FTC Won't Bar LabCorp's $58M Westcliff Tie-Up

Law360, New York (April 22, 2011, 4:22 PM EDT) -- The Federal Trade Commission on Friday withdrew its challenge of Laboratory Corp. of America Holdings' $58 million acquisition of Westcliff Medical Laboratories Inc. after losing an injunction bid in the Ninth Circuit.

The appeals court in March nixed the agency’s attempt to secure an emergency injunction keeping LabCorp from integrating with Westcliff, saying it would not hear the case until June. The decision put the FTC's administrative case over the deal on hold.

In December, the FTC sued to block the merger, saying it would leave...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.