Retail fuel station and convenience store operator Alimentation Couche-Tard Inc. (“ACT”) and its former affiliate, CrossAmerica Partners LP (“CAPL”), have agreed to pay a $3.5 million civil penalty to the FTC to settle allegations that they violated a 2018 order requiring divestitures of 10 retail fuel stations in Minnesota and Wisconsin to Commission-approved buyers no later than June 15, 2018.
The 2018 order settled FTC charges that ACT’s and CAPL’s acquisition from Holiday Companies of approximately 380 retail fuel stations with attached convenience stores in 10 states was anticompetitive because it would have increased the risk of both unilateral and coordinated anticompetitive effects in 10 local retail fuel markets.
The FTC alleges that ACT and CAPL violated the 2018 order by:
The Commission votes to authorize the staff to file the civil penalty complaint and to approve the proposed judgment, and to issue a Commission Statement were both 5-0. The FTC filed the complaint and proposed judgment in U.S. District Court for the District of Columbia.
NOTE: The Commission authorizes the filing of a complaint when it has “reason to believe” that the named defendants are violating or are about to violate the law and it appears to the Commission that a proceeding is in the public interest. Judgments have the force of law when approved and signed by the District Court judge.
WASHINGTON – This week, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) hosted…
140,803 Taxpayers Filed Their Taxes Directly with the IRS for Free as users claimed more…
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the…
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is…
New Inflation Reduction Act Provision Broadens Access and Boosts Return on Clean Energy Tax CreditsWashington,…
As Prepared for DeliveryThank you all for coming together today for this important discussion. I am…