Qualcomm Inc. and Flarion Technologies Inc.

The Department of Justice filed civil antitrust charges against the two companies for allegedly violating pre-merger waiting period requirements. The Antitrust Division claimed Qualcomm obtained operational control in its acquisition in violation of government waiting periods required of merging companies. Under the Hart-Scott-Rodino Act, companies undergoing acquisitions or mergers are held to specific requirements including a mandatory 30-day waiting period in which antitrust agencies can investigate the transaction and decide whether they violate the law. Qualcomm Inc. and Flarion Technologies Inc. agreed to the pay a $1.8 million settlement in civil penalties. (Apr-14-06) [PHYS ORG]

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