Third Point Settles With FTC Over 2011 Yahoo DisclosuresMani
Third Point LLC reached Monday a settlement with the U.S. Department of Justice and Federal Trade Commission to resolve allegation that the hedge fund firm failed to properly file for antitrust clearance when it built a position in Yahoo in late 2011.
The New York hedge fund won’t pay a fine, though it could have faced millions of dollars in penalties under HSR rules.
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