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Christine A. Varney

Christine A. Varney (born December 17, 1955) is an American antitrust attorney who served as the U.S. assistant attorney general of the Antitrust Division for the Obama administration and as a Federal Trade commissioner in the Clinton administration. Since August 2011, Varney has been a partner of the New York law firm Cravath, Swaine & Moore, where she chairs the antitrust department.

Christine Varney
United States Assistant Attorney General for the Antitrust Division
In office
April 20, 2009 – August 4, 2011
PresidentBarack Obama
Preceded byThomas O. Barnett
Succeeded byWilliam Baer (2013)
Commissioner of the Federal Trade Commission
In office
October 17, 1994 – August 5, 1997
PresidentBill Clinton
Preceded byDennis Yao
Succeeded byMozelle W. Thompson
White House Cabinet Secretary
In office
January 20, 1993 – October 14, 1994
PresidentBill Clinton
Preceded byDaniel Casse
Succeeded byKitty Higgins
Personal details
Born (1955-12-17) December 17, 1955 (age 68)
Washington, D.C., U.S.
Political partyDemocratic
SpouseThomas J. "Tom" Graham[1]
Children2
EducationState University of New York, Albany (BA)
Syracuse University (MPA)
Georgetown University (JD)
WebsiteOfficial website
[2][3][4]

Early life and education

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Varney was born in Washington, D.C., and raised in Syracuse, New York. She earned a Bachelor of Arts degree from University at Albany, SUNY, in 1977. As an undergraduate, she studied abroad at Trinity College, Dublin. She later earned a Master of Public Administration from the Maxwell School of Citizenship and Public Affairs at Syracuse University,[5] and a Juris Doctor from Georgetown Law School.[6]

Career

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Early career and Clinton administration

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Varney served as general counsel to the Democratic National Committee from 1989 to 1992; chief counsel to the Bill Clinton 1992 presidential campaign, general counsel to the 1992 Presidential Inaugural Committee, associate and partner of the firm of Hogan & Hartson, and as assistant to the president and White House cabinet secretary.[5][7] In the latter role, she acted as a liaison between the White House and cabinet departments. She stated the Clinton administration's philosophy of cabinet management this way: "if you don’t surprise us, we won't micromanage you!"[8]

Federal Trade Commission (FTC)

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Varney served in the Clinton Administration as a member of the Federal Trade Commission (FTC) from October 17, 1994, to August 5, 1997.[9] As a commissioner, Varney voted to bring actions against Toys "R" Us for pressuring manufacturers to keep popular toys out of discount stores; to pursue charges of unfair advertising against the R. J. Reynolds Tobacco Company, for its "Joe Camel" advertising campaign; and to impose conditions on the mega-merger between Time Warner and Turner Broadcasting System.[10]

Varney became known for spearheading the FTC's examination of privacy and commerce,[11] and for promoting innovation market theory analysis in the fields of information technology and biotechnology.[12] In 1997, Varney was succeeded by Mozelle W. Thompson as a member of the FTC.[13]

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Varney was a partner at the Washington, D.C. law firm Hogan & Hartson, where she chaired the Internet practice group,[6] and was registered as a lobbyist.[14][15] As a lawyer, Varney represented and advised companies on matters such as antitrust, privacy, business planning corporate governance, intellectual property, and general liability issues. She represented Netscape during United States v. Microsoft Corp. and its merger with AOL.[16] There, her other clients included eBay, DoubleClick, The Washington Post Company's Newsweek Interactive subsidiary, Dow Jones & Company, AOL, Synopsys, Compaq, Gateway, the Liberty Alliance, and RealNetworks.[17]

Varney was a fundraiser for the Hillary Clinton campaign during the 2008 Democratic Party presidential primaries and the 2016 Democratic Party presidential primaries.[3] Following the election of President Barack Obama, in 2009, Varney served as personnel counsel on the Obama–Biden Transition Project.[18]

Assistant Attorney General (AAG)

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Varney was nominated for the position of Assistant Attorney General for the Antitrust Division of the Department of Justice in February 2009, and confirmed by the Senate on April 20, 2009.[19][20][21][22] On August 4, 2011, Varney resigned her position at the Justice Department.[23][24]

Post-AAG career

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Evan Chesler, then presiding partner at Cravath, recruited Varney in September 2011, when average partner pay at the firm was 3.1 million.[25] Varney is only the fourth outsider recruited to be named a partner at the firm in 50 years.[26] There, Varney has advised clients on mergers across various industries, including acquisitions of Time Warner by ATT, Virgin Atlantic by Delta, Talenti by Unilever, Pinnacle by Conagra, and Heinz by Kraft[27]

Varney joined the faculty of Columbia Law School as a lecturer in law in 2017 and teaches the course Antitrust in Action, alongside her Cravath colleague David R. Marriott.[28]

Varney is recognized by The National Law Journal as one of the "100 Most Influential Lawyers in America", and as among the 50 "Governance, Risk & Compliance Trailblazers & Pioneers". Law360 also named her a "Competition MVP", and Global Competition Review named her "Lawyer of the Year".[29]

During the 2020 Democratic Party presidential primaries, Varney made the maximum allowable campaign contributions to candidates Pete Buttigieg[30] and Joe Biden.[31]

Positions

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Online privacy

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While at the FTC, Varney predicted that online privacy would "become a critical aspect of [the FTC's] consumer protection responsibilities."[32] Former FTC Chairman Robert Pitofsky has credited Varney as "the leading force in getting the agency active on the online privacy front."[33]

In advocating adoption of the FTC's privacy guidelines, Varney identified a major goal of the FTC's Privacy Initiative as "avoid[ing] cumbersome regulation by facilitating the development of a set of voluntary principles."[34] Varney's promotion of voluntary privacy guidelines was criticized by consumer privacy advocates as insufficient to provide adequate consumer protection.[35][36] Others, however, lauded Varney's approach, believing that tight government regulations would stifle innovation.[35]

As legal counsel and spokesperson for the Online Privacy Alliance, Varney championed self-regulation as the basis for encouraging compliance with Internet privacy standards.[37] Over time, Varney's position changed — according to an article from November 2000, Varney said, "You could characterize the OPA as having a mantra of 'self-regulation, self-regulation, self-regulation’ . . . Next year, the mantra will be 'industry best practices as part of a comprehensive solution, and there may be legislation that would help.’"[33]

Health and pharmaceuticals

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As an FTC commissioner, Varney voiced concerns about legislation that would grant certain antitrust immunities to doctors,[38] as well as potential competitive problems caused by vertical integration of drug companies into the pharmacy benefits management market.[39]

As Assistant Attorney General, Varney has suggested that there may be a lack of competition in the health insurance market, and has endorsed a measure that would revoke the federal antitrust exemption for health insurers.[40] Varney has also been critical of "reverse payment patent settlement" or "pay-for-delay" agreements, in which a potential generic competitor delays entry of a generic drug in exchange for a payment from a branded drug manufacturer with market power. A brief signed by Varney argues that such agreements are "presumptively unlawful",[41] signifying a departure from the previous DOJ positions, aligning the DOJ's position with that of the FTC.[42]

Antitrust

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Varney (left) with Attorney General Eric Holder (right) speaks on credit card surcharge, in 2010, as Assistant Attorney General for the Antitrust Division.

As a Commissioner at the FTC, Varney was outspoken about monopolies in innovation markets and about the possibility that vertical mergers create unfair barriers to entry in networked industries.[43]

Upon her nomination as the Assistant Attorney General for the Antitrust Division by President Barack Obama, Varney was predicted to be a more aggressive enforcer of antitrust laws than her predecessors in the Bush administration.[44] Her nomination was confirmed by the United States Senate on April 20, 2009, by a vote of 87 to 1.[45]

Consistent with predictions, one of Varney's first acts as an Assistant Attorney General was to withdraw the Justice Department's 2008 guidelines for enforcement of Section 2 of the Sherman Act.[46] In her first public comments as an Assistant Attorney General, Varney criticized the guidelines for "effectively straightjacket[ing] antitrust enforcers and courts from redressing monopolistic abuses, thereby allowing all but the most bold and predatory conduct to go unpunished and undeterred."[47] She delivered the speech twice, first, on May 11, 2009, at the Center for American Progress and, on the following day, at the United States Chamber of Commerce.[48]

Varney opened inquiries into the financial services and wireless phone industries, and began probing the settlement between Google and the Association of American Publishers.[49]

Between 2009 and 2011, the Antitrust Division's criminal enforcement work resulted in the assessment of over $1.5 billion in fines against criminal conspirators.[50]

As both a Commissioner of the FTC and Assistant Attorney General, Varney has called for more cooperation in international antitrust enforcement. As an FTC Commissioner, Varney stated, "there is much more to be done by way of fostering communication and cooperation between enforcement authorities," and promoted adherence to international antitrust guidelines.[51] Similarly, in her first public remarks as Assistant Attorney General, Varney stated, "I believe that as targets of antitrust enforcement have expanded their operations worldwide, there is a greater need for U.S. authorities to reach out to other antitrust agencies."[47] Since then, Varney has called for greater convergence, cooperation, and transparency between international antitrust enforcement agencies.[52]

During her tenure, Varney successfully prevented several mergers and acquisitions, including NASDAQ and Intercontinental Exchange from acquiring NYSE Euronext, as well as Verifone's acquisition of Hypercom.[25] She allowed the mergers of Live Nation Entertainment with Ticketmaster, and of Comcast with NBCUniversal.[25] After Varney and the Administrator of the Grain Inspection, Packers and Stockyards Administration proposed rules to combat price fixing by meat packing industry, Congress defunded its enforcement.[53][54]

Varney approved the merger of Continental Airlines and United Airlines, on condition that several assets were to be divested.[25]

In October 2010, Varney brought an anti-competition suit against Visa Inc., MasterCard, each of which soon settled, and American Express, which did not.[25]

Epic Games enlisted the counsel of Varney and Cravath, Swaine & Moore in their antitrust lawsuits against Apple, Inc. and Google filed in August 2020 over monopolistic practices on the App Store and Google Play storefronts after they had forced Epic's Fortnite off the service.[55]

Boards and affiliations

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Varney was instrumental in establishing several industry associations, including the Online Privacy Alliance, which helped promote self-regulation and identify Internet best practices in the field of online privacy.[56] She has served on the board of directors of TRUSTe, a privacy certification and seal program.[57]

She serves on the boards of trustees of the American Museum of Natural History and Third Way; on the boards of directors of the Brennan Center for Justice and the Legal Aid Society; and on the board of advisors of the American Constitution Society.[58]

Varney is a Fellow of the American Bar Foundation and serves as a member of the International Bar Association, the Council on Foreign Relations, The American Law Institute, and the Economic Club of New York.[58]

See also

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References

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  1. ^ "Christine A. Varney". 18 July 2013.
  2. ^ "Christine A. Varney Profile - Forbes.com". Forbes.com. Archived from the original on 2009-02-02. Retrieved 2009-01-23. Ms. Varney was elected to [Ryder System, Incorporated's] Board of Directors in February 1998
  3. ^ a b Dowty, Douglass (November 5, 2008). "Syracuse native Christine Varney named to Obama transition team". Syracuse, New York: The Post-Standard. Retrieved 2009-01-23.
  4. ^ Nomination of Christine A. Varney to be a member of the Federal Trade Commission : hearing before the second session. U.S. Government Printing Office. October 5, 1994. ISBN 9780160461125. Retrieved 2009-01-23. {{cite book}}: |website= ignored (help)
  5. ^ a b Feeney, Susan (Spring 1994). "Clinton's Cabinetmaker". Syracuse University Magazine. Vol. 10, no. 3. Article 4. pp. 14–17. Retrieved 21 December 2022.{{cite magazine}}: CS1 maint: location (link)
  6. ^ a b "Christine A. Varney - Professionals - Hogan & Hartson". Hogan & Hartson. Archived from the original on January 18, 2008. Retrieved 2009-01-23.
  7. ^ "U.S. Senate Session C-Span recording from April 20, 2009 (Sen. Arlen Specter speaking at 3:11:38)". C-Span. 20 April 2009. p. 3:11:38. Retrieved 2016-03-17.
  8. ^ "American President - Office of Cabinet Affairs (EOP, The White House Office)". University of Virginia: Miller Center. Archived from the original on 20 April 2003. Retrieved 23 January 2009. [From Bradley H. Patterson, The White House Staff: Inside the West Wing and Beyond (Washington, D.C.: Brookings Institution Press), pp. 330-39. Reprinted with permission of Brookings Institution Press.]
  9. ^ "Federal Trade Commission - Speeches by Former Commissioners". Archived from the original on 2009-05-11. Retrieved 2009-05-12.
  10. ^ Stohr and James Rowley, Greg (22 January 2009). "Varney Selected by Obama as Justice Department Antitrust Chief". Bloomberg News. Retrieved 2010-03-07.
  11. ^ "FTC Commissioner Will Step Down". The New York Times. 1997-07-10. Retrieved 2010-03-08.
  12. ^ "President Barack Obama Announces Key DOJ Appointees". whitehouse.gov. 22 January 2009. Retrieved 2009-07-26 – via National Archives.
  13. ^ Gruley, Bryan (1997-08-13). "Treasury Official Is Expected To Be Nominated to FTC Post". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-09-13.
  14. ^ "Revolving Door — Christine A Varney — Industries Represented". OpenSecrets.
  15. ^ "Christine Varney". The Washington Post. 2012-07-26. Archived from the original on 2016-03-12.
  16. ^ Sullivan, Jennifer (12 January 1999). "Your Data on the Black Market". Wired magazine. Retrieved 2009-01-23.
  17. ^ "Interview with Christine Varney, Privacy Piracy (radio show)". Privacy Piracy, KUCI. Retrieved 2010-03-06.
  18. ^ "Obama Names Transition Team". U.S. News & World Report. 5 November 2008. Archived from the original on 8 December 2008. Retrieved 2010-03-08.
  19. ^ "Head Count: Tracking Obama's Appointments". The Washington Post. Archived from the original on March 31, 2009. Retrieved 2010-03-06.
  20. ^ "United States: New Directions In Antitrust Enforcement: Obama Appoints Christine Varney To Head DOJ Antitrust Division" by Sean P. Gates and Tej Srimushnam, Morrison & Foerster LLP, (updated February 4 2009).
  21. ^ "Nomination of Assistant General for the Antitrust Division - Christine Varney". United States Senate Committee on the Judiciary. Archived from the original on 2010-03-04. Retrieved 2010-03-06.
  22. ^ "Attorney General Eric Holder Welcomes Assistant Attorneys General for Antitrust, Civil, and Criminal Divisions". US Department of Justice. PR Newswire. Retrieved 2012-06-07.
  23. ^ "Varney to step down as top antitrust official". Chicago Tribune. Reuters. July 6, 2011.[dead link‍]
  24. ^ "Assistant Attorney General Varney Announces Departure from Antitrust Division", Department of Justice, July 6, 2011. Retrieved March 24, 2019.
  25. ^ a b c d e Lattman, Peter; de la Merced, Michael J. (6 July 2011). "Cravath to Hire Antitrust Chief". The New York Times. Retrieved 4 August 2017.
  26. ^ Lattman, Peter (February 6, 2013). "Cravath Hires a 2nd Official From Obama Administration". The New York Times. Retrieved May 20, 2019.
  27. ^ "New York’s competition bar", "Americas", by Faaez Samadi, Global Competition Review (GCR), Volume 16, Issue 10, page 11, October 28, 2015. Retrieved June 2, 2019.
  28. ^ ""L9509 S. Antitrust in Action ", Columbia Law School. Retrieved January 31. 2019". Archived from the original on 2017-10-07. Retrieved 2019-02-01.
  29. ^ "Christine A. Varney", American Constitution Society. Retrieved June 2, 2019.
  30. ^ Dayen, David (2020-01-14). "Wells Fargo Attorney Moonlights as Buttigieg Campaign Policy Adviser". The American Prospect. Retrieved 2021-09-11.
  31. ^ "Christine Varney Campaigns Supported". Revolving Door Project. Center for Economic and Policy Research. Retrieved 2021-10-01.
  32. ^ Varney, Christine (9 October 1996). "Consumer Privacy in the Information Age: A View from the United States". Prepared Remarks before the Privacy & American Business National Conference. Federal Trade Commission. Archived from the original on 13 October 2007. Retrieved 7 March 2010.
  33. ^ a b Perine, Keith (13 November 2000). "The Persuader". The Industry Standard. FindArticles. Archived from the original on 19 September 2004. Retrieved 2010-03-07.
  34. ^ Varney, Christine (1 November 1995). "Privacy in the Electronic Age". Prepared Remarks before the Privay & American Business Conference. Archived from the original on 3 June 2010. Retrieved 2010-03-05.
  35. ^ a b Yang, Catherine (5 February 1996). "How Do You Police Cyberspace?". BusinessWeek. Archived from the original on January 18, 2013. Retrieved 2010-03-04.
  36. ^ Rotenberg, Marc (14 December 1995). "Letter to Commissioner Christine Varney from Marc Rotenberg, Director of EPIC". Electronic Privacy Information Center (EPIC). Retrieved 2010-03-06.
  37. ^ Steve Lohr (1999-10-11). "Seizing the Initiative on Privacy; On-Line Industry Presses Its Case for Self-Regulation". The New York Times. Retrieved 2010-03-07.
  38. ^ Varney, Christine (23 October 1995). "The Health Care and Antitrust Interface in an Era of Fundamental Industry-Wide Realignments". Speech at the SMS Health Executives Forum. Federal Trade Commission. Archived from the original on 31 May 2010. Retrieved 2010-03-08.
  39. ^ Varney, Christine (10 May 1995). "The Dangers of Health Industry Consolidation and Corporatization and the Effect on Quality, Cost and Access". Prepared Remarks Before the Citizens Fund Conference. Federal Trade Commission. Archived from the original on 26 February 2010. Retrieved 2010-03-08.
  40. ^ Woellers and Justin Blum, Lorraine (27 February 2009). "Antitrust Enforcer for U.S. Says Insurers May Lack Competition". Bloomberg News. Retrieved 2010-03-08.
  41. ^ "Brief for the United States in Response to the Court's Invitation, Ark. Carpenters Health & Welfare Fund v. Bayer, AG, No. 05-2851 (2d. Cir. July 6, 2009)". Retrieved 2010-03-07.
  42. ^ Synnott and William Michael, Aiden (September 2009). "Antitrust and Intellectual Property: Recent Developments in the Pharmaceutical Sector". Competition Policy International. pp. 2–5. Retrieved 2010-03-08.
  43. ^ Bemos, Tellis (14 May 2009). "America's New Monopoly Buster". Fortune. Archived from the original on 11 June 2010. Retrieved 2010-03-05.
  44. ^ Gates and Tej Srimushnam, Sean (5 February 2009). "A New Direction?". The Deal Magazine. Archived from the original on 23 November 2010. Retrieved 2010-03-05.
  45. ^ Pres. Nom. 89, 111th Cong. (2009).
  46. ^ Labaton, Stephen (11 May 2009). "Administration Plans Tougher Antitrust Action". The New York Times. p. A1. Retrieved 4 August 2017.
  47. ^ a b Varney, Christine (12 May 2009). "Vigorous Antitrust Enforcement in this Challenging Era, Remarks as Prepared for the United States Chamber of Commerce". www.justice.gov. U.S. Department of Justice: Justice News. Retrieved 2016-03-17.
  48. ^ Labaton, Stephen (11 May 2009). "Administration Takes Tougher Antitrust Line". The New York Times. Retrieved 4 August 2017.
  49. ^ Bartz, Diane (8 July 2009). "New U.S. Antitrust Chief Making Presence Felt". Reuters. Retrieved 2010-03-07.
  50. ^ Meet the Attorney General, archived from the original on 2010-10-27
  51. ^ Varney, Christine (17 October 1996). "Remarks presented to the Fordham Corporate Law Institute's 23rd Annual Conference on International Antitrust Law & Policy". Federal Trade Commission. Archived from the original on 30 May 2010. Retrieved 2010-03-07.
  52. ^ Varney, Christine (15 February 2010). "Remarks as Prepared for the Institute of Competition Law, New Frontiers of Antitrust Conference". Department of Justice. Retrieved 2010-03-07.
  53. ^ Morris, Frank (25 January 2012). "Antitrust Official Gets Stampeded By Big Beef". All Things Considered. NPR. Retrieved 4 August 2017.
  54. ^ "Public Workshops: Agriculture and Antitrust Enforcement Issues in Our 21st Century Economy | ATR | Department of Justice". www.justice.gov. 25 June 2015. Retrieved 4 August 2017.
  55. ^ Liao, Shannon (August 15, 2020). "Did Fortnite just kill the App Store as we know it?". CNN. Retrieved August 16, 2020.
  56. ^ Lohr, Steve (11 October 1999). "Seizing the Initiative on Privacy; On-Line Industry Presses Its Case for Self-Regulation". The New York Times. Retrieved 2010-03-07.
  57. ^ Glave, James (15 January 1999). "Truste Director Resigns". Wired. Retrieved June 2, 2019.
  58. ^ a b "Elected Member Christine A. Varney", The American Law Institute. Retrieved June 2, 2019.
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Political offices
Preceded by White House Cabinet Secretary
1993–1994 		Succeeded by
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