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H&R blocked: the Department of Justice blocks the acquisition of TaxAct

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • November 28 2011

Score one for the Department of Justice. After several unsuccessful trips to court over the last decade to block large business combinations, the DOJ prevailed in its attempt to prevent H&R Block Inc.'s $287.6 million acquisition of 2SS Holdings Inc., the maker of TaxACT software

2012 threshold revisions announced for HSR Act and Clayton Act Section 8 prohibition on interlocking directorates

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • January 30 2012

The Hart-Scott-Rodino Antitrust Improvements Act, commonly known as the HSR Act, requires parties to certain mergers, acquisitions, and other transactions to notify the Federal Trade Commission and Department of Justice prior to consummation

7th Circuit clarifies standing to challenge "interlock" violations

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • October 12 2012

Company shareholders do not suffer "antitrust injuries" because of an alleged violation of Section 8 of the Clayton Act, prohibiting officers and directors from serving on the boards of competing corporations, according to a new Seventh Circuit decision in Robert F. Booth Trust v. Crowley

The FTC goes retro to win down south

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • October 12 2012

The Federal Trade Commission (FTC) scored a victory in the Eleventh Circuit this summer when the court upheld a divestiture order based on violations of the Clayton and FTC Acts

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