem, two leading providers of general acute care inpatient hospital services in the North Shore area of Chicago. The FTC issued an administrative complaint alleging that the proposed merger will create the largest hospital system […]
FTC Approves Final Order Settling Charges that Merger of Orthopedic Practices in Berks County, Pennsylvania Would Likely Harm Competition and Inflate Prices
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that a merger combining 76 percent of the orthopedists in Berks County, PA into Keystone Orthopaedic Specialists, LLC was likely anticompetitive and violated U.S. antitrust law. The complaint also named Orthopaedic Associates, one of the six practices that merged […]
Statement on Prudent Risk Management for CRE Lending
FIL-62-2015 December 18, 2015 Statement on Prudent Risk Management for CRE Lending Printable Format: FIL-62-2015 – PDF (PDF Help) Summary: The Federal banking agencies1 are issuing an interagency statement to highlight prudent risk-management practices from existing guidance that regulated financial institutions should apply in the management of their commercial real estate (CRE) lending activity. Financial […]
Two App Developers Settle FTC Charges They Violated Children’s Online Privacy Protection Act
Two app developers will pay a combined $360,000 in civil penalties as part of settlements with the Federal Trade Commission over charges they violated the Children’s Online Privacy Protection Act, or COPPA, Rule. The terms of the settlements with LAI Systems, LLC, and Retro Dreamer, require the defendants to pay civil penalties and comply with […]
LifeLock to Pay $100 Million to Consumers to Settle FTC Charges it Violated 2010 Order
LifeLock will pay $100 million to settle Federal Trade Commission contempt charges that it violated the terms of a 2010 federal court order that requires the company to secure consumers’ personal information and prohibits the company from deceptive advertising. This is the largest monetary award obtained by the Commission in an order enforcement action. “This […]
FTC Approves Final Order Requiring Marketer of Rug Accessory to Stop Efforts to Illegally Coordinate Prices with Competitor
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Step N Grip, LLC, a company that sells rug accessories designed to keep rugs from curling at the corners, illegally invited its closest competitor to collude on prices. Under the FTC order, Step N Grip must stop communicating […]
FTC’s Principal Deputy General Counsel David Shonka Earns Presidential Rank Award
The Federal Trade Commission announced today that David C. Shonka, the Principal Deputy General Counsel at the agency, has received the 2015 Presidential Rank Award of Meritorious Executive. “As this prestigious award demonstrates, the FTC is very fortunate to have the services of Principal Deputy Counsel David Shonka,” FTC Chairwoman Edith Ramirez said. “He has […]
Final Rule Amending the Filing Requirements and Processing Procedures for Changes in Control
FIL-60-2015 December 16, 2015 Final Rule Amending the Filing Requirements and Processing Procedures for Changes in Control Summary: The final rule amending the FDIC’s filing requirements and processing procedures for notices filed under the Change in Bank Control Act consolidates and conforms the regulations of state nonmember banks, state savings associations, and certain parent companies, […]
Margin and Capital Requirements for Covered Swap Entities
FIL-61-2015 December 16, 2015 Margin and Capital Requirements for Covered Swap Entities Summary: The FDIC, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Farm Credit Administration, and the Federal Housing Finance Agency (the Agencies) have adopted a final rule to implement Sections 731 and 764 […]