So there are two choices they present her with here:
— Michael Acton (@MActon93) July 13, 2023
1 - Stay her own order pending the outcome of the appeal
or, alternatively
2 - Stay her own order more temporarily pending the Ninth Circuit's decision on the FTC's request for a stay
There's a summary of their arguments for why they think she got it wrong:
— Michael Acton (@MActon93) July 13, 2023
1 - Applied wrong legal standard - too high a bar.
Held FTC "to the standard applicable to a full trial on the merits of a vertical merger."
3 - Placed too much emphasis on the remedies MS offered (those side deals with Nintendo, etc)
— Michael Acton (@MActon93) July 13, 2023
5 - Ignored foreclosure incentives for which there was evidence
— Michael Acton (@MActon93) July 13, 2023