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Business Articles Awards > Mergers

Illegal Pre-Merger Coordination Results in $4.95 Million Antitrust Fine for Gun-Jumping

Ted Hassi, Courtney Dyer, Julia Schiller, and Courtney C. Byrd, O’Melveny Myers, Alerts, November 2014

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On November 7, 2014, the Antitrust Division of the U.S. Department of Justice (“DOJ”) announced a proposed $4.95 million settlement with Flakeboard America Limited, its parent companies Celulosa Arauco y Constitución S.A. and Inversiones Angelini y Compañía Limitada (collectively, “Flakeboard”), and SierraPine Limited (“SierraPine”) for alleged “gun-jumping” while the parties’ proposed transaction was under antitrust review.

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