The leaders of some of New York’s most prominent law firms — such as Davis Polk & Wardwell, Cravath Swaine & Moore, and Wachtell Lipton Rosen & Katz — have joined over 50 corporate chiefs and trade group heads in a letter sent Wednesday to Gov. Kathy Hochul and state legislators, asking them to reject pending legislation that aims to expand the state’s antitrust powers.

The bill in question, which was approved by the New York state Senate’s Consumer Protection Committee on Wednesday, would expand the definition of monopoly under state law. While the measure aims to curb the excesses of “big tech” in particular, these detractors asset that it will harm all businesses in the state, whether large or small.

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