Galleon Group LLC co-founder Raj Rajaratnam said the punishment sought by the government for his insider-trading convictions is “grotesquely severe” and should be rejected by the court. The U.S. said a long prison sentence is warranted.
AT&T Inc. and the U.S. Justice Department agreed on a plan for handling confidential data in the government’s antitrust lawsuit seeking to block the company’s purchase of wireless carrier T-Mobile USA Inc.
AT&T Inc. said its proposed $39 billion acquisition of T-Mobile USA Inc. is good for mobile- phone customers and that the U.S. lawsuit seeking to block the deal “fails to come to grips” with its benefits.
AT&T Inc. and the U.S. asked the federal judge overseeing the government’s lawsuit seeking to block the company’s purchase of T-Mobile USA Inc. to deny a bid by Google Inc. to enter the case to protect its confidential data.
AT&T Inc. was sued by Cellular South Inc., the ninth-largest wireless carrier by customers, in an effort to block its acquisition of T-Mobile Inc. based on claims their combined market power violates U.S. antitrust laws.