DOJ Fines ValueAct $11 million for HSR Violation | Practical Law
The Department of Justice (DOJ) fined ValueAct Capital, an activist investment firm, $11 million for failing to make Hart-Scott-Rodino (HSR) Act filings related to its purchase of over $2.5 billion of Halliburton and Baker Hughes voting shares. The settlement also prohibits ValueAct from relying on the investment-only exemption to HSR filings when making activist investments.