The US District Court for the District of Columbia upholds the DoJ's block of a proposed merger between two sellers of digital tax software (H&R Block / TaxAct)

Stock, Eric

Previous article The Turkish Competition Authority conditionally clears the merger of the two largest cinema chains subject to divesture of twelve cinemas and notification of ticket prices (AFM / Mars) Next article The US District Court stops a merger between two digital do-it-yourself tax preparation software providers as the proposed acquisition would have likely led to a lessening of competition in the relevant market (H&R Block / TaxAct)

10 Nov 2011

The US District Court for the District of Columbia upholds the DoJ’s block of a proposed merger between two sellers of digital tax software (H&R Block / TaxAct)

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References

US district court for the District of Columbia, US / H&R Block, no. 11-00948 (BAH), 10 November 2011

US DoJ, Justice Department Files Antitrust Lawsuit to Stop H&R Block Inc. from Buying TaxACT, Press release, 23 May 2011

U.S. Department of Justice Litigates to Block Two Mergers* The U.S. Department of Justice (“DOJ”) has blocked two mergers in the past several months, in each case after filing a lawsuit against the merging parties. The first case involved a relatively small transaction in the digital tax business involving H&R Block and 2nd Story Software. The second case was the high-profile proposed acquisition by AT&T of rival wireless telephone carrier T-Mobile USA. These cases illustrate an uptick in U.S. merger enforcement and an increased willingness on the part of the DOJ to challenge mergers in court. They also illustrate a resistance on the part of DOJ to accepting concessions proposed by parties seeking to obtain clearance of horizontal mergers. The

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Author

Eric Stock
Gibson Dunn (New York)

United States 18 contributions 10494 visits

Quotation

Eric Stock, The US District Court for the District of Columbia upholds the DoJ’s block of a proposed merger between two sellers of digital tax software (H&R Block / TaxAct), 10 November 2011, e-Competitions November 2011, Art. N° 42867

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