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Meta CEO Mark Zuckerberg takes the stand in historic antitrust trial
WASHINGTON (AP) — A historic antitrust trial began Monday for Meta Platforms Inc. in a case that could force the tech giant to break off Instagram and WhatsApp, startups it bought more than a decade ago that have since grown into social media powerhouses. The trial is bringing Meta CEO Mark Zuckerberg into federal court in Washington […]
Kroger blames Albertsons for merger’s demise in new court filings
Kroger is denying Albertsons’ claims that it didn’t do enough to ensure regulatory approval of the companies’ planned supermarket merger. In court papers filed Tuesday in the Delaware Court of Chancery, Kroger said Albertsons disregarded the companies’ merger agreement and worked secretly with a partner, C&S Wholesalers, to try to force Kroger to divest more […]
FTC reverses its request for a delay in an Amazon trial, says it has resources to litigate the case
A lawyer for the Federal Trade Commission has walked back his comments about a lack of resources and staff turnover interfering with the agency’s preparations for a trial involving Amazon‘s Prime program. FTC lawyer Jonathan Cohen asked a federal judge during a hearing on Wednesday to delay the September trial and relax deadlines in the […]
All eyes on noncompetes
EDITOR’S NOTE: On Aug. 20, a federal judge in Texas ruled against the Federal Trade Commission‘s ban on noncompete agreements, which was scheduled to go into effect Sept. 4. In striking down the FTC‘s pending rule, U.S. District Judge Ada Brown called it “arbitrary and capricious” and an “unlawful agency action.” An FTC spokesperson said […]
