litigation
confidence high
sentiment negative
materiality 0.75
KKR sues DOJ/FTC over HSR Act investigations; DOJ countersues seeking civil penalties
KKR & Co. Inc.
- KKR filed complaint in D.C. District on Jan 14 against DOJ, FTC challenging HSR Act investigations for 2021-2022 transactions.
- KKR seeks declaratory judgment that it did not violate HSR Act, that agency interpretations are unconstitutionally vague, and fine is excessive.
- DOJ simultaneously filed civil antitrust suit in SDNY against KKR and sponsored entities, seeking civil penalties and disgorgement.
- KKR says it will vigorously defend; issued statement calling DOJ action government overreach and political.
- Investigations concern HSR premerger notification filings for transactions in 2021 and 2022; KKR had cooperated for nearly three years.