WASHINGTON, Aug. 26 -- The U.S. Department of Justice's Antitrust Division issued the following news release:
The Justice Department filed a proposed settlement today requiring KKR & Co. GP LLC to pay a civil penalty of $250,000,000 to resolve allegations that KKR repeatedly flouted the premerger antitrust review process. The United States' Complaint alleged KKR evaded antitrust scrutiny for at least 16 separate transactions by failing to comply with the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).
"This historic $250 million civil penalty - more than 20 times any prior HSR penalty obtained by the DOJ - sends a powerful message: the Department is committed to vigorous enforcement of the Act," said Associate Attorney Gen...