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Bloomberg Law: Distressed Deals Ripe for ‘Failing Firm’ Antitrust Exemption

April 28, 2020

O’Melveny counsel Scott Schaeffer was quoted in this Bloomberg Law article about antitrust hurdles that mergers will have to clear amid COVID-19 concerns.

“‘The rigorous standards to gain government approval under the failing firm defense, which include having to show that a company is unlikely to successfully reorganize in bankruptcy, are expected to remain in place during the pandemic,’ Scott Schaeffer, antitrust counsel at O’Melveny & Myers LLP, said.”

Read the full article here.