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FTC Drops Philadelphia-area Hospital Merger Challenge

After a years-long run of successfully challenging hospital mergers, the Federal Trade Commission (“FTC”) has voted to withdraw an appeal related to its attempt to block the merger of two healthcare providers in the greater...more

Buyers Beware: An Increased Risk of Private Merger Challenges

On February 18, 2021, the Fourth Circuit affirmed the first court-ordered divestiture arising from a privately litigated merger challenge. The Court also upheld a $36 million damages award (post-trebling) in favor of the...more

Second Criminal No-Poach Case Brought by DOJ

On January 7, 2021, the Antitrust Division of the U.S. Department of Justice announced a two-count indictment of Surgical Care Affiliates LLC (“SCA”), which owns and operates outpatient medical care centers across the...more

Congress Restores Application of Federal Antitrust Laws to Health Insurers

On December 23, 2020, the U.S. Senate unanimously passed the Competitive Health Insurance Reform Act of 2020, which includes a provision that would repeal the limited federal antitrust immunity currently granted to certain...more

DOJ Brings First Criminal Wage Fixing Complaint

On December 10, 2020, the Antitrust Division of the U.S. Department of Justice announced the indictment of Neeraj Jindal, a former owner of a therapist staffing company, for a criminal conspiracy to fix wages paid to physical...more

Proposed HSR Rule Changes to Increase Investment Fund Reporting, Exempt Minority Acquisitions by Activist Investors

On Monday, September 21, 2020, the Federal Trade Commission, with the support of the Department of Justice’s Antitrust Division, proposed changes to the rules governing merger notification under the Hart-Scott-Rodino Act of...more

DOJ Updates Merger Remedies Manual

On Thursday, September 3, 2020, the Department of Justice’s Antitrust Division issued a revised Merger Remedies Manual (the “Manual”), which outlines the agency’s policies regarding merger remedies in transactions that raise...more

DOJ and FTC Issue Final Vertical Merger Review Guidelines

On Tuesday, June 30, the Department of Justice’s Antitrust Division and the Federal Trade Commission issued new Vertical Merger Guidelines (the “Guidelines”). Vertical mergers involve the combination of firms operating at...more

Florida Oncology Provider to Pay $100 Million Fine in DOJ Criminal Antitrust Investigation

On Thursday, April 30, 2020, Florida Cancer Specialists & Research Institute LLC (“FCS”), the largest independent medical oncology/hematology practice in the U.S., agreed to pay a $100 million fine to resolve a criminal...more

DOJ/FTC Release Competitor Collaboration Guidance in Light of COVID-19

On March 24, 2020, the Antitrust Division of the U.S. Department of Justice and the U.S. Federal Trade Commission (the Agencies) issued guidance and outlined an expedited review process for companies seeking to work together...more

Antitrust Review of Mergers & Acquisitions in Light of COVID-19

Like other regulatory agencies and businesses, antitrust authorities around the globe are taking steps to address the impact that the COVID-19 pandemic is having on their operations and the global economy. In particular,...more

FTC Announces Temporary Filing Procedures Due to Coronavirus

On Friday, March 13, 2020 the Federal Trade Commission and the Department of Justice Antitrust Division announced plans to implement temporary new procedures for the submission of Hart-Scott-Rodino pre-merger notification...more

DOJ and FTC Release New Vertical Merger Review Guidelines for Public Comment

On Friday, January 10, the Department of Justice’s Antitrust Division and the Federal Trade Commission issued new guidelines for the agencies’ review of vertical mergers. Vertical mergers involve the combination of firms...more

DOJ and Commerce Department Issue Antitrust Guidance on SEPs

On December 19, 2019, three federal agencies—the U.S. Department of Justice, Antitrust Division, the U.S. Patent and Trademark Office, and the National Institute of Standards and Technology—issued a joint policy statement...more

DOJ “Strike Force” Targets Antitrust Violations in Government Contracting

On November 5, 2019, the Justice Department announced the creation of a nationwide "strike force" to address criminal antitrust violations impacting government contracting, such as price fixing and bid rigging. The strike...more

Senators Urge DOJ to Develop Antitrust Guidance for Licensing of Standard Essential Patents

On Monday, October 21, 2019, U.S. Senators Thom Tillis (R-NC) and Christopher A. Coons (D-DE) sent a letter to the U.S. Department of Justice pushing it to provide greater clarity as to its antitrust enforcement policy on...more

FTC Wins Sanford Health/Mid Dakota Merger Appeal in Eighth Circuit

On June 13, 2019, the Eighth Circuit affirmed the district court’s grant of a preliminary injunction blocking the proposed merger of North Dakota healthcare providers Sanford Health, Sanford Bismarck (collectively, “Sanford”)...more

Additional Lessons From AT&T/Time Warner: Self-Help Remedies in Merger Challenges

The DOJ Antitrust Division’s high profile, unsuccessful attempt to block the AT&T/Time Warner merger ended on February 26, 2019 after the U.S. Court of Appeals for the D.C. Circuit affirmed the trial court’s decision to allow...more

FTC Announces Increased Hart-Scott-Rodino Thresholds

On February 15, 2019, the Federal Trade Commission (FTC) announced revised jurisdictional thresholds for determining whether a proposed transaction must be reported to federal authorities under the Hart-Scott-Rodino (HSR)...more

Impact of U.S. Government Shutdown on M&A

How could the government shutdown affect your M&A transactions? Understand the ramifications of the shutdown through the lens of antitrust, securities and exchange commission, CFIUS, export controls and economic sanctions...more

New House Democratic Majority Proposes Aggressive Antitrust Scrutiny

The new House Democratic majority sworn in last Thursday intends to ramp up antitrust oversight, pledging to “crack down on corporate monopolies and the abuse of economic and political power” as part of their “Better Deal”...more

Trump Administration Calls for Heightened Scrutiny of Competition in the Healthcare Industry

The Department of Health and Human Services (the “Department”), in conjunction with the Treasury Department, the Federal Trade Commission, and the Department of Labor, recently issued a report describing a number of concerns...more

FTC Closes Its Investigation Into Hospital Merger After Massachusetts Attorney General Settlement

The Federal Trade Commission voted unanimously to close its investigation into the proposed merger of two health systems in eastern Massachusetts. The proposed transaction would bring together the Care Group, Inc., the...more

FTC Broadens HSR Reporting Requirements for Non-Profit Hospital Combinations

The Premerger Notification Office (“PNO”) of the Federal Trade Commission recently announced it would change how it and the Department of Justice evaluate transactions that involve the combination of one or more...more

FTC Announces Increased Hart-Scott-Rodino Thresholds

On January 26, 2018, the Federal Trade Commission (FTC) announced revised jurisdictional thresholds for determining whether a proposed transaction must be reported to federal authorities under the Hart-Scott-Rodino (HSR)...more

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