A prominent dispute resolution expert has been picked to sort out any problems over evidence in the Obama administration's antitrust lawsuit to block AT&T Inc's (T.N) purchase of wireless rival T-Mobile USA. Richard Levie, a former District of Columbia Superior Court judge and a long-time mediator and arbitrator, was jointly picked to serve as the so-called special master by the Justice Department and the companies, according to a court filing made on Thursday. He will resolve any disputes related to turning over information between the parties, including claims of privilege, motions to compel and expert information, according to the filing. On Aug. 31, the Obama administration's Justice Department sued to block AT&T's acquisition of T-Mobile, which is owned by Deutsche Telekom AG (DTEGn.DE), over concerns that it would squelch competition and innovation as well as lead to higher prices. AT&T and T-Mobile have sought to address the government's concerns and negotiate a settlement in which the deal could be completed.
AT&T Inc. is a holding company. The Company is a provider of telecommunications services in the United States and worldwide. Shares of T traded higher by 0.18% or $0.05/share to $28.36. In the past year, the shares have traded as low as $27.20 and as high as $31.94. On average, 35121600 shares of T exchange hands on a given day and today's volume is recorded at 8006929.
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