HSR Act: Investment-Only Exemption | Practical Law
A Practice Note discussing violations of the Hart-Scott-Rodino (HSR) Act for failure to file an HSR form before acquiring voting securities where the HSR Act investment-only exemption allegedly did not apply. This Practice Note discusses the Rule 802.9 exemption, which covers acquisitions made solely for the purpose of investment where the acquiring party will hold 10% or less of the voting securities of the target.