focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

Three Justice antitrust officials on US FTC short list -sources

Thu, 18th Apr 2013 21:31

WASHINGTON, April 18 (Reuters) - Three women lawyers at theU.S. Justice Department's antitrust division are on the shortlist to fill a Democratic vacancy on the Federal TradeCommission, according to sources knowledgeable about theprocess.

The FTC normally has five commissioners and no more thanthree can be from the same party. The four incumbents includetwo Democrats and two Republicans.

The candidates are said to include Leslie Overton, formerlya partner at Jones Day and now a deputy assistant attorneygeneral; Terrell McSweeny, formerly on Vice President JoeBiden's staff and now chief counsel for competition policy atthe antitrust division; and Jamillia Ferris, formerly atCovington & Burling LLP and now the chief of staff at theantitrust division, the sources said.

Two sources also said that Melissa Maxman, from the law firmCozen O'Connor, was also on the short list. Maxman, a litigatorwho has been at the firm four years, is a co-chair of CozenO'Connor's Antitrust Practice Group.

The best known of the three and most likely pick appears tobe Overton, who has reportedly been on the short list forprevious top antitrust positions.

Overton, at the American Bar Association's spring antitrustmeeting this month, brusquely rebutted suggestions that therewere conflicts between President Barack Obama's health reform,which urges efficiency, and antitrust enforcement, which canreject mergers that would reduce competition.

The FTC's main mission is the promotion of consumerprotection and the elimination and prevention ofanti-competitive business practices.

The current vacancy was created when Edith Ramirez, a lawschool classmate of President Barack Obama, who was elevated tothe chairmanship after the departure of Jon Leibowitz inFebruary.

The commission's other Democrat is Julie Brill. Rounding outthe group are Republicans Maureen Ohlhausen and Joshua Wright.

McSweeny, Maxman, Overton and Ferris either declined commentor did not return telephone calls seeking comment. The FTC didnot immediately return a telephone call seeking comment.

The commission is in the process of considering several keymergers, including the proposed Office Depot Inc deal tobuy rival OfficeMax Inc ; Tesoro Corp's purchaseof a BP Plc refinery in gas-price sensitive California;and television ratings company Nielsen Holdings NV planto buy Arbitron Inc, which dominates radio ratings.

In the case of a 2-2 vote, no action is taken on the FTC'svarious cases. This has created concern the commission could bedeadlocked until a fifth member is appointed.

The agency also works on online privacy issues, which canpit companies against consumers and has tackled intellectualproperty issues, including the problem of companies with patentportfolios filing frivolous infringement lawsuits.

Obama will nominate the commissioner, but the position doesrequire Senate confirmation.

Related Shares

More News
16 May 2024 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher followin...

16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

16 May 2024 12:53

Costain says confident of long-term prospects amid contract wins

(Alliance News) - Costain Group PLC on Thursday said trading in the year to date is in line with expectations, underpinned by a number of contract win...

14 May 2024 21:40

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday they are satisfied that Venture Global LNG is trying to correct faults at the he...

14 May 2024 18:47

Federal regulators sign off Venture Global's repairs at Louisiana plant

HOUSTON, May 14 (Reuters) - U.S. federal regulators said on Tuesday that they are satisfied Venture Global LNG is trying to correct faults at its he...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.