Republicans on the House Judiciary Committee are challenging the Federal Trade Commission’s (FTC) recent proposal of a national ban on non-compete agreements. In a Feb. 14 letter to FTC Chair Lina Khan and other commissioners, Judiciary Committee Chair Jim Jordan (R-Ohio) and Reps. Darrell Issa (R-Calif.), Thomas Massie (R-Ky.), and Scott Fitzgerald (R-Wis.) argued that…
Republicans Confront FTC Over Proposed Non-Compete Ban
February 15, 2023
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Illumina Will Have to Divest Grail After EU Blocks Takeover
BRUSSELS—U.S. life sciences firm Illumina will have to divest biotechnology company Grail after an EU veto of the $7.1 billion acquisition over concerns it would hurt competition and stifle innovation. The European Commission, which acts as the competition enforcer in the 27-country bloc, said on Tuesday that Illumina’s remedies did not adequately address its concerns….
Jeweler to Pay $34.2 Million in Settlement Over Deceptive Sales to Servicemen
July 20, 2022
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SAN DIEGO—A nationwide jewelry retailer announced July 20 that it would agree to pay $34.2 million to resolve allegations of using deceptive sales tactics on active duty servicemembers, including those stationed in San Diego. Harris Jewelers reached the settlement with the Federal Trade Commission and the attorneys general of more than a dozen states. It…
US Sets High Bar to Settle Facebook Antitrust Suit: FTC Chair
WASHINGTON—Federal Trade Commission Chair (FTC) Lina Khan, who promised tougher antitrust enforcement, said she would not rule out a settlement with Meta’s Facebook, which the agency sued in 2020, but indicated there was a high bar for any agreement. In an interview on Tuesday, she also criticized what she said was a large number obviously…
Federal Trade Commission Proposes Frontier Communications Reimburse LA and Riverside Counties $8.5 Million
May 6, 2022
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LOS ANGELES—The Federal Trade Commission (FTC) wants Frontier Communications to pay $8.5 million in civil penalties and costs to Los Angeles and Riverside counties, plus $250,000 that will be distributed to the internet provider’s California customers, according to a proposed order filed Thursday in Los Angeles. The move follows a 2021 lawsuit filed by the…
Senate Votes to Move Forward with Alvaro Bedoya’s FTC Confirmation
The Senate on March 30 narrowly voted to advance President Joe Biden’s nomination for Federal Trade Commissioner, Alvaro Bedoya, bringing him one step closer to being confirmed. Biden nominated Bedoya, a Georgetown University law professor, in September to join the board of the Federal Trade Commission (FTC), which deals primarily with antitrust and consumer protection law. If confirmed,…
Fashion Nova to Pay $4.2 Million to Settle Claims It Blocked Negative Online Reviews
January 25, 2022
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LOS ANGELES—Los Angeles-based Fashion Nova will be required to pay $4.2 million to settle allegations it blocked negative reviews of its products from being posted to its website, the Federal Trade Commission announced on Jan. 25. The trade commission alleged the fast-fashion online retailer misrepresented that the reviews on its website reflected the views of…
FTC and Several States to Recoup Funds for Victims of Price Gouging Scheme by Martin Shkreli
The Federal Trade Commission (FTC) and the states of New York, California, Illinois, North Carolina, Ohio, Pennsylvania, and Virginia are set to recoup up to $40 million in relief for victims of an illegal scheme masterminded by Martin Shkreli. The FTC said in a press release Tuesday that the government agency, alongside several states, accuses Vyera Pharmaceuticals and Shkreli,…
Feds Seek to Block Promotion of a Nasal Spray Against COVID-19
November 7, 2021
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The leading United States manufacturer of xylitol-based products says the federal government is deliberately trying to conceal a nasal spray it developed that it says has been scientifically proven to be effective in treating and preventing COVID-19. In an Oct. 28, 2021, lawsuit filed in federal court, the U.S. Department of Justice filed a lawsuit…
Amazon Drivers to Receive Nearly $60 Million in Withheld Tips After Tech Giant Reaches Settlement With FTC
More than 140,000 Amazon drivers will receive nearly $60 million in withheld tips after the company reached a settlement with the the Federal Trade Commission (FTC) on Tuesday. The funds will serve as reimbursement for tips that Amazon allegedly illegally withheld from drivers over a two-and-a-half year period between 2016 and 2019, the FTC said in a…
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