Business Groups Sue To Block New HSR Form

In a joint lawsuit filed on January 10, the U.S. Chamber of Commerce, Longview Chamber of Commerce, American Investment Council, and Business Roundtable (collectively, the Plaintiffs) challenge the Federal Trade Commission's (FTC) recent changes to the premerger notification rules under the Hart-Scott-Rodino (HSR) Act, seeking to block the requirement to use a new HSR form that requires substantially more information and documents than required under the current HSR form.

Under the current HSR regime, parties to transactions meeting certain jurisdictional thresholds are required to submit an HSR form that includes information and documents about the transaction and the parties themselves to allow the FTC and the Antitrust Division of the Department of Justice (DOJ) to conduct a premerger investigation of whether the merger is likely to run afoul of antitrust law.