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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 8 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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The size-of-transaction threshold for determining whether a transaction must be reported to the Federal Trade Commission (FTC) and Department of Justice, Antitrust Division (DOJ) will increase from $111.4&nbsp;million to $119.5&nbsp;million. The FTC <a href="https://www.ftc.gov/news-events/news/press-releases/2024/01/ftc-announces-2024-update-size-transaction-thresholds-premerger-notification-filings" target="_blank" rel="noreferrer noopener">announced</a> this increase yesterday along with adjustments to other jurisdictional and filing fee thresholds under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act). These changes will go into effect 30 days after their publication in the Federal Register, likely February 22 or soon thereafter.

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Under the HSR Act, parties to a transaction must make required filings with the FTC and DOJ and await expiration of the 30-day statutory waiting period before closing if the transaction meets the size-of-transaction and size-of-person thresholds (absent an applicable exemption):

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If the jurisdictional thresholds are met and no exemption applies, a filing is required. Determination of reportability under the HSR Act is often not straightforward and involves the analysis and application of complex regulations and agency guidance. Failure to file when required violates the HSR Act and could result in the imposition of a civil penalty of more than $46,000 per day.

The HSR filing fees and thresholds also will change for 2024:

<em>This advisory bulletin may be reproduced, in whole or in part, with the prior permission of Thompson Hine LLP and acknowledgment of its source and copyright. This publication is intended to inform clients about legal matters of current interest. It is not intended as legal advice. Readers should not act upon the information contained in it without professional counsel.</em>

<em>This document may be considered attorney advertising in some jurisdictions.</em>

https://admin.thompsonhine.com/wp-content/uploads/2024/01/Antitrust-Law-Update-FTC-Announces-Annual-Adjustment-to-HSR-Filing-Thresholds-for-2024.pdf

FTC Announces Annual Adjustment to HSR Filing Thresholds for 2024

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