On December 19, 2007, an investment company was forced to pay the Federal Trade Commission (“FTC”) $1.1 million in civil penalties for repeatedly failing to observe the Hart-Scott-Rodino Premerger Notification Act (“HSR Act”) premerger filing requirements. The decision is not surprising, as investment companies can sometimes forget that their activities are subject to premerger filing rules. The FTC’s action this week is a million-dollar reminder.
For more information, please see this Mintz Levin Antitrust Alert.
Please see full publication below for more information.