Illegal Pre-Merger Coordination Results in $4.95 Million Antitrust Fine for Gun-Jumping

On November 7, 2014, the Antitrust Division of the U.S. Department of Justice (“DOJ”) announced a proposed $4.95 million settlement with Flakeboard America Limited, its parent companies Celulosa Arauco y Constitución S.A. and Inversiones Angelini y Compañía Limitada (collectively, “Flakeboard”), and SierraPine Limited (“SierraPine”) for alleged “gun-jumping” while the parties’ proposed transaction was under antitrust review.