The US DoJ settles Hart-Scott-Rodino gun jumping charges stemming from buyer’s pre-approval of target’s purchasing contracts (Smithfield Foods / Premium Farms)

On January 21, 2010, after a three-year and four-month investigation, the Department of Justice (DOJ) announced a $900,000 settlement with meat processors Smithfield Foods Inc. and Premium Farms LLC to resolve DOJ allegations that Smithfield exercised operational control over Premium Standard prior to the expiration of the Hart-Scott-Rodino (HSR) waiting period. The DOJ alleged that Smithfield approved three Premium Standard hog procurement contracts, and thereby became involved in the day-to-day operation of Premium Standard’s business. The

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Authors

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

Quotation

Steven C. Sunshine, Ian G. John, Neal R. Stoll, The US DoJ settles Hart-Scott-Rodino gun jumping charges stemming from buyer’s pre-approval of target’s purchasing contracts (Smithfield Foods / Premium Farms), 21 January 2010, e-Competitions Bulletin January 2010, Art. N° 45539

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