Steven Reed is a partner with Morgan Lewis based in the Philadelphia office. He is a seasoned litigator at the trial and appellate levels with a national practice representing clients in high-stakes class actions and other commercial litigation in a wide range of substantive areas, including antitrust, securities fraud, shareholder derivative, mass torts, and merger challenges. He has appeared before federal and state local courts in more than 30 states, and is listed in leading peer review guides for antitrust, “bet the company,” general commercial, and securities litigation. Steve is the practice group leader of the firm’s global antitrust and competition law practice.
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The US Department of Justice (DOJ) Antitrust Division is withdrawing three enforcement policy statements that provided important guidance on the exchange of competitively sensitive information through third parties. The guidance previously created a safe harbor for market benchmarking surveys (...)
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In a unanimous 9-0 decision authored by Justice Breyer, the US Supreme Court has held that the Federal Trade Commission (FTC) lacks the authority to seek equitable monetary relief in cases brought in federal court under FTC Act Section 13(b). The Court’s April 22, 2021, decision in AMG Capital (...)
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Background In the Credit Bureau Center case, the FTC sued a company and its owner for advertising “free” credit reports without adequately disclosing that consumers would be enrolled in an expensive credit monitoring service on an ongoing basis. The FTC brought its lawsuit under Section 13(b), (...)
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