It is extremely rare to see the Federal Trade Commission (“FTC”) pursue an enforcement action under the Hart-Scott-Rodino Act (“HSR Act”) for illegal pre-merger coordination, better known as “gun jumping.” Nonetheless, the FTC recently announced that certain crude oil producers will pay a record $5.6 million civil fine to settle allegations that they engaged in impermissible pre-merger conduct in violation of the HSR Act.
Continue reading “FTC Reaches Record $5.6M “Gun-Jumping” Settlement Related To Oil Deal”