For parties considering a merger or other transaction, the civil penalties for failing to comply with the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”) are about to increase significantly.
On June 29, 2016, the Federal Trade Commission announced that the maximum civil penalty for noncompliance with the premerger filing requirements of the HSR Act will increase from $16,000 per day to $40,000 per day, effective August 1, 2016. The current maximum penalty of $16,000 per day has been in place since 2009. Prior to 2009, the maximum penalty was $11,000 per day.
Continue Reading Maximum Civil Penalties for HSR Violations to Increase to $40,000 per Day