UPDATE 3-Police body camera maker Axon sues U.S. FTC over antitrust litigation [Reuters]
AXON ENTERPRISES INC (AAXN)
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Source: Reuters
Police body camera maker Axon sues U.S. Federal Trade Commission amid antitrust probe (Reuters) - Axon Enterprise Inc ( AAXN.O ) on Friday sued the U.S. Federal Trade Commission in a bid to have potential antitrust litigation heard in a federal district court and not in an internal FTC process, which it alleges is biased toward regulators. Axon, the manufacturer of Taser stun guns and body camera systems for police departments, has been the target of FTC scrutiny since 2018, when the regulator requested information from the Arizona-based company about its acquisition of Vievu. Vievu was a smaller player in the market for body cameras and online storage and management of the footage they generate. In the complaint filed on Friday in U.S. district court in Arizona, Axon said it complied with regulators’ requests for 18 months at a cost of $1.5 million in legal fees. Last month, Axon alleges, FTC officials told the company it would have to unwind its Vievu acquisition by divesting the
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