Thom Lambert Profile picture
Author of How to Regulate; Mizzou Law prof (antitrust, corporations, and regulatory matters); Pilgrim
Nov 5, 2021
This is unbelievable. @FTC staffers are opposing a request by a group of professors (including me) to file an amicus brief in its administrative challenge to the Illumina/Grail merger.🧵 ftc.gov/system/files/d… The staffers insinuate that we amici have been bought off by the merging parties and that our views should therefore be ignored. As an initial matter, it’s awfully rich for FTC to cry bias in an administrative proceeding in which it acts as both prosecutor and judge. Moreover,
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Feb 4, 2021
My former colleague @HawleyMO, whom I recruited to Mizzou Law and consider a friend, penned this @firstthingsmag piece. He argues that Robinhood’s restriction on GameStop trading was a Big Tech conspiracy to hold down the little guy. A few thoughts. 1/x firstthings.com/web-exclusives… @HawleyMO is lying. I hate to say that of a friend, but it’s true. He’s saying things he knows are false. As many have explained, Robinhood halted certain trading to deal with a liquidity crisis. He knows there was no conspiracy to protect hedge funds. 2/x google.com/amp/s/www.wsj.…
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Dec 7, 2019
1/6 - So many bad ideas in @ewarren’s antitrust proposal. Most of the chatter so far has been on the merger prohibitions, but as this article shows, there’s much more. Some thoughts on a couple of provisions: google.com/amp/s/www.cnbc… 2/6 - According to the article, the bill reverses Trinko and saddles dominant firms with a duty to share essential facilities (incl data?) with their rivals. This would impair dynamic efficiency by reducing the incentive to create valuable amenities in the first place.
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Jun 18, 2019
What do @HalSinger, @geoffmanne, @RichardAEpstein, Keith Hylton, and yours truly have in common? We all believe @FTC blew it in its 1-800 Contacts decision. We joined @WLF to ask the 2nd Cir to vacate FTC’s order. truthonthemarket.com/2019/06/18/the… In settling trademark disputes, 1-800 and some rivals agreed not to bid on search ads keyed to each other’s trademarks. FTC said this was “inherently suspect” and condemned it under the “quick look” approach. Two problems with that:
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