News & Analysis as of

Disclosure Requirements Department of Justice (DOJ) Hart-Scott-Rodino Act

EDRM - Electronic Discovery Reference Model

HSR Filings Fall Sharply in March 2025, Lowest Monthly Total Since Early Pandemic

ComplexDiscovery Editor’s Note: The March 2025 Hart-Scott-Rodino (HSR) filings dropped to 89 transactions, marking the lowest monthly total since the early months of the COVID-19 pandemic in April and May 2020. This...more

HaystackID

March 2025 HSR Filings Hit Five-Year Low Amid Regulatory Overhaul and Legal Challenge

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The federal premerger notification program administered under the Hart-Scott-Rodino (HSR) Act recorded just 89 transactions in March 2025, marking the lowest monthly filing total in nearly five years. This downturn is the...more

Amundsen Davis LLC

New Merger Review Process: How to Prepare for Your Next Filing

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The Hart-Scott-Rodino (HSR) Act is a federal law that requires parties to a future business sale transaction to disclose certain information to determine that the transaction does not violate antitrust laws and harm...more

Ropes & Gray LLP

[Podcast] Antitrust Insights: New HSR Rules Now in Effect

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On this episode of Ropes & Gray’s Antitrust Insights podcast series, seasoned antitrust partners and former FTC and DOJ prosecutors Jonathan Klarfeld and Samer Musallam discuss significant changes—and their substantial impact...more

Paul Hastings LLP

The FSR Frontier: Foreign Subsidy Scrutiny on Both Sides of the Atlantic

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Regulators around the world are concerned with foreign subsidies. In the United States, on 10 October 2024, the Federal Trade Commission voted 5–0 to adopt new rules under the Hart-Scott-Rodino (“HSR”) Antitrust Improvements...more

A&O Shearman

Antitrust in Focus - October 2024

A&O Shearman on

This newsletter is a summary of the antitrust developments we think are most interesting to your business. Roxane Hicheri (counsel based in Paris) and Mark Steenson (counsel based in London) are our editors this month. They...more

Holland & Knight LLP

FTC Issues New HSR Rules Significantly Expanding Current Antitrust Reporting Obligations

Holland & Knight LLP on

The Federal Trade Commission (FTC) voted unanimously on Oct. 10, 2024, to substantially amend the Hart-Scott-Rodino Act (HSR) premerger notification rules, HSR form and instructions, expanding the scope of information and...more

Fenwick & West LLP

Inside the FTC’s Sweeping Overhaul of U.S. Antitrust Merger Filing Requirements

Fenwick & West LLP on

The Federal Trade Commission (FTC), with the concurrence of the Department of Justice, has unanimously adopted sweeping changes to the Hart-Scott-Rodino Act (HSR) rules. ...more

Latham & Watkins LLP

FTC Adopts Major Changes to HSR Merger Notification Form

Latham & Watkins LLP on

Effective mid-January 2025, the FTC’s new HSR notification process will significantly increase the burden and cost of filing M&A notifications under the HSR Act. On October 10, 2024, the US Federal Trade Commission (FTC)...more

Goodwin

FTC and DOJ Finalize Major Changes to HSR Form and Disclosure Requirements

Goodwin on

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...more

Husch Blackwell LLP

M&A Antitrust Update: FTC Approves Significant Changes to HSR Filings

Husch Blackwell LLP on

The Federal Trade Commission (FTC) announced it approved changes to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act), as amended, that apply to parties who enter into HSR Act reportable mergers,...more

Seyfarth Shaw LLP

FTC Announces Hart-Scott-Rodino Act Thresholds and Filing Fees for 2024

Seyfarth Shaw LLP on

Seyfarth Synopsis: On January 22, 2024, the Federal Trade Commission (FTC) announced that the 2024 threshold for applying the size-of-parties test of the Hart-Scott-Rodino (HSR) Act will increase from $111.4 million to...more

Proskauer Rose LLP

Question of the Week: What do companies need to know if the Federal Trade Commission's proposed merger review changes are...

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“Merger review is about to get thornier. While the FTC and DOJ have been tightening the merger review process incrementally over the course of the Biden administration, the newly proposed HSR rule changes represent a...more

Polsinelli

Proposed Changes to HSR Process Could Quadruple the Burden of Making Premerger Notification to Antitrust Enforcement Agencies

Polsinelli on

The Federal Trade Commission and the Department of Justice Antitrust Division have proposed a massive redesign of the premerger notification process—one that may increase the time to complete an HSR filing from 37 to 144...more

Perkins Coie

New Legislation Affects Antitrust Venue and Foreign Subsidy Disclosures 

Perkins Coie on

President Biden signed into law H.R. 2617, the Consolidated Appropriations Act, 2023 on December 29, 2022. This new legislation includes the Merger Filing Fee Modernization Act of 2022 (MFFMA), which amends the amounts and...more

Vinson & Elkins LLP

Congress Increases U.S. Merger Filing Fees, Adds Foreign Subsidy Disclosure Requirements, and Empowers State Attorneys General

Vinson & Elkins LLP on

Hart-Scott-Rodino (“HSR”) Act (“HSR Act”) fees are changing, and the HSR process is also changing with the inclusion of new filing tiers, one less expensive tier, several much more expensive tiers, and new state-level and...more

Pillsbury Winthrop Shaw Pittman LLP

HSR Merger Filing Fees Significantly Increase for Transactions Valued at $500 Million or More; Highest Fee Increasing by 700%

New legislation lowers HSR filing fees for most transactions valued less than $500 million but increases the fees for transactions valued at or above $500 million, while introducing a new requirement to disclose subsidies...more

Mintz - Antitrust Viewpoints

New Law Hikes HSR Merger Filing Fees for Large Deals and Imposes Foreign Subsidy Disclosure Requirement

Congress passed the Merger Filing Fee Modernization Act of 2022 (“Filing Fee Modernization Act”) on December 23, 2022 as part of a broader omnibus spending bill. It was signed into law by President Biden on December 29, 2022....more

McGuireWoods LLP

Federal Trade Commission to Expand Scope of Merger Review Information Requests

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Building on recent changes to and statements about the merger review process since Lina Khan became Chair, the Federal Trade Commission (FTC) announced Sept. 28, 2021, that it would expand the substantive scope of its...more

Jones Day

DOJ Merger Challenge Makes Unprecedented Use of Arbitration to Determine Market Definition

Jones Day on

The Situation:The U.S. Department of Justice ("DOJ") has sued to block a proposed acquisition of Aleris Corporation by Novelis Inc. In an unprecedented move, the parties and DOJ agreed to refer the "dispositive" issue of...more

Womble Bond Dickinson

Minimizing Antitrust Risk in M&A Transactions

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For any company looking to enter into a merger or acquisition, the laundry list of necessary pre-closing tasks can start to add up. But, just as companies must complete due diligence and identify negotiation strategies, it...more

Morrison & Foerster LLP

Recent Cases Serve as a Reminder of the Potential Impact of HSR Reporting Requirements and Other Key Disclosure Rules on...

Two recent enforcement actions by the Department of Justice and the Federal Trade Commission (the “FTC”) confirm that there is continuing attention in the United States on compliance by investors with the reporting...more

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