UPDATE 1-US FTC asks for extra time to file an amended grievance on Fb case – Yahoo Finance

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(Adds quote from FTC court filing, lawsuit background details)

July 23 (Reuters) – The U.S. Federal Trade Commission on Friday gave a court more time to file an amended complaint in its antitrust lawsuit against Facebook Inc.

The FTC asked the judge to extend his appeal period to August 19, finding that Facebook did not object to the delay.

Judge James Boasberg of the U.S. District Court for the District of Columbia said the FTC's original complaint did not show Facebook had monopoly power in the social networking market, but said the FTC had until July 29 to file a new complaint .

“The requested extension will give the plaintiff sufficient time to complete internal agency processes in relation to filing an amended complaint,” the FTC said in its filing.

Facebook declined to comment.

The agency voted 3-2 last year to file the lawsuit against Facebook. Then-Chairman Joe Simons, a Republican, voted in favor of the lawsuit. Since then, the agency's chairman has moved to Lina Khan, a Democrat. Facebook has called for her resignation because of her previous work with a congressional body. (Reporting by Elizabeth Culliford and Diane Bartz; Editing by Leslie Adler and Grant McCool)


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