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2 months ago | 
news.bloombergtax.com | Justin Wise |Rob Tricchinelli
A federal judge in Missouri rejected three major pharmacy benefit managers’ push to pause the Federal Trade Commission’s in-house case against them over rising insulin costs. Units of CVS Health Corp., Cigna Group, and UnitedHealth Group Inc. had moved for a preliminary injunction, claiming the FTC’s administrative proceedings run afoul of the Constitution.
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2 months ago | 
news.bloombergtax.com | Justin Wise |Rob Tricchinelli
Federal Trade Commission chairman Andrew Ferguson called for eliminating legal protections that prevent presidents from firing commissioners at federal agencies, including the FTC, without cause. Ferguson’s call came days after the acting solicitor general revealed the Justice Department will ask the high court to overturn a 90-year-old Supreme Court ruling that established such protections. “The acting SG is right,” Ferguson said in a statement on X.
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2 months ago | 
news.bloomberglaw.com | Ben Penn |Justin WiseExclusive |Justin Wise |Seth Stern
Attorneys representing former Cognizant Technology executives about to go on trial sought a dismissal directly from the Justice Department’s No. 2 official the day after President Donald Trump ordered a pause on foreign bribery enforcement. The overture from law firms Jones Day and Paul Weiss came on behalf of Cognizant’s former president and chief legal officer, who are charged with approving a $2 million payoff to expand their business into India, said two people briefed on the matter.
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2 months ago | 
news.bloombergtax.com | Ben Penn |Justin WiseExclusive |Justin Wise |Seth Stern
Attorneys representing former Cognizant Technology executives about to go on trial sought a dismissal directly from the Justice Department’s No. 2 official the day after President Donald Trump ordered a pause on foreign bribery enforcement. The overture from law firms Jones Day and Paul Weiss came on behalf of Cognizant’s former president and chief legal officer, who are charged with approving a $2 million payoff to expand their business into India, said two people briefed on the matter.
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2 months ago | 
news.bloombergtax.com | Justin Wise |Rob Tricchinelli
Andrew Ferguson had been FTC chairman for a day when an oil executive sued the agency, using Ferguson’s past statements as a commissioner to support his effort to undo a settlement. Days earlier, Deere & Co. seized on Ferguson’s vote, opposing a monopoly lawsuit against the tractor giant, to push back on the FTC’s claims. A major US alcohol distributor then deployed the same tactic as it fought to get rid of a case brought in the final weeks of the Biden administration.
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2 months ago | 
news.bloombergtax.com | Katie Arcieri |Justin Wise |Rob Tricchinelli
Plaintiffs who sue under federal antitrust laws must define a “relevant market” for their allegations, a threshold issue that has become a stumbling block for high-stakes litigation in recent years. The latest example came Feb. 3, when a federal jury found for US Soccer and MLS in a case claiming they colluded to exclude an upstart league from the top tiers of men’s professional soccer in the US and Canada.
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2 months ago | 
news.bloombergtax.com | Justin Wise |Rob Tricchinelli
Some current and former college athletes are raising objections as a judge weighs a deal that would require the NCAA to pay $2.8 billion in damages for its past restrictions on athlete compensation. More than a dozen objections were filed in the US District Court for the Northern District of California by the Jan. 31 deadline, with some of them taking issue with a deal provision that will send most of the settlement proceeds to male athletes. They claim the deal discounted Title IX regulations.
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2 months ago | 
news.bloomberglaw.com | Justin Wise |Zach Williams
The Biden administration is out of power but its antitrust agenda could live on in New York. Companies that abuse their market position would face liability under a bill to update the state’s century-old antitrust law. Amazon.com Inc. is a particular concern, said state Senate Deputy Majority Leader Michael Gianaris (D), a longtime critic of the company who introduced the legislation (S.B. 335).
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2 months ago | 
news.bloombergtax.com | Justin Wise |Zach Williams
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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Jan 23, 2025 | 
news.bloombergtax.com | Justin Wise |Rob Tricchinelli
The Federal Trade Commission unlawfully intruded on states’ regulatory power by issuing a near-total ban on worker noncompete agreements, a group of 17 Republican-led states argued in a new court filing. Led by the Florida attorney general’s office, the states urged the US Court of Appeals for the Eleventh Circuit to affirm a Florida federal judge’s decision that the FTC lacked clear congressional authorization to implement the ban.
