AT&T Made a Futile 11th-Hour Offer to Sway DOJ [Bloomberg Business News]
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Source: Bloomberg Business News
By Ed Hammond and Scott Moritz Last-ditch effort came three days before government suit CEO Stephenson, lawyer Petrocelli said to attend meeting In an unsuccessful, last-ditch attempt to avert a lawsuit blocking its $85.4 billion Time Warner Inc. deal, AT&T Inc. Chief Executive Officer Randall Stephenson met Nov. 17 with the top U.S. antitrust enforcer to offer a proposal modified to address some of the Justice Department’s concerns, according to people familiar with the matter. The Justice Department sued the following business day. But the details of the meeting reveal what AT&T considered to be a serious, 11th-hour attempt to avoid a court case. Stephenson was accompanied at the meeting in Washington by Daniel Petrocelli, the high-powered trial lawyer the telecommunications giant had just hired to fight the Justice Department if the dispute ended up in court, said the
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