| FOR IMMEDIATE RELEASE
WEDNESDAY, MARCH 11, 1998
TDD (202) 514-1888
WASHINGTON, D.C. -- The Department of Justice, the Federal Trade Commission and the National Association of Attorneys General today released a protocol under which federal and state antitrust enforcers will cooperate on merger investigations.
Merger transactions are often the subject of simultaneous investigations by either the DOJ or the FTC and one or more State Attorneys General. These numerous investigations can result in duplicative, overlapping and sometimes inconsistent requests for information.
The protocol, which reduces to writing the procedures that the Department and the FTC staff and states have been following in recent years, is designed to avoid unnecessary duplication. It is intended to reduce the compliance costs of merging parties and conserve scarce federal and state enforcement resources..
"I am proud of the effective partnership the Antitrust Division has forged with State Attorneys General to enforce our nation's antitrust laws," said Joel I. Klein, the Department's Assistant Attorney General in charge of the Antitrust Division. "Increased coordination with State Attorneys General benefits the public through more efficient and consistent antitrust enforcement."
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