| FOR IMMEDIATE RELEASE
MONDAY, JUNE 5, 2006
TDD (202) 514-1888
DEPARTMENT OF JUSTICE/FEDERAL TRADE COMMISSION
WASHINGTON -- The Department of Justice's Antitrust Division and the Federal Trade Commission (FTC) today announced that the first in a series of planned joint public hearings designed to examine the antitrust implications of single-firm conduct under the antitrust laws will take place on June 20 and June 22 in Washington, D.C. As previously announced, these public hearings, which will continue throughout the year, will examine whether and when specific types of single-firm conduct may violate Section 2 of the Sherman Act by harming competition and consumer welfare and when they are pro-competitive or benign.
Assistant Attorney General Thomas O. Barnett and FTC Chairman Deborah Platt Majoras will be joined by two of the leading antitrust and industrial organization scholars at the opening session, Professor Herbert Hovenkamp and Professor Dennis Carlton. Two panels focusing on predatory pricing will follow on June 22.
Further information is set forth below:
June 20: Welcome and Overview of Hearings
The June hearings will be held at the FTC Headquarters Building, 600 Pennsylvania Avenue, NW, Washington, D.C., Room 432. The general public and press are invited to attend and view the proceedings. Seating will be on a first-come, first-served basis, with an overflow room provided. Written comments from interested parties may be submitted to the FTC and the Antitrust Division.
Further information about the Section 2 hearings will be posted on the FTC's Web site, http://www.ftc.gov/os/sectiontwohearings/index.htm and the Antitrust Division's Web site, http://www.usdoj.gov/atr/public/hearings/single_firm/sfchearing.htm. Individuals seeking more information on the hearings should contact Patricia Schultheiss, FTC, at email@example.com, or Gail Kursh, Deputy Chief, Legal Policy Section, Antitrust Division, at firstname.lastname@example.org.