Antitrust Advisory: Justice Department Obtains $5.67 Million in Civil Penalties for Merger Gun-Jumping
2/1/2003
The federal antitrust authorities have been vigilant in insisting that parties to mergers continue to act as competitors until their merger is closed. When parties deviate from that norm, the Department of Justice (DOJ) has extracted civil penalties for "gun-jumping" conduct. On February 6, 2003, the Justice Department resolved its most recent gun-jumping matter and announced a settlement with Gemstar-TV Guide that requires the Company to pay a record $5.67 million in civil penalties.
