Foreword

• Pages: 7-7

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FOREWORD

The Section of Antitrust Law is pleased to publish Interlocking

Directorates: Handbook on Section 8 of the Clayton Act. This book

provides history, background, and practical guidance on the application

of Section 8 of the Clayton Act.

Although Section 8 is not frequently enforced by the Department of

Justice or the Federal Trade Commission, it has always been an area of

the antitrust laws central to counseling, even if actual litigation invoking

the provision is rare. Section 8 is an important issue to the modern

corporation and, thus, to practitioners who advise those corporations.

Indeed, with the increased activity of private investment funds, many of

which take multiple board seats in addition to their equity positions,

Section 8 issues have become more widespread. In addition, as

technology companies expand their product reaches into new areas,

companies that previously did not compete have been confronted with

Section 8 issues.

The Section of Antitrust Law is grateful to the project chairs for this

volume, Rebecca Farrington and Andrew Finch, along with their team of

contributing authors, for undertaking and ably completing this useful

book, under the leadership of Brian K. Grube and Robert Leibenluft, and

Steven J. Cernak and Eric J. Stock, the Co-Chairs of the Joint Conduct

and Corporate Counseling Committees of the Section of Antitrust Law.

We trust this book will serve as a useful for tool for those who practice in

this field.

March 2011 Allan Van Fleet

Chair, Section of Antitrust Law

American Bar Association

2010-11