The US Department of Justice (DOJ) filed a complaint and proposed consent decree alleging that Legends Hospitality Parent Holdings prematurely acquired beneficial ownership – often referred to as “gun jumping” – in connection with its proposed acquisition of ASM Global. The proposed final judgment requires Legends, a global venue services company providing food and beverage services in stadiums and other venues, to pay a $3.5 million penalty, as well as retain an antitrust compliance officer, implement antitrust training and compliance programs, and submit compliance reports to the DOJ.

To learn more about the investigation and proposed settlement please see the client alert published by Cooley’s antitrust team.

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