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Jeremy D. Kernodle

Jeremy D. Kernodle

United States District Judge, Eastern District of Texas

Appears in 3 stories

Stories

Federal Trade Commission's expanded merger notification rules face legal challenge

Rule Changes

United States District Judge, Eastern District of Texas - Issued February 12 ruling vacating the expanded HSR form

The Hart-Scott-Rodino premerger notification form went largely unchanged for 48 years. When the Federal Trade Commission tripled its compliance burden in 2024, business groups suedโ€”and a Texas federal judge just agreed with them.

Updated Feb 18

US merger notification thresholds rise amid regulatory turbulence

Rule Changes

U.S. District Judge, Eastern District of Texas - Presiding over HSR rule challenge

The United States raised the minimum deal size requiring federal antitrust review to $133.9 million on February 15, 2026โ€”up from $126.4 million the previous year. Companies planning mergers or acquisitions above this threshold must now file premerger notifications with the Federal Trade Commission (FTC) and Department of Justice (DOJ) and wait for government clearance before closing their deals.

Updated Feb 16

Corporate transparency act: from 33 million companies to legal limbo

Rule Changes

U.S. District Judge, Eastern District of Texas - Issued and later lifted Smith injunction

Congress passed the Corporate Transparency Act in 2021 to crack down on anonymous shell companies used for money laundering and terrorist financing. The law required 33 million U.S. businesses to report their true owners to FinCEN. Then courts in Alabama and Texas declared it likely unconstitutional. The Supreme Court stepped in. Within hours, a second Texas judge issued a new nationwide injunction.

Updated Jan 7