Fifth Circuit Reinstates Pre-2025 HSR Rules, Handing Blow to FTC Antitrust Agenda
The U.S. Court of Appeals for the Fifth Circuit has denied the FTC's request to stay a lower court ruling, effectively vacating the 2025 HSR filing requirements. This decision reinstates the less burdensome pre-February 2025 framework, providing immediate relief to dealmakers while the agency's broader appeal proceeds.