{"id":197,"date":"2025-01-13T14:58:00","date_gmt":"2025-01-13T18:58:00","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/?p=197"},"modified":"2025-01-13T14:58:00","modified_gmt":"2025-01-13T18:58:00","slug":"ftc-reaches-record-5-6m-gun-jumping-settlement-related-to-oil-deal","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/2025\/01\/13\/ftc-reaches-record-5-6m-gun-jumping-settlement-related-to-oil-deal\/","title":{"rendered":"FTC Reaches Record $5.6M \u201cGun-Jumping\u201d Settlement Related To Oil Deal"},"content":{"rendered":"\n

It is extremely rare to see the Federal Trade Commission (\u201cFTC\u201d) pursue an enforcement action under the Hart-Scott-Rodino Act (\u201cHSR Act\u201d) for illegal pre-merger coordination, better known as \u201cgun jumping.\u201d Nonetheless, the FTC recently announced that certain crude oil producers will pay a record $5.6 million civil fine<\/a> to settle allegations that they engaged in impermissible pre-merger conduct in violation of the HSR Act. <\/p>\n\n\n\n\n\n\n\n

In general terms, the HSR Act requires merging parties to certain transactions to submit an HSR notification form to the federal antitrust agencies and observe a waiting period before completing the proposed deal. In this case, the FTC alleged that buyers assumed some operation and decision-making control over significant aspects of seller\u2019s day-to-day business operations prior to expiration of the waiting period and the FTC\u2019s review of the transaction. In addition to the record-breaking financial settlement, it is also noteworthy that all parties to the transaction are on the hook for the financial amount because historically gun-jumping penalties have been assessed entirely on the buyer\u2019s side. New, more robust HSR rules<\/a> go into effect on February 10<\/a>, so parties considering reportable transactions should be especially vigilant to comply with the HSR Act.<\/p>\n","protected":false},"excerpt":{"rendered":"

It is extremely rare to see the Federal Trade Commission (\u201cFTC\u201d) pursue an enforcement action under the Hart-Scott-Rodino Act (\u201cHSR Act\u201d) for illegal pre-merger coordination, better known as \u201cgun jumping.\u201d 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 … <\/p>\n

Continue reading “FTC Reaches Record $5.6M \u201cGun-Jumping\u201d Settlement Related To Oil Deal”<\/span><\/a><\/p>\n","protected":false},"author":660,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"ppma_author":[9,80],"class_list":["post-197","post","type-post","status-publish","format-standard","hentry","category-general"],"authors":[{"term_id":9,"user_id":660,"is_guest":0,"slug":"spmcconnell","display_name":"Sean P. McConnell","avatar_url":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-content\/uploads\/sites\/68\/2025\/10\/mcconnellsean-100x100.jpg","author_category":"","last_name":"McConnell","first_name":"Sean","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/seanpmcconnell.html","description":"Read Sean's Bio<\/a>"},{"term_id":80,"user_id":684,"is_guest":0,"slug":"bshapiro","display_name":"Bryan Shapiro","avatar_url":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-content\/uploads\/sites\/68\/2024\/05\/shapirobryan-100x100.jpg","author_category":"","last_name":"Shapiro","first_name":"Bryan","job_title":"","user_url":"https:\/\/www.duanemorris.com\/attorneys\/bryanshapiro.html","description":"Read Bryan's Bio<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-json\/wp\/v2\/posts\/197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-json\/wp\/v2\/users\/660"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-json\/wp\/v2\/comments?post=197"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-json\/wp\/v2\/posts\/197\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-json\/wp\/v2\/media?parent=197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-json\/wp\/v2\/categories?post=197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-json\/wp\/v2\/tags?post=197"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/antitrustlaw\/wp-json\/wp\/v2\/ppma_author?post=197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}