Author: Stephen Weingold

Steve is an associate in Dorsey’s trial group. He helps individuals and businesses navigate the complex challenges posed by litigation, including commercial litigation, insurance litigation, arbitration, and intellectual property disputes.

FTC Announces New Position on Debt and HSR Valuation

On August 26, the Federal Trade Commission announced a new position on an important factor in determining whether a transaction must be reported under the Hart-Scott-Rodino Act: whether debt repayment at closing counts in determining the value of a transaction. The FTC’s new position is that “the full or partial retirement of debt should be included in calculating the Acquisition Price in any instance where selling shareholder(s) benefit from the retirement of that debt.” An explanation of the FTC’s new...