Category: Justice Department

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.
FTX Assets Still Missing as Firm Begins Bankruptcy Process

The New York Times – Business:
A substantial amount of the company’s assets are missing, an FTX lawyer told a bankruptcy judge on Tuesday.
Penguin Random House-Simon & Schuster Deal Collapses, Breaking Pattern in Publishing

The New York Times – Business:
The deal to acquire Simon & Schuster would have made the buyer, Penguin Random House, even larger, and reduced the number of big publishers in the U.S. to four.
Hundreds of Twitter Workers Quit as Musk Demands Loyalty

The New York Times – Business:
Hundreds of workers decided to leave the troubled social network, after Elon Musk demanded employees commit to a new “hard core” work environment.
LIV Golf Threw a Sport Into Chaos. It Also Changed It.

The New York Times – Sports:
The Saudi-backed golf series, which will expand next year, has forced the PGA Tour to redesign its economic model. The drama between the two golf entities seems far from over.
Augusta National and U.S.G.A. Drawn Into Justice Department Antitrust Inquiry

The New York Times – Sports:
The Justice Department is investigating the PGA Tour for anticompetitive behavior in its dealings with LIV Golf, the breakaway Saudi-backed league.