Judge Says He Will Not Rule On Business Merger Anytime Soon
On behalf of The Law Office of Lynnette Ariathurai, A Professional Corporation posted in Mergers & Acquisitions on Thursday, December 28, 2017.
Telecommunications mogul AT&T and Time Warner Inc. want to merge. The only problem is that the U.S. Department of Justice filed a lawsuit to block the prospective takeover, estimated at $85.4 billion. The companies announced their willingness to delay their business merger deadline until June 2018. Many business owners in California are likely following this story.
The previous deadline set for the business merger was April 22. The judge overseeing the matter said there is no way he will hand down a decision before then and most likely will not do so until late May. The proposed merger has been a bone of contention for the Department of Justice, which claims that allowing it would cause negative impact on consumers.
The DOJ says the merger would bring higher costs and less options for television viewers throughout the country. The antitrust lawsuit was filed in November. Many eyes are peeled on the court in expectation of its final decision.
When tens of billions of dollars are at stake, legal disputes can become acrimonious when it seems as though one party is trying to keep another from bringing an intended plan to fruition. Many California business owners have encountered similar problems. It often helps to achieve swifter and more amicable solutions if those involved rely on experienced and aggressive representation in court. A business and commercial law attorney knows the ins and outs of the system and can advocate on a client's behalf to protect his or her rights and best interests.