Deals
Trump FTC Chief Vows to Review Criticism of Lax Deal Enforcement
- Simons touts his record bringing anticompetitive conduct cases
- Senate considering slate of four candidates for FTC seats
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President Donald Trump’s pick to lead the Federal Trade Commission said the agency needs to determine whether it has been too hands-off in letting mergers through, vowing a review of whether antitrust enforcement should get tougher.
Joseph Simons, a lawyer at Paul, Weiss, Rifkind, Wharton & Garrison LLP, said in response to questions from the Senate Commerce Committee that there are "significant concerns" that U.S. antitrust officials have been too permissive in merger reviews, leading to higher prices and reduced consumer choice.