Jonathan Grossman, Thomas Ingalls and Michael de Leeuw, members of Cozen O'Connor's Commercial Litigation department discuss the recent Caledonia matter in the New York Law Journal. Caledonia Investments, a U.K. investment trust company, recently agreed to pay a $480,000 fine to resolve allegations that it violated the notice and waiting period of the Hart-Scott-Rodino Act (HSR). This settlement was notable both because of the size of the fine and because it was imposed notwithstanding the fact that Caledonia self-reported the violation and made a corrective filing.
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