DOJ Files Settlement on Behalf of Federal Trade Commission Concerning Third Point's Violation of Premerger Notification Requirements
The Justice Department’s Antitrust Division, at the request of the Federal Trade Commission (FTC), filed a civil antitrust lawsuit today in U.S. District Court of the District of Columbia against Third Point LLC and three Third Point funds. At the same time, the department filed a proposed settlement that, if approved by the court, will settle the charges. Further details about this matter are described in the FTC’s press release issued today, and in the attached complaint and Competitive Impact Statement.
As required by the Tunney Act, the proposed settlement, along with the Competitive Impact Statement, will be published in the Federal Register. Any person may submit written comments concerning the proposed settlement during a 60-day comment period to Daniel P. Ducore, Special Attorney, United States, c/o Federal Trade Commission, 600 Pennsylvania Avenue, NW, Washington, DC 20580. At the conclusion of the 60-day comment period, the U.S. District Court of the District of Columbia may approve the proposed settlement upon finding that it is in the public interest.