T-Mobile can appeal to block consumer lawsuit over $26 bln Sprint deal [Reuters]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Reuters
to move ahead with a lawsuit challenging the company's $26 billion purchase of rival Sprint in 2020. Illinois U.S. District Judge Thomas Durkin on Wednesday ruled , opens new tab that T-Mobile can appeal his order to the Chicago-based 7th U.S. Circuit Court of Appeals now, rather than at a later stage in the case. The private consumer lawsuit alleges the merger has caused Verizon and AT&T, which are not defendants, to charge more for wireless service. The plaintiffs want the courts to undo the combination. T-Mobile and the plaintiffs' attorneys did not immediately respond to requests for comment on Wednesday. Durkin's Wednesday ruling sets up what is expected to be a closely watched appeal testing the scope of antitrust law. At the heart of the challenge, T-Mobile argues that subscribers of Verizon and AT&T have no legal “standing” to pursue billions of dollars in alleged damages over T-Mobile's Sprint deal. T-Mobile contends AT&T and Verizon control their own networks' pric
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VZ
News
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- Verizon: Get Paid 6.7% While You Wait For 2024 Catalysts [Seeking Alpha]Seeking Alpha
- Verizon to award $25K crisis-response grant to Maryland Tough Baltimore Strong Key Bridge Fund [Yahoo! Finance]Yahoo! Finance
- Verizon to award $25K crisis-response grant to Maryland Tough Baltimore Strong Key Bridge FundGlobeNewswire
VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 4/25/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/16/24 - Form PX14A6G
- VZ's page on the SEC website