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.

Click here to view the full article