3 HSR Lessons From Case Against MacAndrews & Forbes

Law360, New York (June 26, 2013, 4:15 PM EDT) -- On June 19, 2013, the U.S. Department of Justice, at the request of the Federal Trade Commission, filed a complaint against MacAndrews & Forbes Holdings Inc. charging M&F with acquiring voting shares of Scientific Games Corporation (SG) in violation of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 as amended.

Under the HSR Act, parties must first file HSR notifications with the FTC and DOJ and observe a waiting period before acquiring voting securities, assets or controlling interests in partnerships or limited liability companies if HSR threshold...
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