News & Analysis as of

Hart-Scott-Rodino Act Interlocking Directorate Civil Monetary Penalty

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 -
Jones Day

U.S. Merger Notification Threshold Increases to $119.5 Million

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Annual increases in U.S. merger notification thresholds and substantially increased filing fees take effect on March 6, 2024. The Federal Trade Commission ("FTC") announced that the Hart-Scott-Rodino ("HSR") Act filing...more

Jenner & Block

U.S. Antitrust Agencies Propose Sweeping Changes to the HSR Premerger Notification Program

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On June 27, 2023, the Federal Trade Commission (“FTC”) in collaboration with the Department of Justice (“DOJ”) announced a proposal to overhaul the Hart-Scott-Rodino (HSR) Act premerger notification program. If adopted, the...more

Foley Hoag LLP

FTC Announces Annual Increases to HSR Thresholds, HSR Filing Fees, Interlocking Directorates Safe Harbor, and Maximum Civil...

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The 2024 adjusted HSR threshold is $119.5 million and goes into effect on March 6, 2024. All transactions valued below that amount will be exempt from the HSR filing requirement. The 2024 adjusted Size of Party thresholds...more

Jenner & Block

Client Alert: FTC Announces 2024 HSR Thresholds

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The annual revisions to the Hart-Scott-Rodino (HSR) Act reporting thresholds have arrived. The new thresholds for notification will apply to all transactions that close on or after the effective date of the notice, which is...more

ArentFox Schiff

Most Significant Hart-Scott-Rodino (HSR) Changes in Decades Signal Rise in Antitrust Enforcement, and Need for Enhanced M&A...

ArentFox Schiff on

The Federal Trade Commission (FTC) recently announced revised jurisdictional and filing fee thresholds for the Hart-Scott-Rodino (HSR) Act. These include annual revisions to filing thresholds and a new six-tier filing fee...more

Schwabe, Williamson & Wyatt PC

FTC Announces Increase in Filing Thresholds Under the Hart-Scott-Rodino Act for 2023 for Premerger Notifications and Interlocking...

HSR Notice Thresholds Have Increased. On January 26, 2023, the Federal Trade Commission (FTC) announced its revised annual threshold that determines whether companies may be required to notify federal antitrust authorities...more

White & Case LLP

FTC Announces New Filing Fees Up to $2.25 Million and Annual Changes to US HSR Thresholds (2023)

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The Federal Trade Commission (FTC) announced the annual changes to the Hart-Scott-Rodino (HSR) Act notification thresholds – effective for deals closing on or after February 27, 2023 – and the new HSR merger filing fees....more

McDermott Will & Emery

Merger Notification Thresholds and Filing Fees to Increase

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The Federal Trade Commission (FTC) announced on January 23, 2023, the implementation of increased thresholds for merger notifications under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) as well as...more

Foley Hoag LLP

FTC Announces Increased HSR Thresholds and New Filing Fee Schedule

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On January 23, 2023, the Federal Trade Commission (FTC) announced its annual adjustment of the jurisdictional thresholds for pre-merger notification filings under the Hart‐Scott‐Rodino Antitrust Improvements Act of 1976 (HSR...more

Dorsey & Whitney LLP

Increase in HSR Reportability Thresholds and Other HSR Developments

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In January 2023, the Federal Trade Commission (FTC) made three important announcements for M&A practitioners. This article summarizes the HSR Act’s requirements and reports on relevant developments in 2022....more

Goodwin

2022 HSR Thresholds Announced: $101 Million

Goodwin on

As required by the HSR Act, on January 21, 2022, the U.S. Federal Trade Commission (“FTC”) released its annual adjustments to the reporting thresholds. The key number to remember is now $101 million. Note, this is an increase...more

Bradley Arant Boult Cummings LLP

FTC Announces Decreased HSR Thresholds for 2021

The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) requires that parties to mergers, acquisitions, or other transactions of a certain size notify the Federal Trade Commission (FTC) and the Department of...more

Dorsey & Whitney LLP

Decrease in HSR Reportability Thresholds and Other HSR Developments

Dorsey & Whitney LLP on

On February 2, 2021, the Federal Trade Commission (FTC) announced the annual adjustment of the thresholds that trigger premerger reporting obligations (and the mandatory waiting period) under the Hart-Scott Rodino (HSR)...more

Goodwin

2021 HSR Thresholds Announced: $92 Million

Goodwin on

As required by the HSR Act, on February 1, 2021, the U.S. Federal Trade Commission (“FTC”) released its annual adjustments to the reporting thresholds. The key number to remember is now $92 million. Note, this is a decrease...more

Perkins Coie

FTC Announces 2020 Increases to HSR and Clayton Act Thresholds

Perkins Coie on

The Federal Trade Commission (FTC) announced on January 28, 2020, the reporting thresholds under Section 7A of the Clayton Act, known as the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 (the Act), will be...more

Dorsey & Whitney LLP

Increase in HSR Reportability Thresholds and Other HSR Developments

Dorsey & Whitney LLP on

On January 28, 2020, the Federal Trade Commission (FTC) announced the annual adjustment of the thresholds that trigger premerger reporting obligations (and the mandatory waiting period) under the Hart-Scott Rodino (HSR) Act,...more

Vinson & Elkins LLP

2020 Annual Updates to the United States Pre-Merger Notification (HSR) and Interlocking Directorates Thresholds

Vinson & Elkins LLP on

The Federal Trade Commission (FTC) has revised the thresholds that govern pre-merger notification requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act), as well as the thresholds...more

Pillsbury Winthrop Shaw Pittman LLP

HSR Thresholds Will Increase for 2020 Transactions

Size-of-transaction threshold under Hart-Scott-Rodino Act will increase to $94 million. On February 27, 2020, revised thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) will take effect. The...more

Dechert LLP

Hart-Scott-Rodino Annual Increases Announced; New Thresholds To Go Into Effect In Late February

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On January 27, 2020, the U.S. Federal Trade Commission ("FTC") announced in the Federal Register that the dollar-based thresholds applicable to the Hart-Scott-Rodino (“HSR”) premerger notification program will be raised about...more

Brownstein Hyatt Farber Schreck

Increased HSR Thresholds Become Effective on April 3, 2019

On Feb. 15, 2019, the Federal Trade Commission announced the 2019 adjusted thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). The HSR Act notification requirements apply to transactions that...more

Perkins Coie

FTC Announces 2019 Increases to HSR and Clayton Act Thresholds

Perkins Coie on

The Federal Trade Commission (FTC) announced on February 15, 2019, the reporting thresholds under Section 7A of the Clayton Act, known as the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 (the Act), will be...more

A&O Shearman

FTC Increases HSR Thresholds Effective April 3, 2019

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The U.S. Federal Trade Commission (FTC) has revised, and once again raised, the thresholds for the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”). The new HSR Act thresholds were published in...more

Akin Gump Strauss Hauer & Feld LLP

Update: FTC Revises Hart-Scott-Rodino Thresholds; Minimum Size for Reportable Transactions Increases to $90 Million (Effective...

• The Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires parties to transactions meeting certain size and other tests to file premerger notification forms with both the Federal Trade Commission and Department of...more

Dechert LLP

HSR Filing Threshold Increases Announced; Tops $90MM for the First Time

Dechert LLP on

The U.S. Federal Trade Commission (“FTC”) announced on February 15, 2019, that the dollar-based thresholds applicable to the Hart-Scott-Rodino (“HSR”) premerger notification program will be raised about 6.6 percent from the...more

Bass, Berry & Sims PLC

FTC Announces Revised, Other HSR Thresholds for 2018

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The Hart-Scott-Rodino (HSR) Act requires parties to transactions that meet certain thresholds to notify the Department of Justice (DOJ) and Federal Trade Commission (FTC) and observe a waiting period prior to closing, unless...more

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