Cleary Gottlieb and Quinn Emanuel have advised private equity giant KKR on a record $250m settlement with the US Department of Justice (DOJ) over violations of federal antitrust rules.
The civil penalty is the largest ever imposed under the Hart-Scott-Rodino (HSR) Act – which governs how acquirers must notify regulators before closing certain types of merger – and more than 20 times the previous record.
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