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Legends ordered to pay $3.5M, hire compliance officer over pre-merger activity
By 
Adrianne Appel2024-08-07T17:42:00
A hospitality company agreed to pay $3.5 million and appoint an anti-trust compliance officer to settle allegations by the Department of Justice (DOJ) that it engaged in illegal pre-merger activity.
Legends Hospitality Parent Holdings, the brainchild of Dallas Cowboys owner Jerry Jones and the late owner of the New York Yankees George Steinbrenner, announced in November the acquisition of ASM Global, a venue management and services company.
Legends took control of some aspects of ASM operations and became involved with venue management for a California arena before a required legal waiting period, a violation of the Hart-Scott-Rodino Act, the DOJ alleged. HSRA prohibits companies from improperly combining operations or other aspects of their businesses before expiration of the waiting period, the DOJ said in a press release Monday.
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