Citing Supreme Court Case, Facebook Says FTC Lacks Authority To Sue For Antitrust

Mealey's (April 30, 2021, 12:41 PM EDT) -- WASHINGTON, D.C. — In an April 27 notice of supplemental authority in District of Columbia federal court, Facebook Inc. argues that the U.S. Supreme Court’s recent ruling in AMG Capital Management LLC v. FTC supports its motion to dismiss an antitrust lawsuit filed against it by the Federal Trade Commission, because it confirms that the Federal Trade Commission Act (FTC Act) does not give the commission authority to maintain the present suit....