FTC Fines Two Investment Funds for Failure to File Under HSR Act; $800,000 Penalty
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The Federal Trade Commission ("FTC") on Monday fined two investment funds, ESL Partners, L.P. ("ESL") and ZAM Holdings, L.P. ("ZAM"), $525,000 and $275,000, respectively, for their failure to make timely filings with the antitrust authorities, under the HSR Act, prior to acquiring blocks of shares of AutoZone, Inc. in September and October of 2004.