Core States Group
MONTH-IN-BRIEF (Aug 2023)
Antitrust Law
Antitrust Agencies Continue to Ramp Up Interlocking Director Enforcement
By Barbara Sicalides & Sean Craig, Troutman, Pepper, Hamilton, Sanders, LLP
The Federal Trade Commission’s recent challenge to EQT Corporation’s acquisition of the Quantum Energy Partners private equity group “marks the FTC’s first case in 40 years that enforces Section 8 of the Clayton Act” and preempts a proposed board of directors interlock. On the same date, the Department of Justice announced the resignation of two Pinterest directors from the board of Nextdoor in response to the DOJ’s ongoing enforcement initiative to put an end to interlocking directorates.
