United States:
Duke Energy Forced To Pay Large Fine In HSR Gun Jumping Settlement
14 February 2017
Reed Smith
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Duke Energy Corporation (Duke) agreed to pay $600,000 to settle
a DOJ claim that it violated the Hart-Scott-Rodino Antitrust
Improvements Act of 1976 (HSR Act) by failing to comply with the
HSR waiting period requirement. The complaint from the DOJ
originated from Duke's acquisition of the Osprey natural gas
power plant from Calpine Corporation, which was reportable under
the HSR Act. Duke allegedly took control of the Osprey plant
before filing the required HSR notification and report form and
prior to the expiration of the applicable waiting period. To learn
more about settlement click
here.
This article is presented for informational purposes only
and is not intended to constitute legal advice.
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