FTC Drops Appeal Of LabCorp Merger Challenge

Law360, New York (March 24, 2011, 4:29 PM EDT) -- The Federal Trade Commission on Thursday dropped its Ninth Circuit appeal seeking to block Laboratory Corp. of America from integrating with recently acquired Westcliff Medical Laboratories Inc., and put an administrative case over the $58 million deal on hold.

The commission voted 4-1 to withdraw its appeal to the U.S. Court of Appeals for the Ninth Circuit, which refused the agency's bid for an emergency injunction on March 15 and said it would not hear the case until early June.

Commissioner Julie Brill dissented from Tuesday's...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.