Diana Gillis is a counsel with Orrick, Herrington & Sutcliffe based in the firm’s Washington, D.C. office. She focuses her practice on antitrust law, specializing in Hart-Scott-Rodino (HSR) Act pre-merger notification compliance and counseling. Her experience includes advising clients on issues of reportability and interpretations of the HSR Act and regulations. Prior to joining the firm, Diana was an attorney in the Premerger Notification Office with the U.S. Federal Trade Commission, where she concentrated on HSR notification compliance and review. While at the FTC, Diana received the Stephen Nye Award for outstanding service.
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Takeaways The new minimum HSR threshold is DECREASING from $94 million to $92 million. New thresholds apply to any transaction closing on or after March 4, 2021. Failure to file may result in a fine of up to $43,792 per day of non-compliance. The HSR Act casts a wide net, catching mergers (...)
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The HSR Act requires that parties to certain transactions submit a premerger notification filing to the Department of Justice Antitrust Division (DOJ) and Federal Trade Commission (FTC), and then observe a waiting period before closing. Any transaction valued in excess of the HSR threshold – (...)
