AT&T settles 5G E false advertising lawsuit with Sprint
Sprint and AT&T on Monday reached a settlement -- characterized by both as "amicable" -- over a lawsuit in which Sprint claimed its rival carrier used "numerous deceptive tactics to mislead consumers" with its "5G E" branding.
[...] News of the settlement was first reported by the site Law360, but the details haven't been released.
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Judge approves $26 billion merger of T-Mobile and Sprint:
Shares of Sprint soared Tuesday after a U.S. District judge ruled in favor of its $26 billion deal to merge with T-Mobile.
The stock was up 75% Tuesday morning. It had risen after hours Monday after The Wall Street Journal reported the judge was expected to rule in favor of the deal. Shares of T-Mobile were up 10%.
The ruling clears one of the final hurdles for the deal, which still can't close until the California Public Utilities Commission approves the transaction. Tuesday's ruling also culminates a years-long courtship between Sprint and T-Mobile, which have made multiple attempts over the years to merge, only to abandon their plans fearing regulatory scrutiny.
Attorneys general from New York, California, Connecticut, Hawaii, Illinois, Maryland, Michigan, Minnesota, Oregon, Wisconsin, Massachusetts, Pennsylvania, Virginia and D.C. originally brought the lawsuit to block the deal following approval from the Justice Department of Federal Communications Commission. The states had argued that combining the No. 3 and No. 4 U.S. carriers would limit competition and result in higher prices for consumers. The companies had argued their merger would help them compete against top players AT&T and Verizon and advance efforts to build a nationwide 5G network.
In his decision filed Tuesday, Judge Victor Marrero wrote, "The resulting stalemate leaves the Court lacking sufficiently impartial and objective ground on which to rely in basing a sound forecast of the likely competitive effects of a merger."
(Score: 0) by Anonymous Coward on Tuesday April 23 2019, @01:53PM (1 child)
The deal is that they both are gonna fuck you over with false advertizing etc.
(Score: 3, Funny) by DannyB on Tuesday April 23 2019, @05:51PM
The real deal is that they are going to be more careful in the future so that it doesn't appear to be false advertising.
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AT&T would like to apologize for the false advertising. We sincerely regret that those who were harmed by our actions had to discover that it was due to our poor efforts at being sufficiently deceptive.
AT&T pledges that in the future we will not be caught doing this again. We offer our apologies for our ineptness at deceiving you this time.
We are deeply sorry for the bad judgement and poor choice of actions which resulting in personal embarrassment for the top level executives and those others who participated in these false advertising crimes.
To all those harmed by our selfish and thoughtless actions, AT&T would like to offer its sincerest indifference.
Sincerely,
AT&T
To transfer files: right-click on file, pick Copy. Unplug mouse, plug mouse into other computer. Right-click, paste.
(Score: 2) by SomeGuy on Tuesday April 23 2019, @03:53PM
"AT&T Settles 5Ge False Advertising Lawsuit With Sprint"
Got to love that name AT&T, where "&" has so many different uses, encoding, and meanings on a computers. Other brilliant names that come to mind are OS/2, C++, and Alcohol 120%.
Brought to you by the famous marketing executive Robert'); DROP TABLE Students;--
:P
(Score: 3, Insightful) by bob_super on Tuesday April 23 2019, @05:22PM
I'm glad that we don't have any of those nasty evil unelected regulators to prevent cartels from agreeing on the terms of their lies to the
sheepconsumers.No Fault Settlement is the American Way, Baby !
(Score: 2) by legont on Wednesday April 24 2019, @12:04AM
Huawei is the only business that has 5G now and AT&T is falsely advertising it, while corrupt US government slows the progress using sanctions. Should work like a charm.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.