Category: Justice Department

Ticketmaster Cast as a Powerful ‘Monopoly’ at Senate Hearing

The New York Times – Music:
The Judiciary Committee, responding to the bungled sale of Taylor Swift concert tickets, heard the company apologize and its critics trace the problem to the industry’s lack of competition.
U.S. Accuses Google of Abusing Monopoly in Ad Technology

The New York Times – Business:
The Justice Department’s antitrust lawsuit, which a group of states joined, was the fifth against the company since 2020.
Justice Department Investigating Abbott Infant Formula Plant

The New York Times – Business:
Abbott shut down production at the plant last year amid “shocking” sanitation lapses, touching off a disruptive infant supply formula shortage.
Russian Citizen Accused of Running Cryptocurrency Exchange Used by Criminals

The New York Times – Business:
The charges were part of an intensifying effort by federal law enforcement agencies, in conjunction with European partners, to combat international cryptocurrency schemes and illegal transactions.
SEC Fines Steve Easterbrook, McDonald’s Ex-CEO

The New York Times – Business:
The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.
Tim Wu, Architect of Biden Antitrust Push, to Leave White House

The New York Times – Business:
Tim Wu has been a leading proponent of a more aggressive approach to reining in the power of big business.
Justice Dept. Sues AmerisourceBergen Over Role in Opioid Crisis

The New York Times – Business:
Investigators said the pharmaceutical manufacturer, one of the nation’s largest, had knowingly distributed opioids that were later resold illegally.
Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal

The New York Times – Business:
Lawyers for the FTX founder are in talks about a deal that could allow him to be released on bail when he is extradited to the United States on fraud charges.
Sam Bankman-Fried Is Expected to Agree to Extradition to the U.S.

The New York Times – Business:
The FTX founder, now in prison in the Bahamas, faces criminal charges that he engaged in widespread fraud since founding the cryptocurrency exchange in 2019.
A Group of ‘FinTwit’ Influencers Faces Stock Fraud Charges

The New York Times – Business:
The conspirators used podcasts and social media to talk up stock prices to their large followings, then sold their shares, according to court filings by the S.E.C. and the Justice Department.
FTX’s Sam Bankman-Fried Arrested in the Bahamas, Officials Say

The New York Times – Business:
A statement by the government of the Bahamas said Mr. Bankman-Fried was arrested after prosecutors in the United States filed criminal charges.
Why Losing to Meta in Court Could Still Be a Win for Antitrust Regulators

The New York Times – Business:
As the Federal Trade Commission prepares to face off in court against Meta over a V.R. start-up deal, the agency is testing a novel argument as part of a strategy to push antitrust law.