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.
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.
Featured News
US Appeals Court Upholds Ruling Denying Copyright for AI-Generated Art
Mar 19, 2025 by
CPI
Morrison Foerster Expands European Antitrust Practice
Mar 19, 2025 by
CPI
HSBC in Advanced Talks to Sell German Fund Unit to BlackFin Capital Partners
Mar 19, 2025 by
CPI
EU’s Antitrust War on Big Tech Heats Up as US Trade Disputes Grow
Mar 19, 2025 by
CPI
Indian Antitrust Authorities Conduct Raids on Global Advertising Firms in Price-Fixing Probe
Mar 19, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Self-Preferencing
Feb 26, 2025 by
CPI
Platform Self-Preferencing: Focusing the Policy Debate
Feb 26, 2025 by
Michael Katz
Weaponized Opacity: Self-Preferencing in Digital Audience Measurement
Feb 26, 2025 by
Thomas Hoppner & Philipp Westerhoff
Self-Preferencing: An Economic Literature-Based Assessment Advocating a Case-By-Case Approach and Compliance Requirements
Feb 26, 2025 by
Patrice Bougette & Frederic Marty
Self-Preferencing in Adjacent Markets
Feb 26, 2025 by
Muxin Li