Economic Liberties Requests the SEC to Investigate Apple for Violating Securities Act and Federal Security Laws
September 26, 2023 — The American Economic Liberties Project sent a letter today to the Securities and Exchange Commission to request that they investigate Apple Inc. to determine whether the company has violated the antifraud provisions of Section 17(a)(2) and (3) of the Securities Act of 1933, as well as certain reporting provisions of the federal securities laws.
Google’s Secretive Search Deal With TikTok Is Yet Another Example of Its Search Monopoly
September 22, 2023 — On September 21, Insider revealed a search partnership between TikTok and Google for Google to become a search option within the TikTok app. This is a significant development given Google is in a federal courtroom defending itself in a trial initiated by the Department of Justice which argues that the $1.7 trillion company illegally locks out its competitors in the search engine market. In response, the American Economic Liberties Project released the following statement.
FTC Stands Up For Anesthesiology Patients in Texas
September 21, 2023 — Following news that the Federal Trade Commission has filed a lawsuit against U.S. Anesthesia Partners (USAP) and private equity firm Welsh, Carson, Anderson & Stowe alleging that the two monopolized the anesthesiology market in Texas through serial acquisitions, price-setting schemes, and a market allocation agreement, the American Economic Liberties Project released the following statement.
Attorney General Garland Commits to Strengthening Antitrust Division and Curbing Concentrated Corporate Power
September 20, 2023 — In an exchange at the an oversight hearing today in the House Judiciary Committee, Department of Justice Attorney General Merrick Garland publicly committed to returning $50 million in appropriations funding from merger filing fees back to the Antitrust Division, after being probed by Representative Ken Buck, one of Congress’ most stalwart advocates for robust antitrust enforcement. In response, Economic Security Project Action and the American Economic Liberties Project released the following statement.
FTC Holds Amazon Execs Personally Accountable For Deceptive Practices
September 18, 2023 — In response to news that the Federal Trade Commission has named three Amazon executives in an amended complaint against the company’s use of deceptive patterns to make it near-impossible for users to unsubscribe from Amazon Prime, the American Economic Liberties Project released the following statement.