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FTC Defense Lawyer on the Highly Anticipated Supreme Court Decision in AMG Capital Management and a Potential Legislative Fix to the FTC’s Embattled Enforcement Authority Under 13(b) Thursday, April 22, 2021
The issue in AMG is whether the FTC is statutorily entitled to use Section 13(b) of the FTC Act to obtain monetary remedies in federal court.
On April 20, 2021, the Senate Commerce Committee convened a hearing titled, “Strengthening the Federal Trade Commission’s Authority to Protect Consumers.” The hearing addressed the Commission’s endangered consumer redress authority; the Commission’s efforts to fight fraud during the pandemic - including its new first-time civil penalty authority for COVID-related scams - and the Commission’s tools and capabilities in the information age, including $30.4 million in funding for consumer protection matters that Congress provided in the American Rescue Plan Act.
Supreme Court cuts back FTC power to seek ill-gotten gains
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Supreme Court cuts back FTC power to seek ill-gotten gains
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Wednesday, April 21, 2021
Typical considerations of parent companies seeking to spin off a subsidiary company include increasing shareholder value, facilitating growth, presenting a clearer tax and operational profile to investors, and a host of other legal, business, and practical considerations. A decision to spin off a subsidiary is usually based on the view that the parent and subsidiary have fundamentally different business models and that both entities could benefit from the subsidiary being its own independent company including, but not limited to, obtaining a higher aggregate valuation due to the ability of investors to better appreciate all aspects of the distinct businesses.
Senator Mike Lee Calls on Tech Companies to Be More Open About Their Political Biases
On 4/21/21 at 12:00 PM EDT
In A Starting Point s second chat looking into monopolies, antitrust laws and the power of Big Tech, Chris Evans and Mark Kassen talked with GOP Senator Mike Lee of Utah about the fine line of government regulation on businesses.
During the chat, Lee echoed the sentiment of Senator Amy Klobuchar, his colleague on the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights who spoke with ASP about monopolies earlier this week. Antitrust [laws] ensure that consumers benefit from vigorous competition between various market participants, Lee said. When companies avoid competition, they will charge higher prices and provide lower quality goods and services and they become less innovative in the process. The market stagnates and consumers suffer.