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Consent Order

Legal news related to Consent Order

6 articles

Regulatory
•4 min read

FTC Bans Building Contractor's No-Hire Agreements in NY, NJ Markets

The Federal Trade Commission finalized a consent order requiring Adamas Amenity Services LLC to stop enforcing no-hire agreements that prevented property owners from hiring its workers. The action eliminates anticompetitive labor practices that restricted workers' ability to negotiate better wages and working conditions.

•FTC banned Adamas from enforcing no-hire agreements that penalized property owners for hiring its workers
•The agreements restricted workers in New York and New Jersey from negotiating better wages and working conditions
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Regulatory
•4 min read

FTC Orders Sevita to Divest 128 Care Facilities in $835M Merger

The Federal Trade Commission has required Sevita Health to divest 128 intermediate care facilities across Indiana, Louisiana, and Texas to resolve antitrust concerns over its proposed $835 million acquisition of BrightSpring Health Services' community living business. The action prevents the consolidation of the two largest national providers of residential services for individuals with intellectual and developmental disabilities.

•FTC requires Sevita Health to divest 128 intermediate care facilities across Indiana, Louisiana, and Texas
•Divestiture resolves antitrust concerns over $835 million acquisition of BrightSpring's community living business
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Regulatory
•4 min read

FTC Approves $1.57B ACT-Giant Eagle Deal with Required Divestitures

The Federal Trade Commission approved a final consent order allowing Alimentation Couche-Tard Inc. to complete its $1.57 billion acquisition of 270 Giant Eagle fuel outlets. The settlement requires ACT to divest 35 stations to preserve competition and prevent higher fuel prices.

•ACT must divest 35 fuel stations to Majors Management, LLC to complete the $1.57 billion Giant Eagle acquisition
•The FTC voted 2-0 to approve the final consent order after determining the merger could harm competition
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Regulatory
•4 min read

FTC Denies Quantum Energy Bid to Overturn $5.2B EQT Deal Order

The Federal Trade Commission rejected Quantum Energy Partners' petition to reopen a 2023 consent order restricting its $5.2 billion investment in natural gas producer EQT Corporation. The FTC determined Quantum failed to demonstrate sufficient grounds to justify overturning the antitrust settlement.

•FTC unanimously rejected Quantum Energy's petition to overturn 2023 consent order restricting its $5.2 billion EQT investment
•Original deal raised antitrust concerns about market concentration between competitors in Appalachian Basin natural gas production
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Regulatory
•4 min read

FTC Approves $13.5B Omnicom-IPG Merger With Ban on Political Ad Boycotts

The Federal Trade Commission approved a final consent order allowing Omnicom Group's $13.5 billion acquisition of Interpublic Group to proceed, but with strict conditions preventing the merged entity from denying advertising dollars to media publishers based on political or ideological viewpoints.

•FTC approves $13.5 billion Omnicom-IPG merger with modified consent order after public comment period
•Final order prohibits denying advertising dollars to media publishers based on political or ideological viewpoints
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Regulatory
•4 min read

CFPB Amends Consent Order with Wise Over Fee Disclosure Violations

The Consumer Financial Protection Bureau amended its January 30, 2025 consent order with international remittance company Wise, addressing violations related to inaccurate fee advertising and inadequate disclosure of exchange rates and transfer costs.

•CFPB amended January 30, 2025 consent order with Wise over remittance disclosure violations
•Original settlement addressed inaccurate fee advertising and inadequate exchange rate disclosure
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