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Hart-Scott-Rodino Act › Department of Justice (DOJ) › Waiting Periods

The Hart-Scott Rodino Antitrust Improvements Act is a United States federal statute enacted in 1976 establishing the federal premerger notification program. Under the Act, parties contemplating mergers or... more +
The Hart-Scott Rodino Antitrust Improvements Act is a United States federal statute enacted in 1976 establishing the federal premerger notification program. Under the Act, parties contemplating mergers or acquisitions must notify the Department of Justice and the Federal Trade Commission prior to completing the transaction. Once notified, the DOJ and FTC investigate and make a determination as to whether the proposed transaction will adversely impact U.S. commerce and competition within the market. less -
Morrison & Foerster LLP

Don’t Jump the Gun: The US Department of Justice Issues Rare $3.5 Million Civil Penalty for Gun Jumping

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On August 5, 2024, the U.S. Department of Justice (DOJ) filed a proposed settlement with Legends Hospitality Parent Holdings (“Legends”), a global venue services company, in connection with its proposed acquisition of ASM...more

Epstein Becker & Green

FTC Calls on Congress to “Modernize” HSR Act and Extend Waiting Periods

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Parties to transactions that are reportable under the Hart-Scott-Rodino Antitrust Improvements (HSR) Act must observe a mandatory pre-close waiting period—30 days for most transactions—after reporting the transaction to the...more

Akin Gump Strauss Hauer & Feld LLP

FTC Updates HSR Filing Fees and Revises Thresholds for 2024; Minimum Size for Reportable Transactions Increases to $119.5 Million

Akin Gump Strauss Hauer & Feld LLP on

Key Points - The HSR Act requires parties that meet certain transaction size and other tests to file premerger notification forms for mergers and other transactions with both the Federal Trade Commission (FTC) and...more

HaystackID

A Hart-Scott-Rodino Act Transaction Update (June 2022)

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Editor’s Note: The Hart-Scott-Rodino Act established the federal premerger notification program, which provides the FTC and the Department of Justice with information about large mergers and acquisitions before they occur....more

HaystackID

Consistent and Controlled? A Hart-Scott-Rodino Act Transaction Update (March 2022)

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A Hart-Scott-Rodino Act Transaction Update (March 2022) - Taken from the latest published Hart-Scott-Rodino (HSR) Premerger Notification monthly transactions as shared by the Federal Trade Commission (FTC) and augmented by...more

Epstein Becker & Green

Return of Early Termination of the HSR Waiting Period Not on the FTC’s Agenda, According to Commissioner Phillips

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Parties to a transaction subject to the reporting requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) must adhere to a statutory waiting period (30 days for most transactions) after filing their...more

White & Case LLP

Federal Trade Commission’s Pre-Consummation Warning Letters Signal New Risk of Closing After Hart-Scott-Rodino Act Waiting Period...

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On Tuesday, August 3, 2021, the Federal Trade Commission announced a new approach for merger investigations that the FTC does not complete during the Hart-Scott-Rodino Act (HSR) waiting period—the FTC may advise merging...more

Skadden, Arps, Slate, Meagher & Flom LLP

FTC Announces Unprecedented Indefinite Moratorium on Early Terminations of HSR Act Waiting Periods

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On Thursday, February 4, 2021, the Federal Trade Commission (FTC), with the concurrence of the Department of Justice’s Antitrust Division (DOJ), announced that it had suspended the process by which requests for early...more

Jones Day

Antitrust Agencies Suspend Early Termination of HSR Waiting Period

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Merging parties in all HSR reportable transactions must observe the full 30-day waiting period before closing a deal. On February 4, 2021, the U.S. antitrust agencies announced that they are temporarily suspending the...more

White & Case LLP

Grants of early termination of HSR waiting period temporarily suspended by DOJ and FTC – merging parties should expect to wait the...

White & Case LLP on

For further information, please visit the White & Case Coronavirus Resource Center. The Federal Trade Commission ("FTC") and Department of Justice ("DOJ") announced today that they are temporarily suspending any grants of...more

Dorsey & Whitney LLP

FTC Temporarily Suspends Early Terminations

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The FTC and DOJ announced today the temporary suspension of the practice of granting “early termination” of the HSR waiting period. In other words, for the time being, you should assume that any reportable transaction will...more

Dorsey & Whitney LLP

Recent Hart-Scott Rodino Developments

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Canadian companies engaged in M&A transactions with connections to the United States should be aware of recent changes to the rules under the Hart-Scott Rodino (HSR) Act. On February 2, 2021, the US Federal Trade...more

Benesch

FTC Announces Temporary Suspension of Early Terminations for HSR Filing Waiting Period; Reduced Filing Thresholds Go Into Effect...

Benesch on

The Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ) announced that both agencies will temporarily suspend the discretionary practice of early terminations of the Hart-Scott-Rodino Act (HSR) waiting...more

Alston & Bird

Antitrust Agencies Temporarily Suspend Early Termination of Pre-Merger Waiting Periods

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Our Antitrust and M&A Groups offer practical advice for companies seeking mergers or acquisitions in the wake of the DOJ’s and FTC’s “temporary suspension” of early termination of waiting periods. ...more

BCLP

U.S. Antitrust Agencies Suspend Early Termination of Merger Review Waiting Periods

BCLP on

Today, the U.S. antitrust agencies announced a temporary suspension of the long-time practice of granting “early termination” of required premerger waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act (the...more

Orrick - Antitrust Watch

No HSR Filing Means No Antitrust Issues? Think Again!

Orrick - Antitrust Watch on

My transaction does not require an HSR filing. That means we don’t have to worry about potential antitrust issues, right? WRONG. The HSR Act requires that parties to certain transactions submit a premerger notification...more

Proskauer Rose LLP

Merger Woes for Hedge Fund as Obscure HSR Rule Spells Trouble and $600K Penalty

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According to a complaint filed by the Department of Justice, several funds affiliated with Third Point Management failed to file and observe the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976...more

Polsinelli

Antitrust Enforcers Target Securities Transactions for Violating the HSR ACT

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U.S. antitrust enforcers continue to seek stiff penalties from companies that commit “gun jumping” by closing certain securities transactions without reporting them to the Federal Trade Commission (FTC) and United States...more

Hogan Lovells

Third Point to pay monetary penalty to settle allegations of HSR Act violations

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On 28 August 2019 investment advisor Third Point LLC (Third Point) and three funds under its control – Third Point Partners Qualified L.P., Third Point Ultra, Ltd., and Third Point Offshore Fund Ltd. (collectively, the Third...more

Jones Day

Transaction "Designed" to Evade Merger Control Leads to U.S. and EU Penalties

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The Development: Antitrust authorities in the United States and European Union have assessed penalties and fines against Canon, and in the United States, Toshiba, for structuring a transaction to avoid premerger notification...more

Perkins Coie

Companies Fined for Evading HSR Premerger Notification and Waiting Requirements

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The U.S. Department of Justice (DOJ) announced earlier this month that Canon and Toshiba agreed to each pay $2.5 million to settle allegations that they schemed to avoid complying with Hart-Scott-Rodino Act (HSR) antitrust...more

Epstein Becker & Green

Early Termination of HSR Waiting Period Is Not Available During Government Shutdown

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The Hart-Scott-Rodino Antitrust Improvements Act (“HSR”) (section 7A of the Clayton Act, 15 U.S.C. §18a) requires parties to a transaction meeting certain size thresholds to complete and file a Notification and Report Form...more

Dorsey & Whitney LLP

HSR Reminder and Sporting News Update

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You know your area of law is hot when it makes the sports section. This past week several sports pages reported that James Dolan (owner of the New York Knicks and CEO of Madison Square Garden) had been fined $609,810 for...more

Wilson Sonsini Goodrich & Rosati

DOJ Reminds Companies That Expiration of HSR Waiting Period Is Not Always the Antitrust Agencies' Final Say

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On September 26, 2017, the Department of Justice (DOJ) filed a complaint in the U.S. District Court for the District of Delaware challenging Parker-Hannifin Corporation's (Parker's) consummated acquisition of CLARCOR, Inc....more

A&O Shearman

DOJ’s Challenge of Parker-Clarcor: HSR Clearance Does Not Equal Safe From DOJ Challenge

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On September 26, the DOJ challenged Parker-Hannifin’s $4.3-billion consummated acquisition of Clarcor, serving as a reminder that receiving HSR clearance does not immunize transactions from being challenged, even after...more

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