Tag: federal trade commission
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Federal government weighs in on Texas antitrust suit against Big Three
The U.S. Department of Justice and Federal Trade Commission filed a statement of interest last week in an 11-state, Texas-led lawsuit alleging BlackRock, State Street, and Vanguard colluded to suppress coal production, violating antitrust laws. The statement argued ESG-related coordination among asset managers could raise valid antitrust concerns. Republican-led, energy-producing states like Texas have long…
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President Trump fires the two Democratic FTC commissioners
On March 18, 2025, the Trump Administration sent letters to the two Democratic Commissioners on the Federal Trade Commission (FTC) saying that they were removed as commissioners effective immediately. At least one of the letters stated that the commissioner’s “continued service on the F.T.C. is inconsistent with my administration’s priorities.” There are two active Republican…