- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-03-09T21:13:00
Five more corporate board members resigned after being flagged by the Department of Justice (DOJ) for potentially violating the antitrust provisions of the Clayton Act.
A total of 13 board members have now resigned, including those announced Thursday by the DOJ in a press release.
Companies have been on notice since an April 2022 speech by Assistant Attorney General Jonathan Kanter warning the DOJ intended to step up its enforcement of Section 8 of the Clayton Act, which prohibits directors and officers from sitting on boards of competing businesses.
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2024-04-02T00:04:00Z By Kyle Brasseur
Two directors on the board at media giant Warner Bros. Discovery resigned after the Department of Justice raised antitrust concerns regarding their similar positions on the board of Charter Communications.
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A significant settlement in a U.S. tax fraud case against Credit Suisse contains numerous compliance lessons related to beneficial ownership and due diligence in mergers and acquisitions.
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