On Wednesday, October 19, 2022, the Department of Justice Antitrust Division (DOJ) announced that seven directors resigned from their board positions because of DOJ's concerns that holding the positions violated the Clayton Act's prohibition on interlocking directorates.
The Department of Justice Antitrust Division ("DOJ") announced on Wednesday that it has required several directors to resign from simultaneously serving on the corporate boards.
Department of Justice Antitrust Division DOJ announced it has required directors to resign from simultaneously serving on corporate boards of competitor companies. Division pledged to reinvigorate enforcement of Section 8 of Clayton Act prohibiting interlocking directorates.
On October 19, 2022, the Antitrust Division of the Department of Justice announced that seven directors resigned from five different US public company boards of directors following DOJ.
Key Points - Seven directors have resigned from the boards of five companies in response to U.S. DOJ concerns that their positions potentially violated Section 8 of the C.