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Byline: Jaret Seiberg
WASHINGTON -- Joe Simons, director of the Federal Trade Commission's Bureau of Competition, said Sept. 17 the agency is prepared to fight anti-competitive mergers in court. He also suggested that several challenges to smaller transactions could be announced in the coming weeks.
"We are hoping we will have a significant amount of litigation, perhaps more than in the past," Simons said a "brown bag" lunch sponsored by the American Bar Association's antitrust section.
To prepare for potential legal challenges, the FTC has recruited skilled litigators to fill senior jobs in the competition bureau, Simons said.
For mergers exempt from Hart-Scott-Rodino Act notification requirements because they are valued at less than $50 million, the agency has a team of lawyers scouring press reports to identify combinations that raises antitrust issues.