FTC's $195M Phoebe Merger Row Remanded By 11th Circ.

Law360, New York (April 26, 2013, 2:12 PM EDT) -- The Eleventh Circuit on Friday sent the Federal Trade Commission's antitrust challenge of Phoebe Putney Health System Inc.'s now-consummated $195 million acquisition of a nearby rival back to district court, a ruling that follows the FTC's push for a quick remand.

U.S. Circuit Judge Gerald B. Tjoflat signed an order remanding the case to a Georgia federal district court “as soon as practicable.” The order grants an April 18 motion, in which the FTC argued the case should be swiftly returned to the lower court so...
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