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Financial Services Law Insights and Observations

DOJ adopts changes to merger investigation process

Federal Issues DOJ Covid-19

Federal Issues

On March 17, the DOJ announced it would adopt a series of temporary changes to its civil merger investigation processes, which will remain in place during the pendency of Covid-19. For example, for mergers currently pending or that may be proposed, the Antitrust Division is requesting from merging parties an additional 30 days to timing agreements to complete its review of transactions after the parties have complied with document requests.  Additionally, all scheduled depositions will be temporarily postponed and will be rescheduled using secure videoconferencing capabilities.