A PYMNTS Company

US: DOJ challenges illegal antitrust “gun jumping” in energy transaction

By  |  March 1, 2017

The Department of Justice Antitrust Division recently brought a civil antitrust lawsuit against Duke Energy, alleging that the electric power generator engaged in illegal “gun jumping” by obtaining beneficial ownership over a power plant through a tolling agreement before making a required Hart-Scott-Rodino Act filing and observing the applicable statutory waiting period.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The DOJ announced that it had simultaneously reached a $600,000 settlement with Duke. The HSR Act requires that parties to certain acquisitions notify the antitrust enforcement agencies and observe a waiting period before consummating the transaction or transferring beneficial ownership of the business at issue.

    Full Content: JD Supra

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.