Sep 28, 2012

Passive Investors Beware: Recent FTC Fine Affirms Narrow Scope of HSR Exemption

配信申込

ジャンプリンクテキスト

 
In fining Biglari Holdings $850,000 for failing to file a premerger notification and observe the statutory waiting period in connection with its 2011 purchase of shares of Cracker Barrel, the FTC affirmed that it will read the HSR Passive Investment exemption very narrowly and might seek penalties even for first offenses. Investors must tread carefully when relying on the exemption as it applies only when the investor’s sole intent in acquiring the shares is passive.

View full memo, "Passive Investors Beware: Recent FTC Fine Affirms Narrow Scope of HSR Exemption"

著者等

Wayne Dale Collins

オブ・カウンセル

独占禁止法

+1 212 848 4127

+1 212 848 4127

ワシントンDC

Jessica K. Delbaum

パートナー

独占禁止法

+1 212 848 4815

+1 212 848 4815

ニューヨーク