Graco Can't Shake FTC Suit Over $650M ITW Deal

Law360, New York (January 26, 2012, 10:26 PM EST) -- A Washington federal judge on Thursday turned down Graco Inc.'s bid to dismiss a Federal Trade Commission suit seeking to halt the industrial fluid manager's proposed $650 million purchase of certain Illinois Tool Works Inc. operations, but agreed the case would be better off in Minnesota.

U.S. District Judge Robert L. Wilkins refused Graco's motion to dismiss the case for lack of personal jurisdiction, saying that because both parties have a nationwide presence, the case could be brought in the District of Columbia. However, he granted...
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