Axon Enterprise, Inc. (AAXN) PT Raised to $80 at Needham & Company; 'FTC Announcement Creates Buying Opportunity'
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Go back to Axon Enterprise, Inc. (AAXN) PT Raised to $80 at Needham & Company; 'FTC Announcement Creates Buying Opportunity'
January 3, 2020 5:44 PM EST
(Reuters) - The Federal Trade Commission (FTC) on Friday challenged police body camera maker Axon Enterprise Inc's (NASDAQ: AAXN) completed acquisition of rival Vievu, saying it allowed the company to impose substantial price increases.
The FTC's announcement it was issuing an administrative... More
January 3, 2020 6:52 AM EST
By Stephen Nellis
(Reuters) - Axon Enterprise Inc (NASDAQ: AAXN) on Friday sued the U.S. Federal Trade Commission in a bid to have antitrust proceedings over an acquisition heard in a federal court and not in an internal FTC process, claiming that the FTC's ability to both prosecute and judge cases deprives companies of their constitutional rights.
Axon, the manufacturer of Taser stun guns and body camera systems for police departments, said in its complaint that it has been cooperating with an FTC probe of its acquisition of Vievu... More
January 3, 2020 6:30 AM EST
Axon (Nasdaq: AAXN), the global leader in connected public safety technologies, today filed a lawsuit in Phoenix in the United States District Court for the District of Arizona against the US Federal Trade Commission (FTC). In its 29-page complaint, Axon asked the court to declare the FTC's structure and administrative procedures unconstitutional, and enjoin the Commission from subjecting Axon to its unfair internal forum and instead adjudicate the legality of the Vievu acquisition in a federal court.
At dispute is the FTC's use of an internal administrative proceeding that... More
