HSR Penalities Increased: $16,000/day
As an interesting holiday present, the FTC on December 23, 2008 announced higher civil penalties, including penalties for the violation of the premerger notification requirement under the Hart-Scott-Rodino Act. From previously $11,000 per day of violation, the penalties were raised to $16,000 per day. The press release is here.
UPDATE: I had a typo in the new penalty amount: It’s $16,000. Thanks for the tip!
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