Debevoise & Plimpton. Credit: ALM
James Dolan, executive chairman and CEO of Madison Square Garden Company, agreed to pay a $609,810 fine for an antitrust reporting violation. Behind the scenes, Dolan had reached a separate deal on who'd pick up the tab.
December 13, 2018 at 01:53 PM
1 minute read
The original version of this story was published on Nationallawjournal/nationallawjournal
When New York Knicks owner James Dolan settled claims last week that he failed to notify the government of additional shares he’d taken in the Madison Square Garden Company, the U.S. Justice Department and Federal Trade Commission announced in news releases that he agreed to pay a $609,810 fine.
Behind the scenes, Dolan, the executive chairman and CEO of the Madison Square Garden Company, had reached another deal: His law firm, Debevoise & Plimpton, was going to pay the penalty.
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