FTC Secures Justice for Thousand of Workers Abused by Noncompete Agreements in Important Milestone for the Agency
January 4, 2023 — The Federal Trade Commission today voted 3-1 to sue security guard firm Prudential Security, glass manufacturers Ardagh and Owens-Illinois, and two individuals for illegal noncompete restrictions they imposed on thousands of workers. In response to these actions, which mark the first time that the agency has sued to halt unlawful noncompete restrictions, the American Economic Liberties Project released the following statement.
Tim Wu’s White House Tenure Marks Historic Antimonopoly Shift
December 30, 2022 — The American Economic Liberties Project released the following statement in response to news that Tim Wu, special assistant to the president for competition and tech policy, would soon be leaving his role at the White House.
Microsoft’s Brad Smith is No Different Than Any Other Monopolist
December 23, 2022 — The American Economic Liberties Project released the following statement after Microsoft filed its response to the Federal Trade Commission's lawsuit to block the company's acquisition of Activision Blizzard.
CFPB’s $3.7B Settlement With Wells Fargo Sends a Clear Message to Corporate Wrongdoers
December 20, 2022 — In response to news that the Consumer Financial Protection Bureau is ordering Wells Fargo to pay $3.7 billion for a myriad of violations, including charging unlawful surprise overdraft fees, wrongfully foreclosing on homes, improperly denying mortgage modifications, and illegally repossessing vehicles, the American Economic Liberties Project released the following statement.
Omnibus Bill Marks Major Milestone for the Anti-Monopoly Movement
December 20, 2022 — The American Economic Liberties Project released the following statement in response to news that the Merger Filing Fees Modernization Act was included in the Senate’s omnibus spending bill.