Posted by Government Executive
Federal Hurricane Response Expands to Antitrust, Fraud Prevention
By Charles S. Clark
The Justice Department and the Federal Trade Commission on Tuesday released guidance to help businesses investing in helping rebuild southern communities ravaged by hurricanes Harvey and Irma.
But the guidance also contains warnings against anti-competitive agreements that “take advantage” of victims or those engaged in relief efforts. “The Department of Justice will criminally prosecute companies that fix prices, rig bids or allocate customers, and the Federal Trade Commission will investigate and take action against companies and individuals who violate the consumer protection laws,” Justice said in a statement.
In such emergencies, “The antitrust laws accommodate procompetitive collaborations among competitors,” the agencies said.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI