DO THREE RIGHTS MAKE A WRONG? PRIVATE PARTY CHALLENGING CONSUMMATED MERGER CAN OBTAIN DIVESTITURE YEARS LATER
For the first time in history, a private party has successfully challenged an acquisition and obtained an order requiring a divestiture of a company that had been acquired years before the case was filed. In a highly...
FTC SUSPENDS GRANTS OF EARLY TERMINATIONS AND LOWERS MINIMUM THRESHOLD FOR REPORTING ACQUISITIONS
The Hart-Scott-Rodino (HSR) Antitrust Improvements Act 1976 (as amended) is the pre-merger notification statute for the United States. It requires parties contemplating certain types of transaction involving the acquisition...
On December 10, 2020, the Antitrust Division of the US Department of Justice (DOJ) indicted an individual employer owner, for the first time, for agreeing with a competing owner to reduce the wages that their workers were...
The Federal Trade Commission has recently proposed major changes to the Hart-Scott Rodino (“HSR”) notification rules that would: 1) significantly change stock aggregation rules for funds with a common manager and 2)...