The US DOJ obtains $5 million settlement for illegal pre-closing conducts (Flakeboard America / SierraPine)

Antitrust Division Obtains $3.8 Million in Civil Penalties and Disgorgement of $1.15 Million for Illegal Pre-closing Conduct* On November 7, 2014, the Department of Justice’s Antitrust Division announced that it obtained a $5 million settlement with Flakeboard America Limited; its parent companies, Celulosa Arauco y Constitución S.A. and Inversiones Angelini y Compañía Limitada; and SierraPine for illegal pre-merger coordination in violation of the antitrust laws and of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”). The action underscores the Antitrust Division’s resolve to vigorously scrutinize the conduct of merging parties prior to consummation of the transaction. Law Regarding Pre-Merger Coordination There is a lot of excitement when companies plan a merger.

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  • Doyle, Barlow & Mazard (Washington DC)

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Andre P. Barlow, The US DOJ obtains $5 million settlement for illegal pre-closing conducts (Flakeboard America / SierraPine), 7 November 2014, e-Competitions November 2014, Art. N° 70353

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