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 - Click for Restaurant Directory_____

 

A Sign of Our Times

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Grand Jury Report critical of Smithtown town
gover
nments supervision
of commercial
property demolition…

The Grand Jury Report is public record and available at the link below. It is 40 pages, but double spaced, and well worth the few minutes it takes to read it.

Please feel free to share your comments with us.

Click on link for Full Report

 

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Sign of our Times

By Eric Sailor

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« Congressman Zeldin Calls On DOJ To Investigate NYS Justice Center | Main | Suffolk County to Waive All Late Fees and Penalties for Outstanding Tickets »
Thursday
Dec062018

James Dolan To Pay $609,810 Civil Penalty

 

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 in Washington, D.C., against James Dolan for violating the premerger notification and waiting period requirements of the Hart-Scott-Rodino (HSR) Act of 1976 when he acquired voting securities of Madison Square Garden Company in 2017.  At the same time, the department filed a proposed settlement, subject to approval by the court, under which Dolan has agreed to pay a $609,810 civil penalty to resolve the lawsuit.

The HSR Act imposes notification and waiting period requirements for transactions meeting certain size thresholds so that they can undergo premerger antitrust review.  Federal courts can assess civil penalties for premerger notification violations under the HSR Act in lawsuits brought by the department.  The maximum civil penalty for an HSR violation, which is adjusted annually, is currently $41,484 per day.

Further details about this matter are described in the FTC’s press release issued today, and in the attached complaint and competitive impact statement.

Consistent with the requirements of 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 Roberta S. Baruch, Special Attorney, United States, c/o Federal Trade Commission, 600 Pennsylvania Avenue, NW, CC-8407, Washington, D.C. 20580.  At the conclusion of the 60-day comment period, the U.S. District Court for the District of Columbia may approve the proposed settlement upon finding that it is in the public interest.

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