FTC's 2nd Round Facebook Win A Warning To Other Acquirers
By Bryan Koenig (January 13, 2022, 8:06 PM EST) -- The Federal Trade Commission has a new roadmap for its antitrust case accusing Facebook of illegally maintaining a monopoly over personal social networking, after a D.C. federal judge said the agency's amended complaint plausibly backs claims of the social media giant's market dominance.
U.S. District Judge James E. Boasberg's rejection of Facebook's dismissal bid is a major milestone for the case, in which the FTC accuses Facebook of acquiring Instagram and WhatsApp as part of a pattern to maintain its monopoly position. But the ruling is also a warning to other companies that closed deals long ago that enforcers now might...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!