21 Jan 2025
⚖️Proposed Final Judgment and HSR Act Violations in Merger Case
United States of America v. XCL Resources Holdings, LLC, Verdun Oil Company II, LLC, and EP Energy LLC; Proposed Final Judgment and Competitive Impact Statement
Agencies
- Justice Department
- Antitrust Division
Business Impact
$$ - Med
The text outlines significant compliance and regulatory requirements under the HSR Act, highlighting a violation involving gun jumping in a merger between XCL Resources Holdings, Verdun Oil Company II, and EP Energy, which has direct consequences regarding civil penalties and operational conduct for businesses undergoing M&A activities.