United States v. William F. Farley

CUMMINGS, Circuit Judge.

In January 1992 the United States filed a complaint alleging that William F. Farley violated Section 7A of the Clayton Act, 15 U.S.C. § 18a, commonly called the Hart-Scott-Rodino Antitrust Improvements Act (“HSR Act”). The complaint alleges that on March 24, 1988, Farley failed to notify the Department of Justice and the Federal Trade Commission (“FTC”) when his purchases of the stock of West Point-Pepperell, Inc. (‘West Point”) exceeded $15 million, the point at which the reporting requirements of the HSR Act contained in 15 U.S.C. § 18a(a)(3)(B) are triggered. The…