President Yoon names the FTC chairman and the main prosecutor

In order to fill the months-long leadership void at the prosecution, President Yoon Suk-yeol on Friday accepted the appointment of Lee Won-seok as the first chief prosecutor of the administration.

Yoon also announced that Han Ki-jeong, a professor of law at Seoul National University, ha...

S. KOREA’S HANJIN HEAVY TO BE SOLD OFF TO DONGBU CORP.

Highlights –

• S. Korea’s Hanjin Heavy to be sold off to Dongbu Corp.
• The company’s shares ended low on Friday trading at 7,650 won.
• KDB, creditor of Hanjin Heavy will sell 66.85 percent of its stake in the company to Dongbu...

LINA KHAN LIKELY TO BE PRESIDENT BIDEN’S NOMINEE FOR POST OF COMMISSIONER AT FTC

Highlights

• According to the announcement made by the President Joe Biden, Lina Khan, Big Tech critic will be nominated for the post of the commissioner at the Federal Trade Commission (FTC)

• The appointment of Khan holds significance as it comes at a time when the...

FACEBOOK CHALLENGES THE US FTC'S LANDMARK ANTITRUST CASE

Highlights

• Along with challenging the case, Facebook has also asked a judge to shelve the case, and has called it ‘nonsensical’ in its complaint

• The Mark-Zuckerberg led company was accused by the FTC of anti-competitive behaviour and, had also urged t...

HUAWEI FILES LEGAL CHALLENGE TO US FTC'S DESIGNATION AS NATIONAL SECURITY THREAT

Highlights

• The FCC order exceeded statutory authority; violates federal law and the Constitution; is arbitrary, capricious, and an abuse of discretion said Huawei in a petition filed on Monday

• A day after filing this challenge, Huawei founder Ren Zhengfei express...

AMAZON BOUND TO PAY $62 MILLION TO SETTLE CHARGES FOR NOT PASSING ON TIPS TO DRIVERS

Highlights

• The people delivering those packages were independent workers and not Amazon employees

• Instead of paying them, Amazon hid all the customer tips from drivers and repeatedly tried to mislead them

• Amazon continued taking tips till 2019 bu...

U.S. COURT WON’T REHEAR ARGUMENTS AGAINST QUALCOMM

Highlights

• The US 9th Circuit Court of Appeals in a brief order said it would not rehear arguments over engagement of Qualcomm in anticompetitive patent-licensing practices to keep hold on the modem chip market

• Previously on August 11, a three-judge panel of the ...

KOREA TO EXERT FAIR PRACTISE LAWS TO OVERSEE BURGEONING E-COMMERCE MARKETPLACE

• Kim Jae-shin, vice-chairperson of the Fair Trade Commission of South Korea, said rules and regulations regarding the growing e-commerce platform businesses would continue to burgeon to maximize fair trade and competition at the Korea Herald Biz Forum held Tuesday.    &...

TWITTER GETS SERVED WITH FTC COMPLAINT: MIGHT LOSE $150.0 TO $250.0 MILLION

Highlights:

•     After the information from Twitter, its stock price went down by 1%

•     The complaint against twitter has been filed by FTC, the matter remains unresolved

Twitter has been sent a draft complaint by...

HHS HIV Drug Lawsuit

On November 6, 2019, the bonds between the U.S. government and pharmaceutical organizations were extended when the U.S. Branch of Health and Human Services ("HHS") recorded a patent encroachment claim against Gilead Sciences in Delaware government court concerning Gilead's famous HI...