Delayed antitrust stock-filing settlement
What happened
promisedocumented Trump described his business record as evidence that he could turn projects from vision into completion.
- The American Presidency Project: Remarks at Trump SoHo in New York City2016-06-22 · Opening paragraphs describing Trump's business record
actionalleged The government alleged that Trump acquired voting securities without timely filings required by the Hart-Scott-Rodino Act.
- U.S. Department of Justice: U.S. v. Donald J. Trump1988-04-05 · Complaint and final judgment links
- Federal Trade Commission: Donald Trump Agrees to Pay $750,000 Civil Penalty to Settle Charges of HSR Violations1988-04-05 · Release describing stock acquisitions, filing deadlines, and settlement
outcomedocumented A final civil judgment resolved the filing case and imposed a civil penalty.
- U.S. Department of Justice: U.S. v. Donald J. Trump1988-04-05 · Complaint and final judgment links
- Federal Trade Commission: Donald Trump Agrees to Pay $750,000 Civil Penalty to Settle Charges of HSR Violations1988-04-05 · Release describing stock acquisitions, filing deadlines, and settlement
limitationdocumented The settlement did not include an admission of liability.
- U.S. Department of Justice: U.S. v. Donald J. Trump1988-04-05 · Complaint and final judgment links
- Federal Trade Commission: Donald Trump Agrees to Pay $750,000 Civil Penalty to Settle Charges of HSR Violations1988-04-05 · Release describing stock acquisitions, filing deadlines, and settlement
- Los Angeles Times: New York financier Donald J. Trump said he reached an antitrust-filing settlement1988-04-06 · Entire report on the HSR stock-acquisition settlement
People and organizations
- Federal Trade Commissionaffected party
- Securities issuers and investorsaffected party
Assessment
The settlement contradicts any record of full procedural compliance for the cited acquisitions, and preserves the no-admission status.