A panel of three federal appeals court judges named by former Presidents Ronald Reagan, Bill Clinton and Barack Obama will hear the Justice Department`s appeal of a ruling allowing AT&T Inc to acquire Time Warner, court records show.
Judges Judith W. Rogers, Robert L. Wilkins and David B. Sentelle will hear arguments on Dec. 6.
The government argues that AT&T’s $85.4 billion acquisition will lead to higher prices for consumers and was illegal under antitrust law, while AT&T says the government offered no basis for second guessing key conclusions of a lower-court ruling allowing the transaction to proceed.
Sentelle, a Reagan appointee, and Rogers, who was named to the bench by Clinton, were among seven appeals court judges in June 2001 that issued an opinion tossing out an order that Microsoft Corp should be broken up but found that the company possessed monopoly power and agreed that the company had behaved anticompetively.
The company ultimately agreed to a settlement with the Justice Department and an agreement to end retaliation against computer makers who use non-Microsoft software.
Wilkins, who joined the appeals court in 2014 as an Obama appointee, ruled on some antitrust matters as a judge on the U.S. District Court in Washington, including approving a consent decree that allowed Google, now known as Alphabet Inc, to acquire ITA Software in 2011.
AT&T agreed in June to temporarily manage Time Warner`s Turner networks separately from DirecTV, including setting prices and managing personnel, until any appeals were resolved.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.