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Altria and Juul Labs Targeted by $13 Billion Antitrust Lawsuit


Author Bio
Rhian Hunt grew up in a crowded Connecticut suburb before moving to Wisconsin, where he enjoys being an outdoorsman, relishing the struggle against mountainous snowfalls during the eternal-seeming winters and aerial armadas of mosquitoes over the summer. Rhian studied Business Economics and Microeconomics at the University of Wisconsin. A lifelong interest in writing led to first professional freelancing, then becoming a Motley Fool author.
Altria Group s (NYSE:MO) 35% stake in electronic cigarette company Juul Labs may be under threat as a California district court judge said he will likely allow most of a major antitrust lawsuit to proceed. According to a document published by the Federal Trade Commission (FTC) on April 5, the acquisition, which Altria made for $12.8 billion, was part of an arrangement that eliminated competition in violation of federal antitrust laws. ....

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Leadership Changes at the Federal Trade Commission | Epstein Becker & Green


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Joseph Simons, Chairman of the Federal Trade Commission (“FTC”) since May 1, 2018, has announced that he would resign effective January 29, 2021. Following Chairman Simons out of the FTC are, among others, Bureau of Competition Director Ian Conner and Bureau of Competition Deputy Directors Gail Levine and Daniel Francis. These individuals played key roles in the FTC’s enforcement efforts in the health care industry.
In addition, Commissioner Rohit Chopra was recently nominated by President Biden to lead the Consumer Financial Protection Bureau (“CFPB”), and is also expected to soon leave the FTC. Commissioner Chopra, who brought a layman’s perspective to antitrust enforcement, has a history with the CFPB and would appear well suited to run that agency. ....

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Antitrust Leadership Changes With Biden Administration | Foley Hoag LLP


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As expected, on Tuesday, January 19, 2021, Makan Delrahim, the Assistant Attorney General (AAG) for the Antitrust Division of the U.S. Department of Justice (DOJ), stepped down and Joseph Simons, the Chairman of the Federal Trade Commission (FTC), announced that he would step down from the Commission entirely on January 29, 2021, clearing the way for President Biden to appoint new leadership at both Federal antitrust agencies. In addition, Chairman Simons announced the departure of a number of other senior staff from the FTC, including General Counsel Alden F. Abbott; Bureau of Competition Director Ian Conner; Bureau of Competition Deputy Directors Gail Levine and Daniel Francis; Bureau of Consumer Protection Director Andrew Smith; Bureau of Economics Director Andrew Sweeting; Office of Public Affairs Director Cathy MacFarlane; and Office of Policy Planning Director Bilal Sayyed. ....

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U.S. FTC chair says he will resign along with senior staff


By Reuters Staff
2 Min Read
FILE PHOTO: U.S. Federal Trade Commission (FTC) Chairman Joseph Simons testifies at Senate Appropriations Subcommittee hearing on the proposed budgets for the FCC and the FTC on Capitol Hill in Washington, U.S., May 7, 2019. REUTERS/Clodagh Kilcoyne
WASHINGTON (Reuters) - U.S. Federal Trade Commission Chairman Joseph Simons said on Tuesday that he would resign effective Jan. 29, along with members of his senior staff.
Simons, who announced his departure in a news release, did not say why he was leaving, but the FTC’s chief typically leaves when a new administration comes in.
The five-member FTC is also losing Democratic Commissioner Rohit Chopra, who has been nominated to head the Consumer Financial Protection Board. ....

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FTC Chair Joseph Simons to step down Jan. 29


Joseph Simons
FTC Chairman Joseph Simons said in a statement he will step down Jan. 29. Sworn in at the position in May 2018, Simons called his time leading the agency “a great honor.”
Other senior staff at the FTC announcing their resignations are General Counsel Alden Abbott, Bureau of Competition Director Ian Conner, Bureau of Competition Deputy Directors Gail Levine and Daniel Francis, Bureau of Consumer Protection Director Andrew Smith, Bureau of Economics Director Andrew Sweeting, Office of Public Affairs Director Cathy MacFarlane, and Office of Policy Planning Director Bilal Sayyed.
On Monday, Biden announced the nomination of FTC Commissioner Rohit Chopra to lead the Consumer Financial Protection Bureau, but he has not yet announced who will take over as chairman at the FTC. ....

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