The US DoJ reaffirms the significance of pre-existing documents in HSR merger review (Hyosung)

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Department of Justice to Merging Parties: Altering 4(c) Documents May Land You in Jail* A senior executive of a Korean manufacturer of Automated Teller Machines recently agreed to serve a five-month prison sentence in the United States for tampering with business documents during the Hart-Scott-Rodino (HSR) review of the proposed acquisition by his employer, Hyosung Corporation, of one of its US competitors. [1] The case is an important reminder of the significance of pre-existing documents in HSR merger review and sends a strong signal to the business community that the US antitrust agencies view unobstructed access to responsive party documents as a lynchpin of the integrity of the merger review process. Pre-existing business documents in US merger review. Pre-existing business

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Auteurs

  • Sidley Austin (Washington)
  • WilmerHale (Washington)
  • Kirkland & Ellis (Washington)
  • WilmerHale (Washington)
  • WilmerHale (Washington)

Citation

James W. Lowe, Leon B. Greenfield, Jeffrey Ayer, Hartmut Schneider, Thomas Mueller, The US DoJ reaffirms the significance of pre-existing documents in HSR merger review (Hyosung), 9 mai 2012, e-Competitions May 2012, Art. N° 53536

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