• FTC Revises Rules of Practice: FTC Amends its Rules to Allow Parties that Defeat an FTC Request for Injunctive Relief in Federal Court to Automatically Stay Related Administrative Proceedings Pending an FTC Decision on Whether to Proceed Administratively in Light of the Federal Court Decision
  • April 6, 2015 | Authors: Steven L. Holley; Daryl A. Libow; Joseph J. Matelis; Adam S. Paris; Yvonne S. Quinn
  • Law Firm: Sullivan & Cromwell LLP - New York Office
  • The FTC has the authority to challenge mergers in an FTC administrative proceeding, but does not have the authority to preclude the merging parties from closing their transaction once the statutory Hart-ScottRodino waiting period has expired.