FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Summary
Court:
U.S. District Court
(E.D. Texas)
Amicus Issue:
Whether passive investors could be in violation of Section 7 of the Clayton Antitrust Act of 1914, which prohibits the acquisition of stock when “the effect of such acquisition may be substantially to lessen competition,” simply because the passive investors have cross-ownership interests in competing companies.
Counsel of Record:
Morgan Lewis LLP
Jon R. Roellke
William S.D. Cravens
William T. McEnroe
Zachary M. Johns
Stephen LaBrecque
Other Amici:
None.
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