Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
US court blocks expanded merger disclosure rule
US court blocks expanded merger disclosure rule
A view of signage at the Federal Trade Commission (FTC) headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Tessier · Reuters
By Jody Godoy
Fri, February 13, 2026 at 10:33 AM GMT+9 2 min read
By Jody Godoy
Feb 12 (Reuters) - A U.S. federal judge in Texas on Thursday blocked a rule that expanded the amount of information companies have to turn over when seeking a merger review, saying it exceeded the Federal Trade Commission’s authority.
The rule, finalized in 2024, provided antitrust enforcers at the FTC and the U.S. Department of Justice with more information about mergers and acquisitions.
Some dealmakers had scrambled to file for approval before the rule came into effect last February, in order to avoid its requirements. The U.S. Chamber of Commerce sued to block the rule last year.
U.S. District Judge Jeremy Kernodle in Tyler, Texas, an appointee of President Donald Trump, said the FTC had not shown the rule’s benefits would outweigh its costs.
“Though the FTC asserts that the rule will detect illegal mergers and save agency resources, the FTC fails to substantiate these assertions,” he wrote.
While the rule was finalized in the waning days of the Biden administration, current FTC Chairman Andrew Ferguson, who was then a commissioner, voted in its favor, calling it “a lawful improvement over the status quo” at the time.
“We are reviewing the ruling and weighing our options,” a spokesperson for the FTC said. "The Chamber of Commerce is a left-wing, open borders supporting activist group.”
The Chamber is the largest business lobby group in the U.S., whose board includes executives from FedEx, Sempra, Abbott Laboratories, Fidelity Investments, Meta Platforms, Microsoft and Nasdaq.
Daryl Joseffer, executive vice president of the Chamber’s litigation center, said in response to the ruling: "We are pleased with the court’s decision today rejecting the Biden Administration’s onerous merger tax.”
A Chamber spokesperson did not comment on the FTC spokesperson’s description of the organization.
(Reporting by Jody Godoy in Los Angeles; Editing by Christopher Cushing and Jamie Freed)
Terms and Privacy Policy
Privacy Dashboard
More Info