Cherubim Interests, Inc., PDX Partners, Inc., Victura Construction Group, Inc., and Patrick Jevon Johnson

Litigation Release No. 24380 / December 26, 2018 Securities and Exchange Commission v. Cherubim Interests, Inc., PDX Partners, Inc., Victura Construction Group, Inc., and Patrick Jevon Johnson, No. 2:18-mc-00175 (C.D. Cal. filed December 21, 2018) The Securities and Exchange Commission filed a subpoena enforcement action against three penny-stock companies and their CEO – Cherubim Interests, […]

China United Insurance Service, Inc., et al.

Litigation Release No. 24378 / December 21, 2018 Securities and Exchange Commission v. China United Insurance Service, Inc., et al., No. 18:CV:12055 (S.D.N.Y. filed Dec. 20, 2018) A Taiwan-based insurance company and one of its former managers have agreed to settle fraud charges brought by the Securities and Exchange Commission relating to a scheme to […]

Examination Cycle

FIL-89-2018 December 21, 2018 Examination Cycle Final Rules on Expanded Examination Cycle for Certain Small Insured Depository Institutions and U.S. Branches and Agencies of Foreign Banks Printable Format: FIL-89-2018 – PDF (PDF Help) Summary: The FDIC and the other federal financial institution regulatory agencies have adopted as final without change the interim final rules issued […]

FTC Announces the Tenth Session of its Hearings on Competition and Consumer Protection in the 21st Century

ALERT: This Hearing scheduled for January 16 was cancelled due to the Government shutdown, and rescheduled to March 20, 2019. The Federal Trade Commission today announced the tenth session of its Hearings Initiative. The session, focused on competition and consumer protection issues in broadband markets, will take place on January 16, 2019, at the FTC’s Constitution […]

FTC Imposes Conditions in Joint Venture among Three Producers of PET Resin

Three PET resin producers have agreed to restructure their transaction and to accept certain other conditions to settle Federal Trade Commission charges that their proposed $1.1 billion joint acquisition out of bankruptcy of an under-construction PET production facility would violate federal antitrust law. Polyethylene terephthalate resin, or PET, is a plastic polymer used primarily to […]

FTC Requests Public Comment on an Application from Praxair and Linde to Approve Sale of Industrial Gases Assets to Matheson Tri-Gas, Inc.

The Federal Trade Commission is currently accepting public comments on an application from Praxair, Inc. and Linde AG to divest hydrogen facilities and other assets to Matheson Tri-Gas, Inc. The divestiture is required by the FTC’s Oct. 22, 2018, proposed order requiring Praxair and Linde to divest certain industrial gases assets to settle charges that […]

FTC Requests Public Comment on an Application from Praxair and Linde to Approve Sale of an Industrial Gases Plant to LyondellBasell

The Federal Trade Commission is currently accepting public comments on an application from industrial gas suppliers Praxair, Inc. and Linde AG to divest a hydrogen gas and carbon monoxide gas plant to LyondellBasell Industries N.V. The divestiture of the plant is required under the FTC’s October 22, 2018 proposed order, which requires Praxair and Linde […]

Management Interlocks

FIL-88-2018 December 20, 2018 Management Interlocks Interagency Proposed Rule on Thresholds Increase for Major Assets Prohibition of the Depository Institution Management Interlocks Act Rules Printable Format: FIL-88-2018 – PDF (PDF Help) Summary: The FDIC and the other federal financial institution regulatory agencies have jointly issued a proposed rulemaking to raise the thresholds for the Major […]

FTC Requests Public Comment on an Application from Praxair and Linde to Approve Sale of Industrial Gases Assets to a Messer Group GmbH/CVC Capital Partners Joint Venture

The Federal Trade Commission is currently accepting public comments on an application from Praxair, Inc. and Linde AG to divest industrial gases assets to a joint venture between Messer Group GmbH and CVC Capital Partners. Messer will maintain majority control of the joint venture. The divestiture of the assets is required under the FTC’s Oct. […]