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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Violating Antitrust Premerger Notification Requirements

MacAndrews & Forbes Holdings Inc. paid a $720,000 civil penalty to settle charges that the company violated premerger reporting and waiting requirements when it acquired voting securities of Scientific Games Corporation. The Department of Justice (DOJ), at the request of the Federal Trade Commission (FTC), filed a civil antitrust lawsuit against MacAndrews & Forbes for violating the notification requirements of the Hart-Scott-Rodino (HSR) Act of 1976 (a/k/a Section 7A of the Clayton Act). The government alleged that MacAndrews & Forbes failed to comply with the antitrust premerger notification requirements of the HSR Act before acquiring voting securities of Scientific Games in June 2012. Based on a previous acquisition in February 2007, MacAndrews & Forbes could acquire voting securities of Scientific Games for five years without making a new HSR filing – until February 9, 2012. However, MacAndrews & Forbes failed to make a new filing prior to its June 4 and 5, 2012, acquisitions of 800,000 shares of Scientific Games, which occurred after the five year grace period had expired.

Misconduct Type
Antitrust
Enforcement Agency
Multiple Agencies
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Final Judgment
6/20/2013
Contractors Involved Penalty
Total
MacAndrews AMG Holdings $720,000
Further Information Released
Complaint 6/20/2013
DOJ Press Release 6/20/2013
Final Judgment 6/20/2013
FTC Press Release 6/20/2013

Federal Contractor Misconduct Database