FTC Hits Epic With Largest Fine in History for Its Use of Dark Patterns Against Children
December 19, 2022 — The American Economic Liberties Project released the following statement in response to news that the Federal Trade Commission has secured agreements requiring Epic Games, Inc. to pay $520 million in relief for violations of the Children’s Online Privacy Protection Act (COPPA) and its use of dark patterns to trick players into making unintentional purchases.
Washington State Supreme Court Steps in to Review Wall Street’s $4B Cash Grab in Kroger-Albertsons Deal
December 16, 2022 — On Friday, December 16, the Washington State Supreme Court granted a further stay of Albertsons’ $4 billion special dividend payout to investors, to allow for further review of the anticompetitive effects. The Supreme Court granted this review on the basis that the Superior Court had committed an obvious or probable error by refusing to enjoin the payout. The American Economic Liberties Project released the following statement.
Schumer’s Legacy is On the Line
December 16, 2022 — The American Economic Liberties Project released the following statement as Senate leadership negotiates a legislative framework for the omnibus spending bill.
Serial Acquisitions Are Every Bit As Corrosive As Big, High Profile Mergers
December 15, 2022 — The American Economic Liberties Project released a new report, “The Roll-up Economy: The Business of Consolidating Industries With Serial Acquisitions,” today, which examines how repeated small acquisitions lead to industry consolidation and can harm consumers, suppliers, workers and competition itself.
Economic Liberties Argues That Gensler Got It Right on Crypto
December 13, 2022 — The American Economic Liberties Project today released a new policy Quick Take, “Gary Gensler Got It Right,” highlighting how Securities & Exchange Commission (SEC) Chair Gensler helped contain the crypto meltdown and protect the real economy from its effects.