'Passive Investor' Lessons From Record HSR Act Settlement

Law360, New York (July 18, 2016, 12:10 PM EDT) -- The U.S. Department of Justice announced on July 12, 2016, that ValueAct Capital has agreed to pay $11 million to settle allegations contained in a complaint filed in April of this year in the U.S. District Court for the Northern District of California that ValueAct violated the reporting and waiting period requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The highest fine previously paid for an HSR violation was $5.67 million. ValueAct is an investment firm headquartered in San Francisco that manages over $16 billion on behalf of investors, and frequently acquires minority positions in public companies....

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