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ARTICLE · 23 OCTOBER 2023

FTC Updates (October 09 – October 13, 2023)

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This week, the FTC announced activity focused on junk fees, companies deceiving and misleading consumers in negative options, and consumer background reporting. These stories and more after the jump.

United StatesConsumer Protection
Kristin Madigan
Kristin Madigan
Darianne Young
Darianne Young

This week, the FTC announced activity focused on junk fees, companies deceiving and misleading consumers in negative options, and consumer background reporting. These stories and more after the jump.

Wednesday, October 10, 2023

Bureau of Competition: Merger; Energy; Natural Gas

  • The Federal Trade Commission ("FTC") finalized a consent order preventing Quantum Energy Partners and EQT Corporation, competitors in the production and sale of natural gas in the largest natural gas-producing region in the United States, from exchanging confidential and competitively sensitive information in a $5.2 billion cash-and-stock acquisition. The proposed acquisition would have resulted in Quantum becoming one of EQT's largest shareholders and receiving a seat on EQT's board of directors, which would have harmed competition in the natural gas and energy industries. The order prohibited Quantum from occupying an EQT board seat, required Quantum to divest its EQT shares,

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