Latest in Department Of Justice

The Justice Department and the attorneys general of 11 states filed an antitrust lawsuit on Tuesday against Google, claiming that the internet giant abused its market power in search and advertising. “Google has maintained its monopoly power through exclusionary practices that are harmful to competition,” Deputy…

2nd UPDATE, 3:48 PM: In a move reminiscent of its recent Supreme Court co-headlining appearance with Comcast, the Department of Justice today is seeking to speak at a pivotal upcoming hearing in the Writer Guild of America’s antitrust dust-up with WME, CAA and UTA. The Makan Delrahim-led antitrust unit of Donald Trump…

UPDATED with closing stock prices. The Department of Justice revelation Monday of its plan to roll back decades-old regulations governing studios and movie theaters pushed beleaguered exhibition stocks higher Tuesday as investors saw the upside of the move. On Wall Street, shares in AMC Entertainment, the No. 1…

New York Attorney General Letitia James said 46 other attorneys general have joined her antitrust investigation into Facebook, adding more legal firepower to a potential lawsuit. The Federal Trade Commission and the Department of Justice have already opened antitrust investigations. At a Wall Street Journal…

Already under investigation and review by the Federal Trade Commission and the Department of Justice, tech giants like Facebook, Amazon and Alphabet could soon face similar probes in more than a dozen states. Appearing Tuesday at the the Technology Policy Institute's Aspen Forum (see full video above), DOJ antitrust…

Makan Delrahim, the Donald Trump appointee at the U.S. Department of Justice, who heads the antitrust division and led the lawsuit seeking to block AT&T’s Time Warner acquisition, has a new target: tech giants. Delrahim’s boss, Attorney General William Barr, has increased rhetoric questioning tech company methods in…

Shares in Sprint and T-Mobile ticked up late in Friday’s trading day after The New York Times reported that Department of Justice regulators are close to blessing the companies’ $26 billion merger. T-Mobile closed at $74.90, up less than 1%, while Sprint jumped 3% to close at $7.01. The stocks have see-sawed in recent…

UPDATED with news of House committee probe. The Democrat-controlled House Judiciary Committee plans to investigate giant tech companies, a development that follows reports over the weekend that Google and Amazon are about to get closer regulatory scrutiny. The committee promises a “bipartisan look at competition in…

UPDATE with closing stock price. Sinclair Broadcast Group stock hit the stratosphere on Monday — bucking the day’s downward trend on Wall Street to gain nearly 35% — as the company’s CEO touted the company’s deal to acquire the former Fox regional sports networks. Shares in Sinclair rocketed to an all-time high of…

The White House has declined a request by two House Democrats for documents that could show whether President Donald Trump tried to block AT&T’s $85 billion acquisition of Time Warner. White House counsel Pat Cipollone said in a letter dated Monday to Judiciary Chairman Jerry Nadler (D-NY) and antitrust subcommittee…

Maybe it's because Donald Trump likes to use Game of Thrones imagery as props, but the Department of Justice today has conclusively given up on its long running effort to stop AT&T acquiring Time Warner. "We are grateful that the Court of Appeals considered our objections to the District Court opinion," said DOJ…

More than a year after government regulators sued AT&T to block the Time Warner merger, the media business trial of the century reaches a pivotal moment Thursday in Washington with oral arguments in the government’s appeal. Golden Globe nomination reactions and the usual end-of-year scramble will be preoccupying the…