⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Chamber of Commerce suit against U.S. FTC to be heard by Trump-nominated judge

Published 07/15/2022, 02:13 PM
Updated 07/15/2022, 02:16 PM
© Reuters. FILE PHOTO: Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo
ILMN
-

WASHINGTON (Reuters) - The Chamber of Commerce's lawsuit accusing the U.S. Federal Trade Commission of illegally refusing to turn over requested records will be heard by Judge Trevor McFadden, who was appointed by former President Donald Trump in 2017.

The Chamber, a trade group for U.S. businesses, sued on Thursday after being denied records regarding what the Chamber called "zombie" votes by departing FTC Commissioner Rohit Chopra, the agency's collaboration with Europe on a probe of the merger of biotech companies Illumina (NASDAQ:ILMN) and Grail, and the work that the current chair, Lina Khan, did for Chopra before she took over the agency's top post.

The Chamber had requested the records under the Freedom of Information Act.

© Reuters. FILE PHOTO: Signage is seen at the Federal Trade Commission headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo

McFadden's appointment by Trump suggests a conservative viewpoint that is often more supportive of business while favoring less regulation.

He is a conservative and a veteran of the Justice Department's Criminal Division.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.