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Federal Trade Commission

Sullivan & Cromwell Discusses Meta Victory in FTC Case Challenging Instagram and WhatsApp Acquisitions

By Renata B. Hesse, Samantha F. Hynes, Christopher A. Graham* and Renic B. Sloan December 9, 2025 by renholding

Summary

  • In December 2020, the FTC sued Meta, alleging that Meta held a monopoly in the market for personal social networking and had illegally maintained that monopoly through a years-long course of anticompetitive conduct that included acquiring Instagram in 2012
…

Paul Weiss Discusses FTC’s Shift in Approach to Non-Compete Enforcement

By Brette Tannenbaum, Jean McLoughlin, Larry Witdorchic, Pietro Signoracci and Mark Laramie September 10, 2025 by renholding

The Federal Trade Commission dropped its attempt to ban almost all employer-worker non-compete agreements by rule. It will instead focus on bringing case-by-case enforcement actions.

On September 5, 2025, the Federal Trade Commission (FTC) issued a statement “acced[ing] to the …

Wachtell Lipton Offers Antitrust Insights from the Administration’s First Six Months

By Ilene Knable Gotts, Nelson O. Fitts, Damian G. Didden, Christina C. Ma and Emily E. Samra July 30, 2025 by renholding

As predicted, antitrust merger enforcement under the second Trump Administration exhibits a return to a more restrained approach at both the Federal Trade Commission and the Antitrust Division of the Department of Justice.  Most refreshingly, the agencies appear committed …

Davis Polk Discusses the Return of Antitrust Remedies in Merger Settlements

By Nathaniel L. Asker, Suzanne Munck af Rosenschold, Gil Ohana, Ilana M. Rice and Jesse Solomon June 10, 2025 by renholding

The FTC and DOJ recently announced the first settlements of merger enforcement actions reached under the second Trump administration. These actions follow comments from leadership at the antitrust agencies expressing an openness to structural merger remedies, an important contrast to …

Gibson Dunn Discusses Record Gun Jumping Penalty Secured by FTC

By Kristen Limarzi, Andrew Cline, Ryan Foley, Tristan Locke and Graham Valenta January 31, 2025 by ngodridge

On January 7, 2025, the U.S. FTC announced a settlement with three crude oil producers for violations of the gun jumping provisions of the HSR Act. XCL Resources Holdings, LLC (XCL), Verdun Oil Company II LLC (Verdun), and EP Energy …

Cleary Gottlieb Discusses Non-Compete Agreements

By Alan M. Levine, Eitan Agagi, Emily C. Barry and Maisha Kamal January 29, 2025 by renholding

In 2024, two federal agencies saw challenges to their regulations restricting non-compete agreements, while several states enhanced restrictions or proposed amendments expanding existing non-compete laws. The scope and impact of these developments are likely to be further clarified as legislation …

Advice on Merger Guidelines for the New Administration

By Alexander Raskovich January 24, 2025 by renholding

The administration’s antitrust picks are in. President Donald Trump has nominated Gail Slater to be the assistant attorney general for antitrust and Andrew Ferguson – currently a commissioner on the Federal Trade Commission – to become the FTC chair. Upon

…

Paul Weiss Discusses Business Groups’ Suit Seeking to Set Aside New HSR Rules

By Marta P. Kelly, Scott A. Sher, Yuni Yan Sobel, Aidan Synnott and Christopher M. Wilson January 16, 2025 by renholding

On January 10, 2025, the U.S. Chamber of Commerce, Business Roundtable, American Investment Council and a local chamber of commerce filed a complaint challenging the new Hart-Scott-Rodino (HSR) rules governing premerger notification. Plaintiffs allege that the new rules violate the …

Simpson Thacher Discusses Updated Antitrust Compliance Guidance

By John Terzaken, Abram Ellis, Peter Guryan, Sara Razi, and Sophia Dillon-Davidson December 9, 2024 by renholding

On November 12, 2024, the U.S. Department of Justice (“DOJ”) published updated guidance on how the DOJ’s Antitrust Division will evaluate corporate compliance programs when making charging decisions and sentencing recommendations relating to criminal antitrust violations, such as bid-rigging, price-fixing, …

Paul Weiss Discusses Potential Merger Enforcement Changes in the Trump Administration

By Katharine R. Haigh, Scott A. Sher, Christopher M. Wilson, Mark R. Laramie and Sahil Sheth November 19, 2024 by renholding

With the change of administrations in January 2025, antitrust enforcement priorities are likely to shift next year. We expect the Antitrust Division of the Department of Justice (DOJ) and Federal Trade Commission (FTC) in the Trump Administration to continue to …

How Accounting Helps Hide Mergers from the FTC and DOJ

By John D. Kepler, Charles McClure and Christopher R. Stewart November 11, 2024 by renholding

Evidence of a rise in corporate market power has drawn the attention of U.S. policymakers, prompting antitrust regulators to more closely scrutinize mergers and acquisitions (M&A) that consolidate product markets. Such consolidations are believed to be behind the increased market …

Sidley Austin Discusses FTC’s “Click-to-Cancel” Rule

By Mark D. Hopson, Benjamin M. Mundel, Lauren C. Freeman, Phillip Shaverdian and Christina C. Koenig October 28, 2024 by renholding

On October 16, 2024, the U.S. Federal Trade Commission (FTC) announced that it has finalized its new Negative Option Rule (Rule), which represents a significant expansion of its 1973 Negative Option Rule and is guaranteed to have a far-reaching impact …

Wachtell Lipton Discusses FTC’s Sweeping Changes to HSR Reporting Obligations

By Ilene Knable Gotts, Christina C. Ma, Monica L. Smith and Gray W. Decker October 15, 2024 by renholding

On October 10, 2024, the Federal Trade Commission (“FTC”), with the concurrence of the Antitrust Division of the Department of Justice (“DOJ”), announced the FTC’s unanimous vote to adopt a final rule implementing significant changes to the reporting obligations under …

Wachtell Lipton Discusses Nationwide Injunction Blocking FTC Non-Compete Ban

By Michael J. Schobel, Erica E. Aho and Jonathan C. Nickas August 26, 2024 by renholding

On August 20, 2024, Judge Ada Brown of the U.S. District Court for the Northern District of Texas issued a permanent injunction setting aside the Federal Trade Commission’s final rule banning non-compete agreements in Ryan LLC v. FTC.  Last …

Simpson Thacher Discusses Texas District Court Decision Staying Non-Compete Ban

By Gregory Grogan, Sara Razi, Abram Ellis, Daniel Venditti and Andrew Kofsky July 19, 2024 by renholding

On July 3, 2024, the United States District Court for the Northern District of Texas issued a preliminary injunction order that enjoins the Federal Trade Commission from enforcing the FTC’s so-called “Non-Compete Rule,” which would have banned most non-competes.[1]…

1 Comment  

Skadden Discusses FTC-DOJ Request for Information on Serial Acquisitions and PE Roll-Ups

By Tara Reinhart, Ken Schwartz, Mike Sheerin, Dave Wales and Julia York June 10, 2024 by renholding

On May 23, 2024, the Federal Trade Commission (FTC) and Antitrust Division of the Department of Justice (DOJ) jointly announced a request for members of the public to provide information that the agencies can use “to identify serial acquisitions and …

Kirkland Discusses Prospect of Comprehensive Nationwide Privacy Legislation

By Olivia Adendorff, P.C., Richard Cunningham, P.C., Lucie Duvall, Christopher Leach and Andrea deLorimier April 29, 2024 by renholding

In the latest effort to enact a federal privacy law, Senator Maria Cantwell (D-WA), Chair of the Senate Committee on Commerce, Science and Transportation, and Representative Cathy McMorris Rodgers (R-WA), Chair of the House Committee on Energy and Commerce, recently …

Wachtell Lipton Discusses FTC’s Sweeping Ban on Employment Non-Competes

By Nelson O. Fitts, Michael J. Schobel and Emily E. Samra April 25, 2024 by renholding

In a public meeting Tuesday, a divided Federal Trade Commission voted along party lines to issue a final rule prohibiting non-compete clauses for nearly all U.S. workers.  The FTC previously published the proposed ban in January 2023, drawing thousands of …

Davis Polk Discusses FTC and DOJ Focus on Private Equity Investment in Healthcare

By Arthur J. Burke, Ronan P. Harty, Mary K. Marks, Howard Shelanski and Jesse Solomon March 13, 2024 by renholding

On March 5, 2024, the FTC, the DOJ and the U.S. Department of Health and Human Services announced that they are seeking public comment on private equity investment in the healthcare sector. The announcement coincided with the FTC’s workshop, Private …

Latham & Watkins Discusses FTC AI Agenda and Novel Impersonation Rulemaking

By Ian Connor, Sy Damle, Michael Rubin, Will Schildknect and Charles Sprague March 11, 2024 by renholding

On February 15, 2024, the Federal Trade Commission (FTC) issued a Supplemental Notice of Proposed Rulemaking (SNPRM) seeking comment on a proposed rule that, if implemented, would prohibit the impersonation of any individual and prohibit companies from supplying technology that …

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Each business day, our team sifts through blog posts, news stories, and other sources to keep up-to-date on relevant recent developments. The following links will take you to our recommended selections. To see the sources we follow click Filter Sources.

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Delaware Business Litigation Report
Texas Court Uses Texas Limitations Statute Despite Delaware Law Choice
February 12, 2026
D&O Diary
Top SEC Enforcer Vows Vigilance
February 12, 2026
Reuters
Pfizer to Collect $29 Million from SEC’s Steven Cohen Hedge Fund Case
February 12, 2026
Whistleblower Network News
No 2026 Payouts to SEC Whistleblowers
February 12, 2026
Deal Lawyers.com
SEC Issues New Interpretations on Form S-4, Going Private, Tender Offers
February 12, 2026
Reuters
Kraft Heinz Pauses Company Split
February 11, 2026
Wall Street Journal
Bill Ackman Makes a Big Bet on Meta
February 11, 2026
Cleary M&A Watch
The Outlook for Private Credit in 2026
February 11, 2026
Cooley M&A
The Year Ahead for Life Sciences M&A
February 11, 2026
Delaware Business Litigation Report
Chancery Nixes Discovery on Personal Misconduct in Broken Deal Case
February 11, 2026
Bloomberg
U.S. House Advances Auto Safety Bill
February 10, 2026
Reuters
Paramount Sweetens Bid for Warner
February 10, 2026
Wall Street Journal
Tariffs Hit Ford for Another $900 Mln
February 10, 2026
New York Times
BP Pauses Buybacks as Profit Slumps
February 10, 2026
ThinkAdvisor
SEC and Commonwealth Tentatively Settle Over $93 Million Penalty
February 10, 2026
Dealbook
Court TV Getting a New Owner
February 9, 2026
Freshfields' A Fresh Take
Enforcers Eye Algorithmic Pricing
February 9, 2026
Financial Advisor
Ex-SEC Enforcement Chief Urges Limits on Regulation by Enforcement
February 9, 2026
D&O Diary
Why So Many Pump-and-Dump Suits?
February 9, 2026
Sidley Enhanced Scrutiny
Delaware Supreme Court Makes Earnouts Less Risky for M&A Buyers
February 9, 2026
Reuters
How Paul Weiss Boss Lost Grip on Firm
February 8, 2026
Wall Street Journal
Why Finding a Job Now Is So Hard
February 8, 2026
Dealbook
Casinos, Prediction Markets Go to War
February 8, 2026
The Governance Beat
Wells Fargo Wealth Quits Proxy Advisers
February 8, 2026
D&O Diary
Oracle Hit With Massive AI Infrastructure-Related Securities Suit
February 8, 2026
Reuters
Coca-Cola Nixes U.S. Frozen Products
February 5, 2026
Wall Street Journal
Paul Weiss Revolt Cost Chair’s Job
February 5, 2026
Bloomberg
Bitcoin Crashes Below $65,000
February 5, 2026
The Governance Beat
NYSE, SEC Align on Broker-Search Item
February 5, 2026
Deloitte Repoirt
Worry Over Private-Credit Risks Grows
February 5, 2026
Wall Street Journal
Nike Probed for Bias v. White Workers
February 4, 2026
Reuters
Bezos’ Washington Post Guts Staff
February 4, 2026
Dealbook
AI Construction Firm Raises $270 Mln
February 4, 2026
D&O Diary
Securities Suit Hits Private Credit Firm
February 4, 2026
Insurance Journal
Musk Loses Bid for Dismissal of SEC Lawsuit Over His Twitter Stake
February 4, 2026
Wall Street Journal
Disney Names Parks Chief New CEO
February 3, 2026
Bloomberg
CEOs Dislike Sucking Up to Presidents
February 3, 2026
Cleary M&A Watch
The Power of Proxy Advisers and Institutional Investors May Be Shifting
February 3, 2026
D&O Diary
Suit Claims AI-Washing Stock “Pump”
February 3, 2026
LinkedIn
When an SEC Emergency Is Not
February 3, 2026
Reuters
January Employment Report Delayed
February 2, 2026
Wall Street Journal
Musk Says Space X Acquired xAI
February 2, 2026
Freshfields' A Fresh Take
DOJ Antitrust Division Announces First-Ever Whistleblower Award
February 2, 2026
Sidley Enhanced Scrutiny
How Investor Activism Fared in 2025
February 2, 2026
D&O Diary
Chancery Allows Core De-SPAC Fiduciary Duty Claims to Proceed
February 2, 2026
Reuters
OPEC+ to Keep Oil Output Unchanged
February 1, 2026
Securities Litigation & Enforcement
Scotus to Review Disgorgement Power
February 1, 2026
Wall Street Journal
SEC Taps Ex-EY Partner to Run PCAOB
February 1, 2026
Bloomberg
SEC AI Plan May Strengthen Oversight
February 1, 2026
Business Law Prof Blog
The Latest in Reincorporations
February 1, 2026
Wall Street Journal
Apple Posts Blowout iPhone Sales
January 29, 2026
Bloomberg
Wells Fargo Boosts CEO Pay to $40 Mln
January 29, 2026
Reuters
Space X in Merger Talks With xAI
January 29, 2026
Pensions & Investments
House Committee OKs Bill to Create SEC Public Company Advisory Board
January 29, 2026
Yale Journal on Regulation
Is President Required to Appoint SEC Commissioners of Opposing Party?
January 29, 2026
Reuters
Fed Leaves Interest Rates Unchanged
January 28, 2026
Bloomberg
Starbucks Comeback Not Just Froth
January 28, 2026
Cleary Enforcement Watch
How SEC Enforcement Has Shifted
January 28, 2026
Cornerstone Research
Less SEC Crypto Enforcement Brings Lower Crypto Recoveries
January 28, 2026
Deal Lawyers.com
Delaware Chancery Addresses Aiding, Abetting Liability of Financial Advisers
January 28, 2026
Wall Street Journal
UPS to Cut 30,000 Jobs This Year
January 27, 2026
Cleary Enforcement Watch
France Adopts In-House Legal Privilege
January 27, 2026
Sidley Enhanced Scrutiny
Delaware Chancery Adds Caremark Twist to Bankruptcy Case
January 27, 2026
D&O Diary
Fourth Circuit: Shareholder Suit, SEC Probe “Logically and Causally” Linked
January 27, 2026
Deal Lawyers.com
House Subcommittee Mulls CFIUS
January 27, 2026
Bloomberg
Trump to Boost South Korea Tariffs
January 26, 2026
Wall Street Journal
Senate Chair Eyes Netflix-Warner Deal
January 26, 2026
New York Times
X Faces EU Probe of AI Sex Images
January 26, 2026
Deal Lawyers.com
SEC Issues Slew of New Interpretations
January 26, 2026
Corporate & Securities Law Blog
U.S. House Passes the INVEST Act
January 26, 2026
Dealbook
Interest in Law School Surging
January 25, 2026
Securities and Exchange Commission
Statement on PCAOB 2026 Budget
January 25, 2026
Bloomberg
SEC Drops Winklevoss Crypto Suit
January 25, 2026
Deal Lawyers.com
U.S. District Court in New York Rejects Disclosure Claims in Take Private Deal
January 25, 2026
Business Law Prof Blog
Nevada Commission Meets to Study Adjudication of Business Law Cases
January 25, 2026
Wall Street Journal
Trump Calls Off Tariffs on Europe
January 21, 2026
Bloomberg
EU Freezes U.S. Trade Deal Approval
January 21, 2026
The Governance Beat
Vanguard Updates Voting Policies
January 21, 2026
D&O Diary
Would Disclosure Deter AI-Washing?
January 21, 2026
Business Law Prof Blog
Delaware Supreme Court Sides With Moelis on Stockholder Agreement
January 21, 2026
Wall Street Journal
Bessent Turns Up Heat on Fed Chair
January 20, 2026
Bloomberg
Netflix Makes Warner Offer All Cash
January 20, 2026
New York Times
Prediction Markets on the Rise
January 20, 2026
D&O Diary
Chancery Says Board Failed to Respond to Sexual Misconduct “Red Flags”
January 20, 2026
Sidley Enhanced Scrutiny
Delaware Chancery Reminds Directors Not to Play Dirty
January 20, 2026
Reuters
NYSE-Parent Develops Platform for 24/7 Tokenized Securities Trades
January 19, 2026
Securities and Exchange Commission
McGranahan Named General Counsel
January 19, 2026
Bloomberg
Fraudster Should Win at Top Court
January 19, 2026
Wall Street Journal
Enforcers Turn Insider Trading on Head
January 19, 2026
Delaware Corporate & Commercial Litigation Blog
Key 2025 Delaware Corporate Rulings
January 19, 2026
Corporate & Securities Law Blog
NYSE Offers Listing Rules Changes
January 19, 2026
Federal Trade Commission
Hart-Scott-Rodino Thresholds Rise
January 15, 2026
Delaware Business Litigation Report
Chancery OKs Board-Breach Suit Over Whistleblower Claim Silence
January 15, 2026
Dealbook
A Crypto Revolt Against a Crypto Bill
January 15, 2026
Freshfields' A Fresh Take
Scotus Mulls Company Liability for Aiding Human Rights Violations
January 15, 2026
The Governance Beat
Can Institutional Investors Have a Fiduciary Duty Not to Vote Proxies?
January 15, 2026
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