Third Point Settles With FTC Over 2011 Yahoo Disclosures

Third Point LLC reached Monday a settlement with the U.S. Department of Justice and Federal Trade Commission to resolve allegation that the hedge fund firm failed to properly file for antitrust clearance when it built a position in Yahoo in late 2011.

The New York hedge fund won’t pay a fine, though it could have faced millions of dollars in penalties under HSR rules.

Third Point failed to properly file for antitrust clearance

As outlined by ValueWalk, Yahoo was reported to have been contacted by a lawyer from the FTC in 2012 regarding their contact with Daniel Loeb, and what exactly happened when he bought up large pieces...