Mon. Jun 27th, 2022
    en flag
    nl flag
    et flag
    fi flag
    fr flag
    de flag
    he flag
    ja flag
    lv flag
    pl flag
    pt flag
    es flag
    uk flag

    Content Assessment: Time to Jump? A Hart-Scott-Rodino Act Transaction Update (May 2022)

    Information - 91%
    Insight - 88%
    Relevance - 90%
    Objectivity - 93%
    Authority - 94%

    91%

    Excellent

    A short percentage-based assessment of the qualitative benefit of the recent post highlighting real-time monthly and annual HSR Act filing reporting by the FTC.

    Editor’s Note: The Hart-Scott-Rodino Act established the federal premerger notification program, which provides the FTC and the Department of Justice with information about large mergers and acquisitions before they occur. The parties to certain proposed transactions must submit premerger notification to the FTC and DOJ. Premerger notification involves completing an HSR Form, also called a “Notification and Report Form for Certain Mergers and Acquisitions,” with information about each company’s business. The parties may not close their deal until the waiting period outlined in the HSR Act has passed, or the government has granted early termination of the waiting period.


    Industry Update

    A Hart-Scott-Rodino Act Transaction Update (May 2022)

    Federal Trade Commission

    Taken from the latest published Hart-Scott-Rodino (HSR) Premerger Notification monthly transactions as shared by the Federal Trade Commission (FTC) and augmented by released annual reports, the following transaction information and corresponding charts may be useful for law firms, legal departments, and legal services providers seeking to understand the real-time pulse rate of Hart-Scott-Rodino Act mandated merger transaction reviews. As these reviews may lead to Second Requests, the charts may also be useful as a baseline for considering provider assertions regarding the depth, breadth, and volume of their Second Request support for this unique type of eDiscovery during specific time frames.

    Comparing the Operations Tempo for HSR Act Transactions: Informational Charts

    Provided for context and comparison are charts that share HSR Act-related metrics for monthly filings based on real-time reporting in fiscal years (FY) 2022 and 2021 and annual reporting in 2020, 2019, and 2018.


    Chart 1: Monthly HSR Act Transactions Reported in the Fiscal Year 2022 (October-September)*

    1 - HSR Act Merger Transactions Reported - May 2022

    Chart 2: Monthly HSR Act Transactions Reported in the Fiscal Year 2021 (October-September)*

    2 - HSR Act Merger Transactions Reported - 2021

    Chart 3: Monthly HSR Act Transactions Reported in the Fiscal Year 2020 (October – September)**

    3 - HSR Act Merger Transactions Reported - 2020

    Chart 4: COVID Constraints: HSR Act Transactions Reported During Current Pandemic (February FY 2020 – May FY 2022)*/**

    4 - COVID Constraints - HSR Act Merger Transactions Reported - FY 2020-22 May 2022

    Chart 5: Monthly HSR Act Transactions Reported in the Fiscal Year 2019 (October – September)**

    5 - HSR Act Merger Transactions Reported - 2019

    Chart 6: Monthly HSR Act Transactions Reported in the Fiscal Year 2018 (October – September)**

    6 - HSR Act Merger Transactions Reported - 2018

    Chart 7: HSR Act Annual Transactions Reported in Fiscal Years 2000 – 2022*/***

    7 - HSR Act Merger Annual Transactions Reported - 2000 - 2022 - May Update

    Chart 8: HSR Act Reported Second Requests in Fiscal Years 2000 – 2020

    8 - Number of HSR Act Second Requests - Over Time

    Chart 9: HSR Act Reported Second Requests by the FTC in Fiscal Years 2000 – 2020)***

    9 - Number of HSR Act Second Requests - FTC - Over Time

    Chart 10: HSR Act Reported Second Requests by the DOJ in Fiscal Years 2000 – 2020***

    10 - Number of HSR Act Second Requests - DOJ - Over Time

    Chart 11: Percentage of Transactions Resulting in HSR Act Report Second Requests in Fiscal Years 2000 – 2020***

    11 - Percentage of Transactions Resulting in HSR Act Second Requests - Over Time

    *Monthly Real-Time Reporting First Report is October 2019 (Monthly Running Report)
    **Based on Monthly Reporting as Represented in Annual HSR Transaction Reports
    ***Based on Annual Reporting as Represented in Final Annual HSR Transaction Reports.


    Additional Reading

    Source: ComplexDiscovery


     

    Have a Request?

    If you have information or offering requests that you would like to ask us about, please let us know and we will make our response to you a priority.

    ComplexDiscovery is an online publication that highlights cyber, data, and legal discovery insight and intelligence ranging from original research to aggregated news for use by cybersecurity, information governance, and eDiscovery professionals. The highly targeted publication seeks to increase the collective understanding of readers regarding cyber, data, and legal discovery information and issues and to provide an objective resource for considering trends, technologies, and services related to electronically stored information.

    ComplexDiscovery OÜ is a technology marketing firm providing strategic planning and tactical execution expertise in support of cyber, data, and legal discovery organizations. Focused primarily on supporting the ComplexDiscovery publication, the company is registered as a private limited company in the European Union country of Estonia, one of the most digitally advanced countries in the world. The company operates virtually worldwide to deliver marketing consulting and services.

    Early Lessons from the Cyber War: A New Microsoft Report on Defending Ukraine

    According to a new report from Microsoft, the Russian invasion relies...

    From Continuity to Culture? Preserving and Securing Ukrainian Public and Private Sector Data

    Highlighted by ComplexDiscovery prior to the start of the current Ukrainian...

    Considering Access Control Policy Models? Blockchain for Access Control Systems (NIST)

    As current information systems and network architectures evolve to be more...

    Friends in Low Places? The 2022 Data Breach Investigations Report from Verizon

    The 15th Annual Data Breach Investigations Report (DBIR) from Verizon looked...

    TCDI to Acquire Aon’s eDiscovery Practice

    According to TCDI Founder and CEO Bill Johnson, “For 30 years,...

    Smarsh to Acquire TeleMessage

    “As in many other service industries, mobile communication is ubiquitous in...

    A Milestone Quarter? DISCO Announces First Quarter 2022 Financial Results

    According to Kiwi Camara, Co-Founder and CEO of DISCO, “This quarter...

    New from Nuix? Macquarie Australia Conference 2022 Presentation and Trading Update

    From a rebalanced leadership team to three concurrent horizons to drive...

    On the Move? 2022 eDiscovery Market Kinetics: Five Areas of Interest

    Recently ComplexDiscovery was provided an opportunity to share with the eDiscovery...

    Trusting the Process? 2021 eDiscovery Processing Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    The Year in Review? 2021 eDiscovery Review Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    A 2021 Look at eDiscovery Collection: Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    Five Great Reads on Cyber, Data, and Legal Discovery for June 2022

    From eDiscovery ecosystem players and pricing to data breach investigations and...

    Five Great Reads on Cyber, Data, and Legal Discovery for May 2022

    From eDiscovery pricing and buyers to cyberattacks and incident response, the...

    Five Great Reads on Cyber, Data, and Legal Discovery for April 2022

    From cyber attack statistics and frameworks to eDiscovery investments and providers,...

    Five Great Reads on Cyber, Data, and Legal Discovery for March 2022

    From new privacy frameworks and disinformation to business confidence and the...

    Hot or Not? Summer 2022 eDiscovery Business Confidence Survey

    Since January 2016, 2,701 individual responses to twenty-six quarterly eDiscovery Business...

    Inflection or Deflection? An Aggregate Overview of Eight Semi-Annual eDiscovery Pricing Surveys

    Initiated in the winter of 2019 and conducted eight times with...

    Feeding the Frenzy? Summer 2022 eDiscovery Pricing Survey Results

    Initiated in the winter of 2019 and conducted eight times with...

    Surge or Splurge? Eighteen Observations on eDiscovery Business Confidence in the Spring of 2022

    In the spring of 2022, 63.5% of survey respondents felt that...