The National Association of Realtors has filed a petition to force @JusticeATR to go through on the settlement it reached last year to resolve the antitrust suit against the group.
“By its action, the DOJ thinks it should be free to reconsider the terms of an agreement at any time, for any reason – or no reason at all,” NAR President Charlie Oppler said.
The Trump DOJ reached a settlement agreement with NAR last year. The settlement required a public comment period and court approval justice.gov/opa/pr/justice…
In July, the antitrust division announced that it would withdraw from the settlement and reopen its probe. justice.gov/opa/pr/justice…
. @JusticeATR statement on FTC rescinding the vertical merger guidelines: "The Department of Justice is conducting a careful review of the Horizontal Merger Guidelines and the Vertical Merger Guidelines to ensure they are appropriately skeptical of harmful mergers. /1
"Both documents are designed to provide increased transparency and guidance to the public on how the department makes law enforcement decisions. The department’s review has already identified several aspects of the guidelines that deserve close scrutiny... /2
"and we will work closely with the FTC to update them as appropriate. The department continues to collaborate with the FTC on a robust public engagement process to seek comment on ways the Vertical Merger Guidelines could be improved. /3
Onward. FTC's Open Meeting starts in 25 mins with a new health app privacy statement, rescinding the VMGs and a peek at the little deals by Big Tech. politico.com/newsletters/mo…
Associate AG Vanita Gupta (DOJ no. 3) gave the keynote today at Georgetown #antitrust. Nothing super newsy in her remarks, but Gupta sought to reframe discussions about antitrust as economic justice
"Robust antitrust enforcement is critically important for advancing economic justice," she said.
"Too often, powerful companies exploit consumers and tilt the playing field in favor of the already powerful. But everyone deserves to benefit from a free, fair and competitive economy."
Confirmed. White House will nominate Georgetown's Alvaro Bedoya to the third D seat on the FTC. He will replace Rohit Chopra, who was nominated to head of the CFPB.
Back to this news, if Bedoya is confirmed, the FTC will be comprised of three former Senate Judiciary staffers -- Slaughter (Schumer), Phillips (Cornyn), Bedoya (Franken) and a House Judiciary staffer (Khan).