The US FTC imposes civil penalty for pre-merger filing violations related stock acquisitions (ValueAct)

The Federal Trade Commission earlier this week obtained a $1.1 million civil penalty against ValueAct Capital Partners, L.P. (“ValueAct”) for ValueAct’s failure to file the required Hart-Scott-Rodino (“HSR”) premerger notifications before acquiring additional shares of voting securities of companies for which it had made earlier filings. [1] This enforcement action is intended to alert acquirors that they must continue to monitor acquisitions even if earlier HSR filings have been made. It is also a case where an inadvertent failure to file was

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (New York)
  • Skadden, Arps, Slate, Meagher & Flom (New York)
  • Skadden, Arps, Slate, Meagher & Flom (Washington DC)
  • Skadden, Arps, Slate, Meagher & Flom (New York)

Quotation

Neal R. Stoll, Rita Sinkfield Belin, Brian C. Mohr, Joseph P. Nisa, The US FTC imposes civil penalty for pre-merger filing violations related stock acquisitions (ValueAct), 19 December 2007, e-Competitions December 2007, Art. N° 45594

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