A PYMNTS Company

US: Former FTC chairman Leibowitz says he resisted Democratic pressure

By  |  April 16, 2013
US: Former FTC chairman Leibowitz says he resisted Democratic pressure

Speaking at the American Bar Association’s spring antitrust meeting Thursday, former Federal Trade Commission chairman Jon Leibowitz said he resisted pressure from the Democratic party to block corporate mergers as part of a political agenda. Leibowitz remarked that lawmakers in Congress expected the former chairman to block some mergers and singled out a particular case concerning pharmacy benefit mergers that earned criticism from politicians. Specifically, the merger between Express Scripts Inc. and its competitor Medco Health Solutions Inc., which combined two of the three leaders of the industry, was approved in April of last year by the FTC to the dismay of Congress; Leibowitz described the deal as an example of how the FTC resisted political pressure as lawmakers contacted the authority to block the merger.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Thomson Reuters

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.