KKR settles US antitrust case accusing it of merger filing violations for $250 million
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The U.S. Justice accuses the financial investor of having withheld important documents from the antitrust authorities in more than a dozen cases, for which a million penalty is now due.
KKR settles US antitrust case accusing it of merger filing violations for $250 million
By Fabiola Arámburo and Mrinmay Dey Aug 26 (Reuters) - KKR has agreed to pay $250 million to settle a U.S. antitrust case which accused the private equity giant of repeatedly violating federal premerger filing requirements and evading antitrust scrut...
KKR to Pay $250 Million to Resolve DOJ Merger Filing Lawsuit
Private equity giant KKR & Co. has agreed to pay $250 million to resolve a civil antitrust case filed by the US Justice Department alleging the investment firm intentionally withheld documents from government-required merger reviews on more than a dozen deals, the largest-ever penalty for filing violations.
The financial investor has reached a settlement with the US Treasury Department in an antitrust case, agreeing to pay $250 million. KKR is accused of circumventing disclosure requirements in at least 16 acquisitions. This is the highest penalty of its kind.
The U.S. private equity company is criticized by the Department of Justice for at least breaching the rules for prior notification of M & A transactions on 16 occasions.
KKR agrees record $250m settlement with US Justice Department over deal filings
KKR has agreed to pay $250m to resolve a US Department of Justice lawsuit alleging the private equity firm failed to comply with federal pre-merger filing requirements in connection with a series of buyouts, according to a report by the Financial Times. The settlement represents the largest-ever civil penalty for violations of the Hart-Scott-Rodino Act, which requires companies involved in certain mergers and acquisitions to provide information …
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