***** Moderator's Note *****
I need a lawyer, Or a linguist, or a shaman, or a soothsayer. I need *somebody* that can tell me what a "Modified Final Judgement" is, and
why it's being done, and whether it should have been done, and if it
is going to make any difference to we telephone users.
I need help.
Bill Horne
Moderator
+--------------------------------------------------------------+
Defendants entered into an Agreement and Plan of Merger dated June 5,
2008, pursuant to which Verizon Communications Inc. ("Verizon")
acquired Alltel Corporation ("Alltel"). Plaintiffs United States and
the States of Alabama, California, Iowa, Kansas, Minnesota, North
Dakota, and South Dakota ("plaintiff States") filed a civil antitrust Complaint on October 30, 2008, seeking to enjoin the proposed
acquisition. As explained more fully in the Complaint, and the
concurrently filed Competitive Impact Statement, the likely effect of
this acquisition would have been to lessen competition substantially
for mobile wireless telecommunications services in 94 Cellular Market
Areas ("CMAs") in 22 states (1) where Verizon and Alltel were among
the most significant competitors, in violation of Section 7 of the
Clayton Act, 15 U.S.C. § 18. This loss of competition would have
resulted in consumers in those areas facing higher prices, lower
quality service and fewer choices of mobile wireless
telecommunications services.
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