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TechREG & Antitrust

FTC Reconsiders Boardroom Bans Tied to Exxon, Chevron Oil Mergers

 |  Apr 13, 2025

The U.S. Federal Trade Commission (FTC) is reevaluating restrictions placed on two high-profile oil mergers, potentially paving the way for prominent energy executives to join the boards of Exxon Mobil and Chevron. These conditions, initially imposed to curb potential coordination with OPEC, were central to the Biden administration’s approval of…

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Meta Faces Major Antitrust Trial as FTC Challenges Its Social Media Empire
 |  Apr 13, 2025

 A high-stakes legal battle between the Federal Trade Commission and Meta Platforms Inc. begins this week, marking a pivotal moment in the U.S. government’s efforts to rein in Big Tech. The antitrust trial, which kicks off Monday in a Washington courtroom, stems from a nearly six-year investigation into Meta’s acquisitions…

Yoon & Yang Strengthens Antitrust Practice with Former KFTC Deputy Director
 |  Apr 13, 2025

South Korean law firm Yoon & Yang has expanded its antitrust and competition practice with the addition of Chiyeol Kim, a former deputy director of the Korea Fair Trade Commission (KFTC), as a new partner in its Seoul office. Kim brings nearly a decade of regulatory experience from his time…

Ireland Launches Probe into X Over AI Data Practices in the EU
 |  Apr 13, 2025

Ireland’s Data Protection Commission (DPC) has initiated a formal investigation into the social media platform X, formerly known as Twitter, regarding its use of European users’ personal data to train its artificial intelligence system, Grok. The move places renewed regulatory pressure on the company amid growing scrutiny over how tech…

Canada Probes Express Scripts Over Alleged Anti-Competitive Conduct
 |  Apr 13, 2025

Canada’s Competition Bureau has initiated a formal investigation into Express Scripts, the pharmacy services division of U.S.-based health insurer Cigna, over concerns that its business practices may be undermining competition in the nation’s pharmaceutical retail sector. According to Reuters, the bureau is examining whether Express Scripts engaged in “patient steering,” a…

New York Attorney General Urges Federal Cryptocurrency Regulation
 |  Apr 10, 2025

New York Attorney General Letitia James called on lawmakers Thursday to prioritize the creation of a federal framework for regulating cryptocurrencies, highlighting the urgent need for stronger protections for digital asset investors. In a letter addressed to key members of Congress, including Senate Majority Leader John Thune and House Speaker…

Procter & Gamble Under EU Antitrust Scrutiny Alongside Coca-Cola Bottlers
 |  Apr 10, 2025

Procter & Gamble, the multinational company behind well-known brands like Tide detergent, has emerged as one of the targets in a European Union antitrust investigation launched in March, according to Reuters, citing a Bloomberg report that referenced individuals familiar with the inquiry. The probe, initiated by the European Commission, centers around…

Judge Allows Burger King Employee Antitrust Case to Proceed
 |  Apr 10, 2025

A federal judge in Miami has ruled that Burger King must contend with a lawsuit claiming the fast food chain unlawfully limited employee movement and suppressed wages across its franchise network. The decision marks a significant development in a case that has been ongoing since 2018. According to Reuters, U.S. District…

Jazz Pharmaceuticals Reaches $145M Antitrust Deal
 |  Apr 10, 2025

Jazz Pharmaceuticals has agreed to a $145 million settlement to address longstanding antitrust allegations related to its blockbuster narcolepsy treatment, Xyrem. The pharmaceutical company reached a deal this week with a group of indirect purchasers who accused Jazz of engaging in an anti-competitive “pay-for-delay” scheme, Fierce Pharma reported. The plaintiffs…

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