FTC Approves Final Order Imposing Conditions on Merger of Fresenius Medical Care AG & KGaA and NxStage Medical, Inc.

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Fresenius Medical Care AG’s proposed $2 billion acquisition of NxStage Medical, Inc. likely would be anticompetitive. The order requires Fresenius and NxStage to divest to B. Braun all assets and rights to research, develop, manufacture, market, and sell […]

FTC Hearings on Competition and Consumer Protection in the 21st Century Continue with Discussion of the FTC’s Approach to Consumer Privacy

What: The Federal Trade Commission will host the 12th session of its Hearings on Competition and Consumer Protection in the 21st Century. When: Tuesday, April 9, 9:00 a.m. – 5:05 p.m., and Wednesday, April 10, 9:00 a.m. – 5:10 p.m. Where: Constitution Center Auditorium400 7th St., SWWashington, DC 20024 Who: The hearings will feature opening […]

Statement of the FTC’s Bureau of Competition Regarding Announcement that Republic National Distributing Company and Breakthru Beverage Group have Terminated Their Acquisition Agreement

Republic National Distributing Company and Breakthru Beverage Group announced on April 5 that that they have abandoned their proposed merger. “Staff of the Bureau of Competition and Bureau of Economics had been investigating the proposed transaction, and had informed RNDC and Breakthru Beverage of our significant concerns about likely anticompetitive harm if the transaction were […]

Scott Newsholme

Litigation Release No. 24444 / April 5, 2019 Securities and Exchange Commission v. Scott Newsholme, Civil Action No. 3:17-cv-06813 (D.N.J. filed Sept. 6, 2017) United States v. Scott Newsholme, No. 17-05015/18-00191 (D.N.J. filed Sept. 6, 2017) Scott Newsholme, Exchange Act Release No. 83056 (Apr. 17, 2018) The Securities and Exchange Commission has obtained a final […]

FTC to Hold August Workshop on Consumer Issues Related to Loot Boxes

The Federal Trade Commission will hold a public workshop on August 7, 2019 to examine consumer protection issues related to video game “loot boxes”—in-game rewards players can buy while playing a video game. The workshop, “Inside the Game: Unlocking the Consumer Issues Surrounding Loot Boxes,” will bring together a variety of stakeholders, including industry representatives, […]

Jeffrey E. Wall and The Lighthouse Events, LLC

Litigation Release No. 24443 / April 4, 2019 Securities and Exchange Commission v. Jeffrey E. Wall and The Lighthouse Events, LLC, No. 2:19-cv-00139-LEW (D. Me. filed April 4, 2019) The Securities and Exchange Commission filed an enforcement action on April 4, 2019 in federal court in Portland, Maine, charging Freeport-area concert promoter Jeffrey E. Wall […]

Unauthorized Banking: First National Bank

Alert 2019-4| April 4, 2019 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel The […]

AVEO Pharmaceuticals, Inc., et al.

Litigation Release No. 24442 / April 4, 2019 Securities and Exchange Commission v. AVEO Pharmaceuticals, Inc., et al., No. 1:16-cv-10607-NMG (D. Mass. March 29, 2016) The Securities and Exchange Commission obtained a final judgment against David Johnston, the former Chief Financial Officer of Massachusetts-based biotech company, AVEO Pharmaceuticals, Inc. On March 29, 2016, the SEC charged Johnston, […]

Evan R. Kita, et al.

On March 19, 2019, the Securities and Exchange Commission obtained final judgments against a pharmaceutical company accountant and three tippees in an insider trading scheme. The SEC charged Evan R. Kita, Daniel Perez, Richard Yu, and Chiang Yu on August 31, 2017, alleging that Kita, a CPA and former accountant at Celator Pharmaceuticals Inc., provided […]

Daniel Mattes

Litigation Release No. 24440 / April 3, 2019 Securities and Exchange Commission v. Daniel Mattes, No. 5:19-cv-01689 (N.D. Ca.) The Securities and Exchange Commission charged the founder and former chief executive of a Silicon Valley start-up with defrauding investors in Jumio Inc., a private mobile payments company. The former CEO, Daniel Mattes, agreed to pay […]