Paul Lee

Jan 14, 2025 | jdsupra.com | Paul Feinstein |Paul Lee

On January 7, 2025, the U.S. Department of Justice (DOJ) filed suit against three Texas-based crude oil companies—XCL Resources Holdings, LLC (XCL), Verdun Oil Company II, LLC (Verdun), and EP Energy LLC (EP)—alleging unlawful pre-merger coordination in violation of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the HSR Act), conduct also known as "gun jumping." The alleged conduct occurred in connection with XCL and Verdun's proposed acquisition of EP that triggered notice and...

Jan 14, 2025 | jdsupra.com | Paul Feinstein |Paul Lee

On January 10, 2025, the Federal Trade Commission (FTC) announced its annual adjustments to the filing thresholds and fees under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the HSR Act). Because of this year's adjustments, transactions valued at more than $126.4 million may trigger an HSR filing. The new thresholds and filing fees will take effect 30 days after they are published in the Federal Register, which is expected in the coming days.

Sep 24, 2024 | jdsupra.com | Paul Feinstein |Paul Lee

On September 18, 2024, the Federal Trade Commission (FTC) announced that Ryan Cohen, an entrepreneur and the current chairman and CEO of GameStop Corp., has agreed to pay $985,320 to settle charges that his acquisition of Wells Fargo & Company (Wells Fargo) stock violated the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) because he failed to submit an HSR filing on time.

May 6, 2024 | jdsupra.com | Lisa Jose Fales |Paul Lee |Paul Lee |Paul Lee |Paul Feinstein

On April 23, 2024, the Federal Trade Commission (FTC) greenlit a sweeping prohibition on the use of noncompete agreements by for-profit employers nationwide. In a party-line vote, the FTC voted 3–2 to approve a final rule that bans the use of most noncompete agreements with employees.