
🔎 Second request pipeline watch: April HSR filings, Q1 GDP, and form rulemaking window closing
💼 The Premerger Notification Office logged 185 transactions in April 2026 — a 9 percent step-down from March’s high of 203 but 58 percent above the 117 filings recorded in April 2025 — lifting the FY2026 running total to 1,430 reportable transactions across the first seven months of the fiscal year. Every month of FY2026 so far has come in at 180 transactions or above, and, if current run-rates hold, the annualized pace would top 2,400 transactions, well above the FY2024 Annual Report total of 1,973 adjusted transactions and on track to outpace the FY2025 preliminary count of approximately 2,101. This edition reads April’s figure in context with three developments shaping the second half of the fiscal year: the Supreme Court’s February 20 IEEPA tariff ruling and its Section 122 replacement regime, now feeding into CBP’s April 20 launch of its consolidated refund processing functionality; the Fifth Circuit’s March 19 decision restoring the pre-February 2025 HSR form, with the joint FTC/DOJ public inquiry closing May 26; and the BEA’s April 30 advance estimate showing first-quarter real GDP at 2.0 percent alongside a 4.5 percent annualized PCE inflation reading.
⚖️ For cybersecurity, information governance, and eDiscovery professionals tracking Second Request pipeline timing, April’s data points to sustained capacity demand through year-end. Watch the BEA second estimate on May 28 and the form rulemaking that follows the public-comment window.
📰 Read the complete article from ComplexDiscovery OÜ's antitrust beat at complexd.blog/4wG2R4L.
#HSR #PremergerNotification #MAndA #AntitrustLaw #FTC #DOJ #SecondRequest #eDiscovery

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