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FTC Hosts Workshop on Noncompete Agreements

Date
WHAT: The FTC will host a workshop on employee noncompete agreements, which will include public statements from FTC Commissioners, victims of unfair and anticompetitive noncompete agreements, and...

Facebook, Inc., FTC v. (FTC v. Meta Platforms, Inc.)

The Federal Trade Commission has sued Facebook, alleging that the company is illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct. The complaint alleges that Facebook has engaged in a systematic strategy—including its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp, and the imposition of anticompetitive conditions on software developers—to eliminate threats to its monopoly. The Commission vote to authorize staff to file for a permanent injunction and other equitable relief in the U.S. District Court for the District of Columbia was 3-2. Commissioners Noah Joshua Phillips and Christine S. Wilson voted no.

Type of Action
Federal
Last Updated
FTC Matter/File Number
191 0134
Case Status
Pending

Henkel, A-Paint

The Federal Trade Commission sued to block Henkel AG & Co. KGaA (Henkel), the manufacturer of the industry-leading Loctite brand construction adhesives, from acquiring Loctite’s main competitor, Liquid Nails. The FTC alleges that the merger would eliminate fierce competition between Loctite and Liquid Nails, leading to higher prices, lower quality, and reduced innovation, all of which would be detrimental to American consumers.

Type of Action
Administrative
Last Updated
Case Status
Pending