Tag: Competition

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Joe Simons, Director of the Federal Trade Commission's Bureau of Competition, today announced the formation of the Merger Litigation Task Force, which will be headed by Michael Cowie, an Assistant Director in the Bureau of Competition. The Task Force will be responsible for reinvigorating the...
  In comments provided last week at the request of New York Governor George Pataki, staff of the Federal Trade Commission's Bureau of Competition and Office of Policy Planning noted that two pieces of currently pending legislation concerning retail gasoline prices and the operation of retail...
The Federal Trade Commission today announced a proposed consent order with Bayer AG (Bayer) and Aventis S.A. (Aventis) that will allow Bayer's proposed purchase of Aventis's subsidiary Aventis CropScience Holdings S.A.
The Federal Trade Commission today outlined the steps it has taken to assure competitive gasoline pricing in the United States. Testifying today before the House Government Reform Committee's Subcommittee on Energy Policy, Natural Resources and Regulatory Affairs, FTC General Counsel William E....
Staff of the Federal Trade Commission's Office of Policy Planning and Bureau of Competition today filed comments with the Commonwealth of Virginia's House of Delegates, at its request, regarding Senate Bill No. 458, "Below Cost Sales of Motor Fuels," saying that such legislation is unnecessary and...
The Federal Trade Commission today approved publication of a Federal Register notice seeking public comments on the use of disgorgement as a remedy for competition violations, including those involving the Hart-Scott-Rodino (HSR) Premerger Notification Act, FTC Act, and Clayton Act.
Resolving its competitive concerns regarding the proposed $6 billion merger of petroleum refiners Valero Energy Corporation (Valero) and Ultramar Diamond Shamrock Corporation (Ultramar), the Federal Trade Commission today announced a proposed consent order that would allow the transaction to...
The Federal Trade Commission today announced that it has formally closed its investigation into the proposed merger of Phillips Petroleum Corporation (Phillips) and Tosco Corporation (Tosco), announced by the companies on February 4, 2001. Both Phillips and Tosco have been formally notified of the...
Through a proposed consent agreement reached with the Federal Trade Commission and announced today, the $45 billion merger of Chevron Corp. (Chevron) and Texaco Inc. (Texaco), two of the world's largest integrated oil companies, would be allowed to proceed, with significant divestitures required to...
The Federal Trade Commission today announced the completion of its investigation of various marketing and distribution practices employed by the major oil refiners in Arizona, California, Nevada, Oregon, and Washington ("Western States"). After an almost three-year investigation, the Commission...
Federal Trade Commission Chairman Robert Pitofsky presented the Commission's testimony today before the Senate Subcommittee on Consumer Affairs, Foreign Commerce, and Tourism of the Committee on Commerce, Science, and Transportation concerning FTC merger enforcement in the gasoline industry. The...
After a nine-month investigation into the causes of the gasoline price spikes in local markets in the Midwest during the spring and summer of 2000, the Federal Trade Commission today announced its findings into the causes behind such price increases. While the Commission found no credible evidence...
The Federal Trade Commission has announced its decision not to seek further review in the Supreme Court of its case against the California Dental Association ("CDA"), and has returned the matter to adjudication and dismissed the complaint. The Commission vote was 5-0. Chairman Robert Pitofsky and...
The Federal Trade Commission today approved a $100 million settlement with Mylan Laboratories, Inc., the largest monetary settlement in Commission history. If the settlement is approved by the federal district court, Mylan will pay the money into a fund for distribution to injured consumers and...
Citing several violations of a 1995 Federal Trade Commission consent order, the U.S. Department of Justice (DOJ) has filed a complaint against Boston Scientific Corporation (BSC), on behalf of the Commission, seeking civil penalties and other equitable relief. According to the complaint, BSC failed...
The Federal Trade Commission today issued an interim report to Congress on its investigation into recent Midwest gas price increases that sets forth the reasons the Commission launched the investigation and provides a status report on the ongoing investigation, including progress to date and a...
Presenting Federal Trade Commission testimony today before the U.S. Senate Committee on Energy and Natural Resources regarding recent gasoline price increases in the Midwest, FTC Competition Director Richard G. Parker described several potential causes for the increases and assured Congress that...
Presenting Federal Trade Commission testimony today before the House of Representatives' Commerce Committee regarding recent gasoline price increases in the Midwest, FTC Chairman Robert Pitofsky described several potential causes for the increases and assured Congress that the Commission's...
Pitofsky issued the following statement today on Capitol Hill:

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