Stay out of the penalty box: Important reminders about HSR Act compliance for officers and directors

Hogan Lovells
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A public company executive recently entered into a consent decree with the Federal Trade Commission (FTC) pursuant to which he agreed to pay US$609,810 in fines for acquiring additional voting shares in violation of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the HSR Act), as amended.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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