AT&T Merger Trial Opens With Fight Over Internal Documents

AT&T Merger Trial Opens With Fight Over Internal Documents

6 years ago
Anonymous $gIi3-PxxKB

https://finance.yahoo.com/news/t-merger-trial-opens-fight-163541867.html

The dispute could be key to the government’s argument that the Time Warner takeover should be blocked on antitrust grounds. In merger lawsuits, antitrust officials often rely on emails or internal memos, known as “hot docs,” in which employees make damaging statements that support the government’s case that a deal is a threat to competition.

Justice Department attorney Eric Welsh told Leon on Monday that the emails in question contain “startling” admissions by employees and that it was up to the companies to “explain away” what is said in them.