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Record Fine for Improper Reliance on HSR Act Investment-Only Exemption

15 July 2016

On 12 July 2016, the U.S. Department of Justice (DOJ) announced that ValueAct Capital (ValueAct) agreed to pay a record US$11 million civil penalty to settle allegations that the activist investment firm violated the notification and waiting period requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) when it acquired more than US$2.5 billion in voting shares of Halliburton and Baker Hughes.

Read more: Record Fine for Improper Reliance on HSR Act Investment-Only Exemption

The team

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