Antitrust Law Daily Wrap Up, WORTH NOTING—Other Antitrust and Trade Regulation developments, (Apr 20, 2016)
Organizations Mentioned:International Franchise Association | SandRidge Energy, Inc. | U.S. Department of Justice | U.S. Department of Labor
A periodic roundup of other items of interest to the Antitrust and Trade Regulation community:
ANTITRUST NEWS: Oil and gas producer SandRidge Energy, Inc. informed investors that the U.S. Department of Justice (DOJ) was no longer investigating the company for possible antitrust violations related to its purchase or lease of land, oil, or natural gas rights from 2012 and prior years. The announcement, which appeared in the company’s Form 8-K filing with the Securities and Exchange Commission, stated that the department ended its grand jury investigation on April 14. SandRidge previously disclosed that in December 2013, it had received a subpoena from the DOJ concerning its investigation into the oil and natural gas industry.
FRANCHISING & DISTRIBUTION NEWS: The International Franchise Association (IFA) has praised Representative Bradley Byrne (R-Ala.) for introducing a joint resolution that would block implementation of the final rule of the U.S. Department of Labor relating to the Interpretation of the ‘Advice’ Exemption in Section 203(c) of the Labor-Management Reporting and Disclosure Act. The joint resolution, H. J. Res. 87, would prevent the department’s “persuader rule” from changing long-standing labor policy and make it more difficult for franchise small business owners to seek legal advice on labor law matters. According to an IFA statement, the rule would “add further barriers and heavy costs to small business ownership.”
Companies: SandRidge Energy, Inc.
News: Antitrust FranchisingDistribution