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Agencies Increase Focus on Interlocking Directorates

October 17, 2023 (1 min read)

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.

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