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U.S. Federal Trade Commission: FTC sues to undo completed acquisition approved by Bankruptcy Court

( December 8, 2010, 10:03 GMT | Official Statement) -- MLex Summary: The U.S. Federal Trade Commission has initiated an administrative lawsuit seeking to undo Laboratory Corporation's acquisition of Westcliff Medical Laboratories, which was approved by the Bankruptcy Court. The lawsuit refers to the agency's initial concerns that the merger, between the second and third largest providers of clinical laboratory testing services in Southern California, will substantially lessen competition in the market. FTC Sues to Undo Completed Acquisition Approved by Bankruptcy Court...

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