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That's an in-house complaint before the FTC's own judge. I'm talking about a request for a preliminary injunction in Federal district court in front of a real j
by granzymes 3y ago
That's an in-house complaint before the FTC's own judge. I'm talking about a request for a preliminary injunction in Federal district court in front of a real judge. The FTC doesn't have the authority to block a transaction unless they're in an Article III court; their in-house proceedings can only unwind a transaction after it closes.
- pvg 3y agoWell, you asked if the FTC did anything and they definitely did something. What credit they can claim for the eventual outcome is a different discussion but the answer to 'did they do anything' appears to be 'yes'.
- granzymes 3y agoSorry, I should have made clear I meant "do anything to block the merger." That's what my reference to a preliminary injunction was about, but I realize this is a tech forum and not a law forum so I should have clarified.
- wolverine876 3y agoThe FTC's action certainly deters behavior. You don't need an actual court order and armed marshalls.