Biden FTC’s Deal Program Overhaul Hit With US Chamber Lawsuit

Business groups led by the US Chamber of Commerce sued the Federal Trade Commission to block a rule that will require companies seeking mergers and acquisitions to share substantially more information with US antitrust agencies.

The powerful lobbying groups brought the lawsuit Jan. 10 in the US District Court for the Eastern District of Texas, just weeks before the regulation is set to go into effect and as the FTC gets ready to undergo a leadership shakeup.

The regulation goes beyond the FTC’s authority, the groups argued, asking the court to prevent it from taking effect. The FTC declined to ...