The US District Court for the District of Columbia grants DoJ request to enjoin a merger between two digital do-it-yourself tax preparation software providers (H&R Block / TaxAct)

This article has been nominated by the Business Steering Committee for the business category, mergers section of the 2012 Antitrust Writing Awards. Click here to learn more about the Antitrust Writing Awards. On October 31, 2011, the U.S. District Court for the District of Columbia is sued an order enjoining H&R Block, Inc.’s acquisition of a rival tax preparation software firm TaxACT. Last week, the court’s redacted memorandum opinion supporting the injunction became available. [1] The opinion contains a thorough, step-by-step evaluation of the merger, with analysis that bolsters the Department of Justice/Federal Trade Commission 2010 Horizontal Merger Guidelines (Merger Guidelines) and its general methodology to challenging mergers. [2] Most significantly, the court: (1) adopted

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (New York)
  • Skadden, Arps, Slate, Meagher & Flom (New York)
  • Skadden, Arps, Slate, Meagher & Flom (Palo Alto)
  • Kirkland & Ellis (New York)

Quotation

James A. Keyte, Clifford H. Aronson, Alec Y. Chang, Ian G. John, The US District Court for the District of Columbia grants DoJ request to enjoin a merger between two digital do-it-yourself tax preparation software providers (H&R Block / TaxAct), 10 November 2011, e-Competitions Bulletin US Mergers in IT, Art. N° 45126

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