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U.S. v. Manulife Financial Corporation

United States District Court, D. Columbia
May 26, 2004
Civil Action No. 04 0722 (D.D.C. May. 26, 2004)

Opinion

Civil Action No. 04 0722.

May 26, 2004


FINAL JUDGMENT


Plaintiff, the United States of America, having commenced this action by filing its complaint herein for violation of Section 7A of the Clayton Act, 15 U.S.C. § 18a, commonly known as the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and Plaintiff and Defendant, Manulife Financial Corporation ("Manulife"), by their respective attorneys, having consented to the entry of this Final Judgment without trial or adjudication of any issue of fact or law herein, and without this Final Judgment constituting any evidence against or an admission by the Defendants with respect to any such issue:

NOW THEREFORE, before the taking of any testimony and without trial or adjudication of any issue of fact or law herein, and upon the consent of the parties hereto, it is hereby ORDERED, ADJUDGED AND DECREED:

I.

The Court has jurisdiction of the subject matter of this action and of the Plaintiff and the Defendant. The Complaint states a claim upon which relief can be granted against the Defendant under Section 7A of the Clayton Act, 15 U.S.C. § 18a.

II.

Judgment is hereby entered in this matter in favor of Plaintiff United States of America and against Defendant, and pursuant to Section 7A(g)(1) of the Clayton Act, 15 U.S.C. § 18a(g)(1), the Debt Collection Improvement Act of 1996, Pub.L. 104-134, § 31001(s) (amending the Federal Civil Penalties Inflation Adjustment Act of 1990, 28 U.S.C. § 2461), and Federal Trade Commission Rule 1.98, 16 C.F.R. § 1.98, 61 Fed. Reg. 54549 (Oct. 21, 1996), Defendant Manulife is ordered to pay a civil penalty in the amount of one million dollars ($1,000,000). Payment of the civil penalties ordered hereby shall be made by wire transfer of funds to the United States Treasury through the Treasury Financial Communications System or by cashier's check made payable to the Treasurer of the United States and delivered to Chief, FOIA Unit; Department of Justice Antitrust Division; 325 7th Street, NW, Suite 200; Washington, DC 20530. Defendant shall pay the full amount of the civil penalties within thirty (30) days of entry of this Final Judgment. In the event of a default in payment, interest at the rate of eighteen (18) percent per annum shall accrue thereon from the date of default to the date of payment.

III.

Each party shall bear its own costs of this action.

IV.

Entry of this Final Judgment is in the public interest.


Summaries of

U.S. v. Manulife Financial Corporation

United States District Court, D. Columbia
May 26, 2004
Civil Action No. 04 0722 (D.D.C. May. 26, 2004)
Case details for

U.S. v. Manulife Financial Corporation

Case Details

Full title:UNITED STATES OF AMERICA, Department of Justice, Antitrust Division 1401 H…

Court:United States District Court, D. Columbia

Date published: May 26, 2004

Citations

Civil Action No. 04 0722 (D.D.C. May. 26, 2004)