On June 26, 2020, the Federal Trade Commission (“FTC”) entered into a settlement agreement that allowed Eldorado Resorts, Inc. (“Eldorado”) to acquire Caesars Entertainment Corporation (“Caesars”) for $17.3 billion.
Background
Eldorado agreed to acquire Caesars for $17.3 billion on June 24, 2019. Eldorado is a provider of casino entertainment and hospitality services, operating 23 casino
On May 5, 2020, the FTC approved AbbVie Inc.’s (“AbbVie”) $63 billion acquisition of Allergan plc (“Allergan”) on the condition that the merging parties divest three minor products. The consent agreement was approved by a 3-2 party line vote.
The FTC has a long history of scrutinizing transactions in the pharmaceutical industry, but Commissioners’ statements demonstrate that they are not
Beginning in March 2018, President Trump issued proclamations imposing duties on steel and aluminum imports into the United States. In response, one company filed a complaint last week alleging that the administration of these duties is unconstitutional. Thyssenkrupp Materials, NA, Inc. and several of its related operating divisions, filed a complaint with the Court of
McDonald’s arguments were limited because of past decision in Deslandes. In Deslandes, the court held that the plaintiff employees plausibly alleged that the franchises’ no-poach restraints could be found unlawful under a quick-look analysis so McDonald’s did not move to dismiss for failure to state a claim.
The Northern District court rejected McDonald’s argument that