Tennessee Attorney General Herbert Slatery, along with ten other Attorneys Generals, joined the Federal Trade Commission (FTC) today in seeking a temporary restraining order and preliminary injunction to prevent the proposed merger of Sysco and US Foods pending the FTC's administrative proceeding. The States and the FTC allege the merger would violate antitrust laws by significantly reducing competition nationwide and in 32 local markets for broadline foodservice distribution services, and that foodservice customers, including restaurants, hospitals, hotels, and schools, would likely face higher prices and diminished services.
"The proposed merger would result in one foodservice distributor controlling 81% of the distributor market in Memphis," Attorney General Slatery said. "This would have an obvious and adverse effect on businesses and consumers in the Memphis area so today Tennessee has joined the FTC and the other states to protect Tennessee's interest in maintaining a competitive market in this industry segment."....read the Sysco, US Foods release.
Tennessee Attorney General Herbert Slatery announced today that Tennessee, the U.S. Department of Justice, 18 states and the District of Columbia have reached a settlement with Standard & Poor's Financial Services LLC (S&P) resolving allegations that S&P misled investors when it rated structured finance securities in the lead-up to the 2008 financial crisis.
The settlement requires S&P to pay $1.375 billion to the states and the Department of Justice. Tennessee will receive $25 million for its role as a lead state in the enforcement actions against S&P....read the S&P release.
Today the United States Supreme Court agreed to hear the case of Tanco v. Haslam (same-sex marriage), and consolidated the four petitions from Ohio, Kentucky, Michigan and Tennessee. The court agreed to address the following two questions: (1) Does the Fourteenth Amendment require a state to license a marriage between two people of the same sex? and (2) Does the Fourteenth Amendment require a state to recognize a marriage between two people of the same sex when their marriage was lawfully licensed and performed out-of-state?....read the Tanco release.
Tennessee Attorney General Herbert Slatery today notified the appropriate parties that the State will join a lawsuit brought by attorneys general and governors from 24 other states to challenge the President's recent executive action on immigration....read the Texas v. U.S. release.
Tennessee Attorney General Herbert Slatery and Bill Giannini, the acting Director of the Tennessee Division of Consumer Affairs (DCA), along with the attorneys general of the other 49 States, the District of Columbia, the Federal Trade Commission, and the Federal Communications Commission, today reached settlements with T-Mobile USA, Inc. The settlements include at least $90 million in payments and resolve allegations that T-Mobile placed charges for third-party services on consumers' mobile telephone bills that were not authorized by the consumer. This practice is known as "mobile cramming."
Consumers who have been "crammed" often incurred charges, typically $9.99 per month, for "premium" text message subscription services (PSMS) such as horoscopes, trivia, and sports scores that the consumers have never heard of or requested. The Attorneys General and federal regulators allege cramming occurred when T-Mobile placed charges from third-parties on consumers' mobile telephone bills without the consumer's knowledge or consent...read the T-Mobile release.