WASHINGTON, Jan. 16 -- Federal Trade Commission has issued a notice called: Revised Jurisdictional Thresholds for Section 8 of the Clayton Act.
The notice was published in the Federal Register on Jan. 16 by Joel Christie, Acting Secretary.
Summary: The Federal Trade Commission announces the revised thresholds for interlocking directorates required by the 1990 amendment of Section 8 of the Clayton Act. Section 8 prohibits, with certain exceptions, one person from serving as a director or officer of two competing corporations if two thresholds are met. Competitor corporations are covered by Section 8 if each one has capital, surplus, and undivided profits aggregating more than $10, 000, 000, with the exception that no corporation is covered...