Tag: DOJ

DOJ antitrust division reviewing Uber’s plans to buy Postmates

  • The DOJ is taking a closer look at Uber’s plans to buy Postmates, Uber disclosed in a regulatory filing Friday.
  • The “second request,” as it’s called, puts the deal on hold indefinitely until both companies “substantially comply” with the government’s request for more details and it gives the deal a green light.
  • But the DOJ’s request signals it’s “concerned about the deal,” Sam Weinstein, a former DOJ antitrust lawyer, told Business Insider.
  • Uber pivoted to buy Postmates after merger talks with Grubhub reportedly fell through over similar  antitrust concerns as the platform faces increased scrutiny from lawmakers.
  • Visit Business Insider’s homepage for more stories.

Uber’s plans to expand its food delivery business by acquiring Postmates have hit a roadblock.

In a regulatory filing Friday, Uber disclosed that the US Department of Justice has issued a “second request” to both companies, temporarily halting the deal while the government gathers more information.

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DOJ probes hundreds of business loan fraud cases as NFL player charged

New details on potentially fraudulent applications for the loan program, which is credited with saving millions of jobs, show how the rush of aid during the early pandemic emergency has led to what prosecutors, Democratic lawmakers and taxpayer advocates fear could be widespread abuse.

Later Thursday, the DOJ announced new charges in a complex case involving defendants in Florida and Ohio that involved applications for some $24 million in loans. Among those charged were Joshua Bellamy, a former wide receiver for the New York Jets football team.

The case involves 11 people, coordinated between Miami and Cleveland, “including a professional athlete and business manager,” the DOJ said.

Attorneys for Bellamy were not immediately reachable for comment.

Rabbitt said the DOJ will now concentrate on prosecuting “coordinated criminal rings that have engaged in systematic, organized conduct to loot the PPP.”

FBI Deputy Assistant Director John Jimenez said officials were generally looking

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