On Sept. 26, the U.S. Department of Justice filed a lawsuit challenging Parker Hannifin Corporation’s consummated acquisition of Clarcor Inc., a transaction that was reported to the DOJ and the Federal Trade Commission under the Hart-ScottRodino Act and for which the HSR waiting period had expired.
The complaint alleges that the merger substantially lessened competition and created a monopoly in markets for aviation fuel filtration products in the United States, and seeks divestiture of either Parker’s or Clarcor’s aviation fuel filtration assets.
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