Judge Jennifer Rochon, who’s overseeing the case in Manhattan federal court, nixed Tapestry’s request to force the government to disclose its definition of the market now given the expedited court schedule for the matter.
But Rochon ruled that Tapestry had not reached the legal standard to force the government’s hand, noting that the lawsuit is “not so unintelligible or unclear that defendants lack sufficient notice of the allegations made against them.” And when pressed by the judge, Dennis said that a duffel bag would not meet the definition, but that she believed bags intended for both men and women would.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Capri stock falls as NYT reports the FTC is preparing to block takeover by TapestryCapri stock falls as NYT reports the FTC is preparing to block takeover by Tapestry
Source: Investingcom - 🏆 450. / 53 Read more »
FTC sues to block Coach parent Tapestry's acquisition of Capri HoldingsThe U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade’s parent company,…
Source: NBCDFW - 🏆 288. / 63 Read more »
FTC Sues to Block Tapestry’s $8.5B Takeover of CapriThe Federal Trade Commission suit argues that the deal bringing together Coach and Kate Spade with Michael Kors would hurt consumers.
Source: wwd - 🏆 24. / 68 Read more »
FTC sues to block luxury fashion merger of Tapestry and Capri HoldingsFederal regulators claim the union would lead to higher prices for U.S. consumers and worsen workplace conditions for employees
Source: washingtonpost - 🏆 95. / 72 Read more »
Tapestry, Capri Holdings respond to FTC lawsuit opposing mergerThe U.S. fashion groups are in talks over an attempt from the U.S. Federal Trade Commission to stop a major fashion merger.
Source: LuxuryDaily - 🏆 325. / 59 Read more »
The FTC Lays Out Its Case Against Tapestry’s $8.5B Buyout of CapriThe FTC’s lawsuit to block the deal argues Tapestry is a serial acquirer and that the deal would limit competition in accessible luxury.
Source: wwd - 🏆 24. / 68 Read more »