Caufield & James, L.L.P Caufield & James, L.L.P

Serving clients in Hawaii and throughout California, including Sacramento, Fresno, San Francisco Bay Area, Los Angeles, Bakersfield, Chico, Jackson, and San Diego

Call us now toll free:866-585-8944
search Navigation Menu

AT&T drops bias charge in Time Warner deal

California residents may have heard about AT&T's intention to buy Time Warner. The deal is currently being held up by a Department of Justice lawsuit. While AT&T originally planned to claim that political bias motivated the DOJ's decision, the communications company announced on March 9 that it no longer plans to use that defense in court. Specifically, AT&T had alleged that the government was preventing the sale because Time Warner is the parent company of CNN.

Instead, the company is planning to focus on proving that the purchase will not raise prices or harm consumers. In October 2016, the head of the DOJ's antitrust division said that there were likely no issues from an antitrust perspective in this case. The decision to file a lawsuit occurred after he took the job in 2017.

AT&T also pointed to President Trump's acrimonious history with CNN as another reason why the case was receiving extra scrutiny. However, the DOJ said that there was always the possibility that it would ask for changes to be made. The department also said that there was always a chance that the purchase could be subject to rejection based on antitrust issues.

Business acquisitions are often complex events that involve a variety of legal issues. An attorney could review the terms of a deal to see if they violate antitrust laws or run afoul of other government regulations. If they do, it may be possible for an attorney to help make changes to the language or structure of the deal. How a deal is changed could depend on what types of problems a regulator may have with it.

No Comments

Leave a comment
Comment Information

Contact us now to begin a confidential case evaluation:

Caufield & James, L.L.P

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

[an error occurred while processing this directive]