|Matter Type:||Federal Trade Commission|
|Relevant Jurisdiction(s):||Federal Trade Commission|
|Reporting Agencies:||Federal Trade Commission|
|Agreement Date:||March 28, 2017|
|Monitor Reference Term:||Monitor|
|Monitor Identity:||Richard Shermer|
|Monitor Selection Process:||
Monitor selected by Reporting Agency and named in Agreement. Term is "for such time as is necessary to monitor Respondents' compliance with the provisions of this Order, and Remedial Agreements". Also noted that Monitor may be same person as appointed as a Trustee per Par. V of the Agreement.
|Time to Propose Monitors:||N/A|
|Time to Engage Monitor:||N/A|
|Time to First Report:||90 days|
|Reporting Frequency:||Every 2 Months|
|Monitor Required Qualifications:||
None noted. Reporting Agency designated and named Monitor in Agreement.
|Summary of Monitor's Scope:||
Assure that Host Organization expeditiously complies with all of its obligations and performs all of its responsibilities as required by the Agreement. There is no underlying misconduct - Order designed to ensure fair trading due to an acquisition.
|Summary of Monitor's Activities:||
Assure Host Organization expeditiously complies with all obligations and performs all responsibilities as required by Agreement; Monitoring any transition services agreements; Assuring that Confidential Business Information is not received or used by Host Organization or Acquirers, except as allowed in the Agreement.
Monitor acts in fiduciary capacity for Reporting Agency. No business restrictions noted.