US antitrust enforcers are preparing a lawsuit seeking to block fashion company Tapestry Inc.’s $8.5 billion planned takeover of Capri Holdings Ltd., according to a person with knowledge of the matter.
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FTC Preparing Objections to Tapestry Deal for Capri, NYT SaysUS regulators are moving to block fashion company Tapestry Inc.’s $8.5 billion planned takeover of Capri Holdings Ltd., the New York Times reported, citing people with knowledge of the matter.
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MGM Resorts Sues FTC to Block Data Security ProbeMGM Resorts International has filed a lawsuit against the U.S. Federal Trade Commission (FTC) to prevent an investigation into the impact of a major hack on its data security. The casino operator argues that it is not subject to FTC rules governing consumer financial data as it is not a financial institution. The lawsuit also claims that FTC Commissioner Lina Khan, who was reportedly staying at an MGM hotel during the hack, should recuse herself due to personal involvement.
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FTC Asks Congress for Authority to Try Its Own Consumer CasesThe US Federal Trade Commission is asking Congress to change the law so it can handle its own privacy settlements and other consumer protection cases that it’s currently forced to refer to the Justice Department.
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MGM Resorts Sues US FTC to Stop Investigation of Casino HackMGM Resorts International sued the Federal Trade Commission to stop an investigation into how it dealt with a cybersecurity attack last year.
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Kroger-Albertsons Hearing Scheduled in Colorado Before Start of FTC CaseA Colorado court scheduled a preliminary injunction hearing on supermarket giant Kroger Co.’s proposed acquisition of rival Albertsons Cos. in mid-August, before a US government antitrust challenge to the deal.
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Qualcomm Ends Autotalks Deal Over Antitrust Concerns, FTC SaysQualcomm Inc. abandoned a deal to buy semiconductor firm Autotalks Ltd. after regulators expressed antitrust concerns, the US Federal Trade Commission said in a statement Monday.
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