FTC Cuts No Slack For Second Failure To File

Law360, New York (January 2, 2008, 12:00 AM EST) -- On Dec. 19, 2007, the Department of Justice (DOJ) filed a complaint on behalf of the Federal Trade Commission (FTC) against ValueAct Capital Partners L.P. for violations of the Hart-Scott-Rodino Act (HSR Act), which, when certain criteria are met, requires individuals and corporate entities to file notifications with the FTC and the DOJ and observe a waiting period prior to acquiring voting securities or assets.[1]

ValueAct agreed to pay $1.1 million to settle the charges stemming from its failure to observe the HSR Act's pre-merger notification...
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