The Federal Trade Commission is currently accepting public comments on an application from Agilent Technologies, Inc., which seeks Commission approval of a cross-license agreement under which Agilent would reacquire assets it divested as part of a 2010 consent agreement. The FTC’s May 2010 complaint charged that without a remedy, the merger of Agilent and Varian, […]
Monthly Archives: March 2018
Revisions to the Consolidated Reports of Condition and Income for June 2018; Webinar on April 5, 2018
FIL-13-2018 March 30, 2018 Revisions to the Consolidated Reports of Condition and Income for June 2018; Webinar on April 5, 2018 Printable Format: FIL-13-2018 – PDF (PDF Help) Summary: As part of an ongoing effort to ease reporting requirements and lessen reporting burden, the federal banking agencies, under the auspices of the Federal Financial Institutions […]
FTC Requests Public Comment on Alimentation Couche-Tard Inc.’s Application to Approve Sale of Three Retail Fuel Stations and Convenience Stores in Alabama
The Federal Trade Commission is currently accepting public comments on an application by Alimentation Couche-Tard Inc. to divest three retail fuel stations in Alabama, as required under the FTC’s January 9, 2018, order settling charges that ACT’s acquisition of competitor Jet-Pep, Inc. would violate federal antitrust law. Under the terms of the consent agreement, ACT […]
FTC Approves Final Order Imposing Conditions on 7-Eleven’s Acquisition of Nearly 1,100 Retail Fuel Outlets from Competitor Sunoco
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that the proposed $3.3 billion acquisition of 1,100 Sunoco retail fuel outlets by the Tokyo-based parent company of 7-Eleven would violate antitrust law. According to the complaint, the acquisition as proposed by Seven & i Holdings Co. would harm […]
FTC Releases Reports on Cigarette and Smokeless Tobacco Sales and Marketing Expenditures for 2016
The number of cigarettes that the largest cigarette companies in the United States sold to wholesalers and retailers nationwide declined from 244.2 billion in 2015 to 240.5 billion in 2016, according to the most recent Federal Trade Commission Cigarette Report. The amount spent on cigarette advertising and promotion increased from $8.30 billion in 2015 to […]
FTC Files Comment to CFPB on CID Processes
The Federal Trade Commission’s Bureau of Consumer Protection (BCP) has filed a comment to the Bureau of Consumer Financial Protection in response to that agency’s request for information to help it assess the process it uses to issue Civil Investigative Demands (CIDs). CIDs are a key tool in investigating potential law violations and bringing enforcement […]
Statement by the Acting Director of FTC’s Bureau of Consumer Protection Regarding Reported Concerns about Facebook Privacy Practices
Tom Pahl, Acting Director of the Federal Trade Commission’s Bureau of Consumer Protection, issued the following statement regarding reported concerns about Facebook’s privacy practices: “The FTC is firmly and fully committed to using all of its tools to protect the privacy of consumers. Foremost among these tools is enforcement action against companies that fail to […]
FTC Announces Departure of Acting General Counsel David Shonka
Acting Federal Trade Commission Chairman Maureen K. Ohlhausen today announced that David C. Shonka, the agency’s Acting General Counsel, is retiring from government and will join a private law practice. Shonka has served as Acting General Counsel since March 2016, and previously held that position between January and June 2009 and October 2012 and June […]
International Competition Network Adopts Guiding Principles for Procedural Fairness and New Recommendations for Merger Review
The International Competition Network (ICN) held its 17th annual conference, hosted by the Competition Commission of India, on March 21-23, 2018. Nearly 500 delegates from more than 70 jurisdictions participated, including competition experts from international organizations and the legal, business, academic, and consumer communities. Acting Chairman Maureen Ohlhausen and Deputy Assistant Attorney General Roger Alford […]
FTC Action Halts A Large Deceptive Business Opportunity Scheme
The Federal Trade Commission has charged a business opportunity scheme with falsely claiming that people who buy the defendants’ expensive “Amazing Wealth System” will learn “secrets for making money on Amazon” and likely earn thousands of dollars a month. According to the FTC, the defendants, who have no affiliation with Amazon.com, have made false or unsubstantiated […]