Search Results for keywords:"Antitrust"

Found 4 results

Search Results: keywords:"Antitrust"

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  • 2025-01252 — United States of America v. XCL Resources Holdings, LLC, Verdun Oil Company II, LLC, and EP Energy LLC; Proposed Final Judgment and Competitive Impact Statement
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    Type:Notice
    Citation:90 FR 7159
    Reading Time:about 62 minutes

    The United States Department of Justice filed a complaint against XCL Resources Holdings, Verdun Oil Company II, and EP Energy, alleging that they violated the Hart-Scott-Rodino Act by assuming control over EP Energy before completing the required regulatory waiting period. They were accused of illegal coordination, including halting drilling activities and sharing sensitive information, which caused supply shortages and market disruptions. To resolve these allegations, the companies agreed to pay a civil penalty totaling over $5.6 million and implement compliance measures to prevent future violations. The court will oversee the agreement to ensure it aligns with public interest standards.

    Simple Explanation

    The U.S. government said three companies did something wrong by working together before they were supposed to, which made it harder for people to get what they needed. To fix this, the companies will pay a big fine and promise to follow the rules better next time.

  • 2025-01702 — Notice Pursuant to the National Cooperative Research and Production Act of 1993-The Institute of Electrical and Electronics Engineers, Inc.
    Type:Notice
    Citation:90 FR 8145
    Reading Time:about a minute or two

    The Institute of Electrical and Electronics Engineers, Inc. (IEEE) submitted notifications to the Attorney General and the Federal Trade Commission on October 15, 2024. These notifications disclosed the organization's address and details about its standards development activities, including 59 new standards and revisions to 32 existing ones. This filing aims to limit antitrust plaintiffs' recovery to actual damages in certain cases, as outlined by the National Cooperative Research and Production Act of 1993. Further information regarding these activities and programs can be found on the IEEE's website.

    Simple Explanation

    The IEEE, a big group that makes rules for electronics, told the U.S. government about 59 new rules and changes to 32 old ones to make sure they all play fair and follow the law. This means that if anyone complains about it being unfair, they can only ask for the exact amount they lost, not extra money.

  • 2021-03751 — Granting of Requests for Early Termination of the Waiting Period Under the Premerger Notification Rules
    Type:Notice
    Citation:86 FR 11294
    Reading Time:less than a minute

    The Federal Trade Commission has announced the granting of requests for early termination of the waiting period required under the premerger notification rules. The contact for further information is Theresa Kingsberry, from the Federal Trade Commission's Premerger Notification Office. The announcement was filed on February 23, 2021, and is available in document number 2021-03751 in the Federal Register.

    Simple Explanation

    The Federal Trade Commission is allowing some companies to skip a waiting period when they want to merge or join together. This makes it faster for them to make big business deals.

  • 2021-02940 — Notice Pursuant to the National Cooperative Research and Production Act of 1993-Consortium for Execution of Rendezvous and Servicing Operations
    Type:Notice
    Citation:86 FR 9372
    Reading Time:about a minute or two

    The Consortium for Execution of Rendezvous and Servicing Operations (CONFERS) has updated its membership and filed these changes with the Attorney General and the Federal Trade Commission. New members include ClearSpace SA from Switzerland and several U.S.-based companies, while Effective Space from the United Kingdom has left the group. The purpose of the filing is to extend the law that limits how much money can be recovered in antitrust lawsuits against CONFERS. The group plans to continue notifying about membership changes in the future.

    Simple Explanation

    The Consortium for Execution of Rendezvous and Servicing Operations (CONFERS) is like a group of space friends who work together. They have added some new friends and lost one old friend, and they've told the government about these changes to follow the rules.