Mr Richard J Parrino

Richard J Parrino

Updates

Competition & Antitrust

CEO fined for Hart-Scott-Rodino violation on acquisition of stock-based compensation
USA | 26 January 2012

A public company chief executive recently consented to a federal district court order requiring him to pay a $500,000 civil penalty for violating the Hart-Scott-Rodino Act. The Department of Justice Antitrust Division charged the executive with failing to satisfy the act's notification and waiting period requirements before acquiring common stock under his company's stock-based compensation programmes.