Antitrust Alert: Investing a Little Time to Consider Whether the Premerger Notification Rules Apply to Your Transaction Is Worth Its Weight in Gold
12/20/2007
On December 19, 2007, an investment company was forced to pay the Federal Trade Commission (“FTC”) $1.1 million in civil penalties for repeatedly failing to observe the Hart-Scott-Rodino Premerger Notification Act (“HSR Act”) premerger filing requirements. The decision is not surprising, as investment companies can sometimes forget that their activities are subject to premerger filing rules. The FTC’s action this week is a million-dollar reminder.
For more information, please see this Mintz Levin Antitrust Alert.
