The US FTC announces substantial increases to civil penalties

On Wednesday, June 29, the Federal Trade Commission (FTC) announced substantial increases to the maximum civil penalties for 16 distinct violations of certain laws enforced by the FTC. Notable increases were announced for violations of the Hart-Scott-Rodino Improvements (HSR) Act and the Medicare Prescription Drug Improvement and Modernization Act (MMA). These new maximum civil penalty amounts will apply to penalties assessed on or after August 1, 2016, but will apply to conduct occurring before August 1, 2016. The sharpest increase is for HSR premerger filing notification violations: the new penalty is $40,000 per day, up from $16,000 per day. MMA penalties will

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Authors

  • White & Case (Washington)
  • Shearman & Sterling (New York)

Quotation

Noah A. Brumfield, Lynn Diamond, The US FTC announces substantial increases to civil penalties, 29 June 2016, e-Competitions June 2016, Art. N° 80926

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