Share on LinkedInShare on LinkedIn

ARTICLE · 15 OCTOBER 2024

FTC And DOJ Finalize Major Changes To HSR Form And Disclosure Requirements

Goodwin Procter LLP
Explore more from Goodwin Procter LLP

On October 10, 2024, the U.S. Federal Trade Commission ("FTC") and Antitrust Division of the U.S. Department of Justice ("DOJ") announced a Notice of Final Rulemaking...

United StatesAntitrust/Competition Law
Paul S. Jin
Paul S. Jin
Simone Waterbury
Simone Waterbury
Kevin Walsh
Kevin Walsh

On October 10, 2024, the U.S. Federal Trade Commission ("FTC") and Antitrust Division of the U.S. Department of Justice ("DOJ") announced a Notice of Final Rulemaking regarding the Hart-Scott-Rodino ("HSR") Premerger Notification Form and Instructions that will be effective in January 2025 (90 days after publication in the Federal Register, which is expected next week).1 While some of the most onerous changes initially proposed in 2023 have been omitted or substantially modified, the final rules dramatically expand the information required for an HSR filing and, as a result, increase the associated burden and time to make such filings.

Parties contemplating transactions should consider the following headline additions to the HSR disclosure requirements:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Booking Holdings v. Commission: General Court Clears The Way For Reverse Leveraging

The General Court of the European Union has upheld the European Commission's prohibition of Booking Holdings' acquisition of eTraveli Group, endorsing for the first time a 'reverse leveraging' theory of harm in conglomerate mergers. This landmark judgment establishes that dominant companies can be blocked from acquiring complementary businesses even when the target operates in a market where the acquirer lacks dominance, fundamentally reshaping merger control enforcement in digital and ecosystem-driven mark
United StatesAntitrust/Competition Law
Baker Botts L.L.P.
Baker Botts L.L.P.
Article

KKR Agrees To Historic $250 Million Penalty For Alleged Violations Of HSR...

The Department of Justice announced a landmark $250 million settlement with KKR & Co. for allegedly submitting deficient Hart-Scott-Rodino Act notification forms across at least 16 transactions. This unprecedented penalty, the largest ever for HSR violations, raises critical questions about merger notification compliance obligations and the consequences of systemic noncompliance with federal antitrust review requirements.
United StatesAntitrust/Competition Law
Bracewell LLP
Bracewell LLP
Article

Recent Significant Federal Merger Enforcement Developments

The Justice Department has resumed targeted Second Request investigations to expedite merger reviews, while major entertainment industry consolidation faces legal challenges and the FTC secures record penalties for Hart-Scott-Rodino Act violations. These developments signal a shifting landscape in federal merger enforcement, balancing efficiency with rigorous antitrust scrutiny across multiple industries.
United StatesAntitrust/Competition Law
Wiggin and Dana LLP
Wiggin and Dana LLP
Article

DOJ Merger Investigation Closure Credits AI Competition And Highlights Targeted Second Request Reviews

The U.S. Department of Justice recently closed its investigation into a merger between two leading sales enablement software providers, citing AI competition as a key protective factor against potential competitive harm. This decision offers important insights into how antitrust agencies are evaluating AI-native companies as competitive constraints and implementing more efficient, targeted merger review processes in technology sector transactions.
United StatesAntitrust/Competition Law
A&O Shearman
A&O Shearman