Is The Consumer Welfare Standard On FTC's Chopping Block?
Law360 (June 29, 2021, 8:06 PM EDT) -- A 6-year-old single-page Federal Trade Commission policy statement is on the chopping block Thursday, and with its demise could come an effort to fundamentally rewrite the U.S. approach to antitrust jurisprudence by the agency's brand-new chair. FTC Chair Lina Khan raised more questions than she answered by announcing June 24 that the commission would vote in a week on whether to rescind a 2015 policy statement "in order to better align with the requirements set out by Congress to condemn 'unfair methods of competition.'" The FTC did not elaborate further. And exactly what it really means to rescind the statement may...  Stay ahead of the curve  In the legal profession, information is the key to success. You have to know whats happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. Access to case data within articles (numbers, filings, courts, nature of suit, and more.) Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc. Create custom alerts for specific article and case topics and so much more! TRY LAW360 FREE FOR SEVEN DAYS