Wednesday, September 7, 2011

DOJ vs. AT&T hearing set for September 21st

Federal Judge Ellen Segal Huvelle set a hearing for the Department of Justice’s lawsuit against AT&T for September 21st, The New York Times reported on Wednesday. “The parties shall be prepared to discuss the prospects for a settlement” on that date, Huvelle said. The U.S. Department of Justice filed a lawsuit in an attempt to block AT&T’s proposed acquisition of T-Mobile USA on August 31st and said “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market.” AT&T responded and said it would ask for an expedited hearing and that the DOJ has the “burden of proving alleged anti-competitive affects and [AT&T intends] to vigorously contest this matter in court.” AT&T, Deutsche

Source: http://feedproxy.google.com/~r/TheBoyGeniusReport/~3/uopSSf4VphE/

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