M&A Activities

Reports and Research

June HSR reported transactions fall to 193 as preliminary FY2026 total reaches 1,858

June HSR reported transactions fall to 193 as preliminary FY2026 total reaches 1,858 ComplexDiscovery Staff The FTC’s Premerger Notification Office recorded 193 HSR-reported transactions in June 2026, a 17.9% step down from May’s 235 — the highest monthly total since

June HSR reported transactions fall to 193 as preliminary FY2026 total reaches 1,858 Read More »

Editors Pick Reports and Research

HSR Filings Hit 235 in May 2026, the Highest Monthly Total Since December 2021

The FTC logged 235 HSR filings in May 2026 — a FY2026 high, the strongest month since December 2021, and a 58.8 percent jump over last year. With FY2026 volume running 22 percent ahead of FY2025 and a new form rulemaking in play, here is what the surge means for Second Request and eDiscovery planning.

HSR Filings Hit 235 in May 2026, the Highest Monthly Total Since December 2021 Read More »

eDiscovery and Information Governance

HSR Filings Hit 203 in March 2026 as Court Overturns Expanded Form and GDP Slips to 0.5%

HSR premerger filings hit 203 in March 2026 — the highest monthly total since December — as a federal appellate court restored the legacy HSR form and Q4 2025 GDP growth was revised down to a slim 0.5 percent. Here is what the numbers mean for deal advisors and legal operations teams planning for the rest of the fiscal year.

HSR Filings Hit 203 in March 2026 as Court Overturns Expanded Form and GDP Slips to 0.5% Read More »

AI and Advanced Technologies Must Read

FTC’s OkCupid Action Reframes AI Training Data as a Consumer Protection Issue

The FTC’s settlement with Match Group over OkCupid’s undisclosed transfer of three million user photos to AI startup Clarifai marks the first federal enforcement action framing AI training data collection as a consumer protection violation — with no fine but a 20-year compliance leash.

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Reports and Research

A Complete Analysis of the Winter 2026 eDiscovery Pricing Survey

Generative AI is beginning to materially reshape eDiscovery economics, but pricing maturity has not kept pace with adoption. The Winter 2026 eDiscovery Pricing Survey shows stable benchmarks for forensic collection and hosting, persistent opacity in document review billing, and an emerging $0.11 to $0.50 per-document pricing zone for GenAI-assisted review that could challenge traditional review models.

A Complete Analysis of the Winter 2026 eDiscovery Pricing Survey Read More »

Reports and Research

The HSR Early-Warning System: How Filing Surges Amplify Cyber and eDiscovery Bottlenecks

HSR filing volume isn’t just a deal counter—it’s an early-warning system for when M&A work is about to get hard. The late-2025 spike and January 2026’s steady level point to a pipeline that will compress diligence and integration timelines, amplifying cyber, privacy, governance, and eDiscovery bottlenecks—especially if agency scrutiny escalates into a Second Request.

The HSR Early-Warning System: How Filing Surges Amplify Cyber and eDiscovery Bottlenecks Read More »

Reports and Research

Second Requests Settle In: HSR Data Points to a New Normal in M&A Scrutiny

While HSR filing volumes are recovering from their 2023 lows, the real story is the intensity of review. New FY 2024 data reveals that Second Request rates have rebounded to 3.0%—effectively double the rate seen during the pandemic deal boom. For eDiscovery professionals, this signals that the “new normal” isn’t about volume; it’s about the collision of high scrutiny and billion-dollar deal complexity.

Second Requests Settle In: HSR Data Points to a New Normal in M&A Scrutiny Read More »

Must Read Reports and Research

Dealmaking with Discipline: An HSR Read on FY2025’s Final Stretch

HSR filings reached 1,902 through August 2025, with 203 in August—evidence of steady, disciplined U.S. dealmaking. With GDP rebounding and PCE inflation easing, the environment favors precision: robust cybersecurity, tight information governance, and regulator-ready eDiscovery are proving decisive for secure, compliant, and on-schedule closings.

Dealmaking with Discipline: An HSR Read on FY2025’s Final Stretch Read More »