Company Overview of Federal Trade Commission
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Washington, DC 20580
Key Executives for Federal Trade Commission
Chair of Covington's Antitrust and Consumer Law Practice Group
Compensation as of Fiscal Year 2014.
Federal Trade Commission Key Developments
Federal Trade Commission Approves Final Order Preserving Future Competition in the Market for Drug-coated Balloon Catheters Used to Treat Peripheral Artery Disease
Jan 21 15
The Federal Trade Commission has approved a final order settling charges that Medtronic, Inc.'s $42.9 billion acquisition of Covidien plc would likely be anticompetitive. Under the order, first announced in November 2014, the companies agreed to sell Covidien's drug-coated balloon catheter business to a Colorado-based medical device company, The Spectranetics Corporation. According to the complaint, Medtronic and Covidien were developing products to compete with C.R. Bard, Inc., the only U.S. supplier of drug-coated balloon catheters used to treat peripheral artery disease.
Federal Trade Commission Approves Final Order Barring Blue Rhino and AmeriGas Cylinder Exchange from Restraining Competition
Jan 10 15
Federal Trade Commission has approved final orders settling charges that Blue Rhino and AmeriGas Cylinder Exchange illegally colluded to push Walmart, a key customer, to accept a reduction in the amount of propane in exchange tanks. Under the settlements, each company is barred from agreeing with competitors to modify fill levels or otherwise fix the prices of exchange tanks, and from coordinating communications to customers. The FTC's administrative complaint alleges that, together, Blue Rhino and AmeriGas controlled approximately 80% of the market for wholesale propane exchange tanks in the United States. In 2008, Blue Rhino and AmeriGas each decided to implement a price increase by reducing the amount of propane in their exchange tanks from 17 pounds to 15 pounds, without a corresponding reduction in the wholesale price. Faced with resistance from Walmart, the two companies colluded by secretly agreeing to coordinate their negotiations with Walmart in order to push it to accept the fill reduction. The agreement between Blue Rhino and AmeriGas to maintain a united front against Walmart had the effect of raising the price per pound of propane sold to Walmart, and likely to the ultimate consumers.
Federal Trade Commission Approves Final Order Settling Charges Against Snapchat
Dec 31 14
The Federal Trade Commission has approved a final order settling charges that Snapchat deceived consumers with promises about the disappearing nature of messages sent through the service. According to the FTC’s complaint, which was first announced in May, 2014, Snapchat also deceived consumers over the amount of personal data it collected and the security measures taken to protect that data from misuse and unauthorized disclosure. The settlement with Snapchat is part of the FTC’s ongoing effort to ensure that companies market their apps truthfully and keep their privacy promises to consumers. It prohibits Snapchat from misrepresenting the extent to which it maintains the privacy, security, or confidentiality of users’ information. In addition, the company will be required to implement a comprehensive privacy program that will be monitored by an independent privacy professional for the next 20 years. The Commission vote approving the final order and letters to members of the public who commented on them was 5-0. (FTC File No. 132-3078; the staff contacts are Allison Lefrak, 202-326-2804, and Nithan Sannappa, 202-326-3185).
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