17 Oct 2023
Agencies Increase Focus on Interlocking Directorates
On August 16, 2023, the Federal Trade Commission (FTC) brought an enforcement action resolving its concerns in a transaction between private equity firm Quantum Energy Partners and natural gas producer EQT Corporation. Most notably, the consent order alleged that an interlock was illegal, even though the entities involved were non-corporate entities. This represents the first time the FTC has enforced Section 8 of the Clayton Act in over 40 years. The Department of Justice (DOJ) has also recently been focused on Section 8 enforcement.
Related Content
- DOJ/FTC Antitrust Agency Developments Tracker
Track the DOJ’s Section 8 enforcement.
- Interlocking Directorate Antitrust Compliance Checklist
Understand the elements of Section 8 Interlocks.
Practical Guidance Updates
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- DOJ/FTC Antitrust Case Tracker (Merger)
- DOJ Antitrust Case Tracker (Civil Nonmerger)
- FTC Antitrust Case Tracker (Civil Nonmerger)
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