TikTok Ban Reveals Congress' Power In Place Of CFIUS Limits
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2d ago
The new law calling for TikTok's Chinese parent company to sell the app or get banned in the U.S. reflects the limits of national security reviews and shows how Congress and the president may bolster, or circumvent, them going forward ..read more
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St. John's Hoops Players Say NCAA Can't Block Their Play
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2d ago
Two St. John's University basketball players sued the NCAA Friday in New York, saying it arbitrarily denied them waivers for its "five-year rule" that prohibits student-athletes from competing in more than four seasons in any one sport, after they lost a season during the COVID-19 pandemic ..read more
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Wash. Judge Doubts He Can Block Kroger Merger
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2d ago
A Washington state judge said Friday he had "serious doubts" he could block the $24.6 billion Kroger and Albertsons merger but declined to dismiss the state attorney general's lawsuit seeking to derail the deal, saying that the state still had more narrowly tailored remedies to address its anti-competition concerns ..read more
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Google Urges Va. Court To End DOJ's Ad Tech Case
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2d ago
Google urged a Virginia federal court on Friday to toss the U.S. Department of Justice case accusing it of monopolizing key digital advertising technology ahead of trial, saying the government cannot use antitrust law to force a company to help its competitors ..read more
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FTC's Bedoya Says Labor Concerns In Mergers Matter
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2d ago
Federal Trade Commissioner Alvaro Bedoya said Friday that it's important for enforcers to consider the impact mergers can have on labor, even if they never did in the past, contending that concentration can lead to lower wages and dangerous working conditions ..read more
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Apple Keeps Win Over Fortnight Player In Calif. Antitrust Suit
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2d ago
A California state appeals court on Thursday refused to revive a putative class action brought by Fortnite players alleging that Apple's App Store policies violate the state's antitrust and unfair competition laws, saying because the tech giant's conduct is immune from antitrust liability it can't be held to be "unfair ..read more
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Blackstone Must Face Claims Of Price-Fixing At Vegas Hotels
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2d ago
A Las Vegas hotel price-fixing suit against Blackstone and others has survived the private equity firm's motion to dismiss, with a Nevada federal judge ruling the plaintiffs had shown enough to allege Blackstone was in control of one of the target hotels, the Cosmopolitan Hotel, at the time of the alleged scheme ..read more
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The Drawbacks Of Banking Regulators' Merger Review Plans
Law360 » Competition
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2d ago
Recent proposals for bank merger review criteria by the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. share common pitfalls: increased likelihood of delays, uncertainties, and new hurdles to transactions that could impede the long-term safety and soundness of the banks involved, says Franca Harris Gutierrez at WilmerHale ..read more
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The FTC's Noncompete Rule Is Likely Dead On Arrival
Law360 » Competition
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2d ago
The Federal Trade Commission's April 23 noncompete ban ignores the consequences to the employees it claims to help — but the rule is unlikely to go into effect provided the ideological makeup of the U.S. Supreme Court remains the same, say Erik Weibust and Stuart Gerson at Epstein Becker ..read more
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Off The Bench: Nassar Victims, Bush V. NCAA, New ACC Suit
Law360 » Competition
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2d ago
In this week's Off The Bench, the U.S. Department of Justice cuts a nine-figure deal for botching its sexual abuse investigation of disgraced USA Gymnastics physician Larry Nassar, college football legend Reggie Bush plows ahead with an NCAA defamation suit despite reclaiming his Heisman trophy, and Florida sues the ACC to detail its lucrative media rights contracts ..read more
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