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US v ATT CORP and TCI INC Click to find out why . . .



Keywords & Phrases
CaseNo: UVACATI117554, CourtName: US DEPARTMENT OF JUSTICE, Plaintiff: US, State: DC Washington D.C., UniqueCaseRef: LCD>UVACATI117554, Judgement, Liberty, Sprint, Wireless Telephone Services, Mobile Wireless Telephone, United States, Sprint Pcs, Tci, Divestiture, Competition, Merger, Liberty Media, Trustee, Provisions, Provider, Pcs Tracking Stock, Entry, Acquisition, Subsidiaries, Shares, Antitrust, Mobile Wireless, Telephone Services, Sprint Holdings, Liberty Media Corporation, Purpose, Equity, Merger Agreement, Clayton Act, Sprint Pcs Tracking, Complaint, Competitive Impact Statement, Tracking Stock, Telecommunications , ContentID: 120245997

Case Documents
1   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 113109
8 pages
PDF
2   COMPETITIVE IMPACT STATEMENT
[ see first page and extracted highlights below  ] ItemID: 113108
20 pages
PDF
3   COMMENTS RELATING TO PROPOSED FINAL JUDGMENT
[ see first page and extracted highlights below  ] ItemID: 113107
6 pages
PDF
4 2000-05 STIPULATION
[ see first page and extracted highlights below  ] ItemID: 113113
3 pages
PDF
5 2000-05 MOTION FOR ENTRY OF FINAL JUDGMENT
[ see first page and extracted highlights below  ] ItemID: 113111
6 pages
PDF
6 1998-12-30 US COMPLIANCE WITH ANTITRUST PROCEDURES AND PENALTIES ACT
[ see first page and extracted highlights below  ] ItemID: 113114
4 pages
PDF
7 1998-12-30 PROPOSED FINAL JUDGMENT
[ see first page and extracted highlights below  ] ItemID: 113112
14 pages
PDF
8 1998-12-30 FINAL JUDGMENT
[ see first page and extracted highlights below  ] ItemID: 113110
14 pages
PDF
Total Documents: 8 documents , 75 pages
Price: $ 54.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
TELEPHONE SERVICES
MOBILE WIRELESS TELEPHONE
SPRINT
SPRINT PCS
UNITED STATES
NETWORKS
TCI
COMPETITION
PROVIDER
GEOGRAPHIC AREAS
CUSTOMERS
CARRIERS
LICENSES
PROPOSED ACQUISITION
CLAYTON ACT
YORK
CELLULAR
CITY
VIOLATION
EQUITY
NATIONWIDE FOOTPRINT
PROVISION
LESSEN COMPETITION
METROPOLITAN AREAS
PROPOSED MERGER
CONSUMERS
REVENUES
SALE
STOCK
                        IN THE UNITED STATES DISTRICT COURT
                            FOR THE DISTRICT OF COLUMBIA



UNITED STATES OF AMERICA,

 Plaintiff,      No. 1: 98CV03170
                                                                 (Antitrust)


 v.
 AT&T CORPORATION and
TELE-COMMUNICATIONS, INC.,

                                     Defendants.


                                           COMPLAINT

       The United States of America, acting under the direction of the Attorney General of the

United States, brings this civil action pursuant to section 15 of the Clayton Act, as amended, 15

U.S.C. § 25, to obtain equitable relief in order to prevent and restrain a violation of section 7 of

the Clayton Act, as amended, 15 U.S.C. § 18, and alleges as follows:



                                       Nature of the Action

       1.  The United States brings this antitrust action to prevent the proposed merger of Tele-

Communications, Inc. ("TCI") into a wholly owned subsidiary of AT&T Corporation ("AT&T").

       2.  AT&T is the largest provider of mobile wireless telephone services in the United

States. TCI, through a subsidiary, owns a 23.5 percent equity interest in the mobile wireless

telephone business of Sprint Corporation ("Sprint").  Sprint is a provider of mobile wireless



telephone services in the United States with a national footprint of licenses and networks.

       3.  Following the defendants' proposed merger, AT&T, through its wholly owned

subsidiary Liberty Media Corporation ("Liberty"), will own a 23.5 percent equity interest in
SNIPPETS:
  • The United States of America, acting under the direction of the Attorney General of the
  • United States, brings this civil action pursuant to section 15 of the Clayton Act, as
  • The United States brings this antitrust action to prevent the proposed merger of
  • AT&T is the largest provider of mobile wireless telephone services in the United
  • TCI, through a subsidiary, owns a 23.5 percent equity interest in the mobile wireless
  • telephone business of Sprint Corporation.
  • telephone services in the United States with a national footprint of licenses and networks.
  • Sprint PCS, one of its principal competitors in the provision of mobile wireless telephone
  • The proposed merger, if consummated, may substantially lessen competition in the
  • to prevent and restrain the violation by defendants, as hereinafter alleged, of Section 7 of
  • TCI and Sprint sell products and services in interstate commerce.
  • AT&T is a New York corporation with its headquarters in New York,
  • with approximately $5 billion in revenues from the sale of mobile wireless
  • metropolitan areas in the United States.
  • On June 23, 1998, AT&T entered into an agreement to purchase the stock and assets
  • this service is a valuable feature to consumers.
  • interconnect this network with the networks of local and long distance landline carriers,
  • cellular licenses throughout various parts of the country.
  • substantial number of PCS licenses in other geographic areas,
  • Customers of other wireless carriers which have local or regional networks may be
  • OR; Sacramento; Salt Lake City; Las Vegas; and at least 18 other metropolitan markets.
  • who are attracted by their strong brands and the nearly nationwide footprint offered by both
  • the proposed acquisition will violate Section 7 of the Clayton Act.

  • 2 . COMPETITIVE IMPACT STATEMENT

    EXTRACTED KEY WORDS
    WIRELESS TELEPHONE SERVICES
    JUDGEMENT
    MOBILE WIRELESS TELEPHONE
    TCI
    MERGER
    COMPETITION
    UNITED STATES
    SPRINT PCS
    ACQUISITION
    PROVIDER
    BUSINESS
    ANTITRUST
    ENTRY
    SUBSIDIARIES
    EQUITY
    CLAYTON ACT
    TRACKING STOCK
    DIVESTITURE
    LIBERTY MEDIA
    TELECOMMUNICATIONS
    COMPETITIVE IMPACT STATEMENT
    ANTITRUST PROCEDURES
    COMMUNICATIONS
    SPRINT PCS SHARES
    PROVISIONS
    SPRINT PCS HOLDING
    SERVICE QUALITY
    BUSINESSES
    COMPLAINT ALLEGES
    
                                 IN THE UNITED STATES DISTRICT COURT
                                     FOR THE DISTRICT OF COLUMBIA
    
    
           UNITED STATES OF AMERICA,
    
            Plaintiff,
                                                                  No. 1: 98CV03170
                                                                  Judge Emmet G. Sullivan
                                                                    (Antitrust)
    
    
            v.
    
           AT&T CORPORATION and
           TELE-COMMUNICATIONS, INC.,
    
                                            Defendants.
    
    
                                    COMPETITIVE IMPACT STATEMENT
    
    
    
                The United States, pursuant to Section 2(b) of the Antitrust Procedures and Penalties
    
    U.S.C. § 16(b)-(h) ("APPA"), files this Competitive Impact Statement relating to the proposed Final
    
    Judgment submitted for entry in this civil antitrust proceeding.
    
    
    
    I.          NATURE AND PURPOSE OF THE PROCEEDING
    
                The United States filed a civil antitrust complaint on December 30, 1998, alleging that
    
    proposed merger of Tele-Communications Inc. ("TCI") with a wholly owned subsidiary of AT&T
    
    Corporation ("AT&T") would violate Section 7 of the Clayton Act, 15 U.S.C. § 18.  Among its
    
    other telecommunications businesses, AT&T is the largest provider of mobile wireless telephone
    
    services in the nation.  TCI, through a wholly owned subsidiary, holds a 23.5% equity interest in
    
    
    
                  mobile wireless telephone business of Sprint Corporation ("Sprint") another large
    
                  mobile wireless telephone services through its personal communications services
    
    SNIPPETS:
  • The United States, pursuant to Section 2of the Antitrust Procedures and Penalties Act, 15
  • files this Competitive Impact Statement relating to the proposed Final
  • Judgment submitted for entry in this civil antitrust proceeding.
  • proposed merger of Tele-Communications Inc. with a wholly owned subsidiary of AT&T
  • Corporation would violate Section 7 of the Clayton Act,
  • other telecommunications businesses, AT&T is the largest provider of mobile wireless telephone
  • TCI, through a wholly owned subsidiary, holds a 23.5% equity interest in the
  • Sprint PCS.1 The complaint alleges that AT&T's acquisition of this interest in one of its
  • The prayer for relief seeks a judgment that the proposed acquisition would violate Section
  • pending completion of the divestiture.
  • This partnership was restructured on November 23, 1998, through transactions in which TCI and
  • Their Sprint PCS tracking stock has full voting power on issues relating to changing the
  • Sprint owns 53% of the voting power and equity of Sprint PCS.
  • Court would retain jurisdiction to construe, modify, or enforce the provisions of the
  • AT&T is a provider of a wide range of telecommunications services internationally and in the
  • as well as the largest provider of mobile wireless telephone services.
  • A variety of other assets now owned by subsidiaries of TCI,
  • will be transferred to Liberty Media Corp..2 Liberty will be a wholly-owned
  • The complaint alleges that the proposed merger may substantially lessen competition in the
  • (or decisions on potential investments to improve service quality)
  • Sprint will retain a majority of the voting power of the Sprint PCS shares and the voting
  • between Liberty's Sprint PCS holding and AT&T's wireless business,

  • 3 . COMMENTS RELATING TO PROPOSED FINAL JUDGMENT

    EXTRACTED KEY WORDS
    JUDGEMENT
    SPRINT
    PUBLICATION
    COURT
    COMPETITION
    SPRINT PCS
    ANTITRUST
    DISTRICT
    DECREE
    RESPONSE
    CONSENT
    DEFENDANTS
    APPA
    SHARES
    ENTRY
    COMPLAINT
    MERGER
    MOBILE WIRELESS TELEPHONE
    VOTE
    MICROSOFT
    CIR
    GOVERNMENT
    RELATING
    PURSUANT
    PENALTIES ACT
    WIRELESS TELEPHONE BUSINESS
    SPRINT CORPORATION
    PROVISIONS
    COMPETITIVE IMPACT STATEMENT
    
                           IN THE UNITED STATES DISTRICT COURT
                                 FOR THE DISTRICT OF COLUMBIA
    
    
    
    UNITED STATES OF AMERICA,
    
                                            Plaintiff,      No. 98-CV03170
                                                            Judge Emmet G. Sullivan
    
    
                           v.
    
    AT&T CORP. and
    TELE-COMMUNICATIONS, INC.,
    
                                        Defendants.
    
    
    
      COMMENT RELATING TO PROPOSED FINAL JUDGMENT AND RESPONSE OF
                                 THE UNITED STATES TO COMMENT
    
    
    
    
           Pursuant to Section 2(b) of the Antitrust Procedures and Penalties Act (15 U.S.C.
    
    §16(b)-(h)) ("APPA"), the United States of America hereby files the public comment it has
    
    received relating to the proposed Final Judgment in this civil antitrust proceeding, and herein
    
    responds to the public comment.  The United States has concluded that the change to the
    
    proposed Final Judgment that was suggested in the comment would be in the public interest.
    
    Accordingly, the United States has secured the consent of the defendants to modify the proposed
    
    Final Judgment in this respect.  The APPA requires publication of the public comment and the
    
    United States' response.  When that publication has been completed, the United States will file a
    
                                                       1
    
    
    
    Certificate of Compliance with the APPA and a Motion for Entry of the Modified Judgment with
    
    the court.
    
    SNIPPETS:
  • IN THE UNITED STATES DISTRICT COURT
  • Pursuant to Section 2of the Antitrust Procedures and Penalties Act (15 U.S.C.
  • received relating to the proposed Final Judgment in this civil antitrust proceeding,
  • the United States has secured the consent of the defendants to modify the proposed
  • The APPA requires publication of the public comment and the
  • United States' response.
  • the merger of Tele-Communications, Inc. with a wholly-owned subsidiary of AT&T
  • mobile wireless telephone business of Sprint Corporation would substantially
  • lessen competition in the provision of mobile wireless telephone services in many geographic
  • one of the principal competitors to AT&T's mobile wireless telephone business
  • incentives to compete with Sprint PCS could be lessened significantly as a result of the
  • filed a Complaint seeking to enjoin the merger.
  • United States also submitted a proposed Final Judgment, a Competitive Impact Statement, and a
  • Stipulation signed by the defendants consenting to entry of the proposed Final Judgment by the
  • these provisions,
  • trustee be instructed not to vote the Sprint PCS shares held by the trust.
  • Comments of Sprint Corporation at 2.
  • and whether the decree may positively harm third parties.
  • Microsoft, 56 F.3d 1448, 1461-62 (D.C.
  • Cir.
  • Absent a showing of corrupt failure of the government to discharge its duty,

  • 4 . STIPULATION

    EXTRACTED KEY WORDS
    JUDGEMENT
    PLAINTIFF
    COURT
    CONSENT
    PARTY
    DEFENDANTS
    PARTIES
    MOTION
    ANTITRUST
    WITHDRAWN
    ENTRY
    FILING
    PROVISIONS
    TELECOMMUNICATIONS
    ABIDE
    JUDGMENT PENDING ENTRY
    EVENT PLAINTIFF WITHDRAWS
    PARAGRAPH
    ENTERED PURSUANT
    EFFECT WHATEVER
    PREJUDICE
    DEBORAH
    ROY
    ANTITRUST DIVISION
    SUITE
    WASHINGTON
    MARC
    ROSENBLUM
    JONES
    
                                  IN THE UNITED STATES DISTRICT COURT
                                      FOR THE DISTRICT OF COLUMBIA
    
    
    
         UNITED STATES OF AMERICA,
    
          Plaintiff,
                                                              No. 1: 98CV03170:
                                                                  (Antitrust)
    
    
          v.
    
         AT&T CORP. and
         TELE-COMMUNICATIONS, INC.,
    
                                           Defendants.
    
    
    
    
    
    
                                                    STIPULATION
    
              It is stipulated by and between the undersigned parties, by their respective attorneys,
    
               A.     The Court has jurisdiction over the subject matter of this action and over each
    
    parties hereto, and venue of this action is proper in the District for the District of Columbia.   
    
              The parties to this Stipulation consent that a Final Judgment in the form attached may be
    
    and entered by the Court, upon the motion of any party or the Court's own motion, at any time after
    
    compliance with the requirements of the Antitrust Procedures and Penalties Act (15 U.S.C. § 16),
    
    without further notice to any party or other proceedings, provided that plaintiff has not withdrawn
    
    consent, which it may do at any time before entry of the proposed Final Judgment by serving notice
    
    the defendants and by filing that notice with the Court.
    
              C.      Defendants shall abide by and comply with the provisions of the proposed Final
    
    Judgment pending entry of the Final Judgment, and shall, from the date of the filing of this
    
    
    SNIPPETS:
  • The Court has jurisdiction over the subject matter of this action and over each of the
  • The parties to this Stipulation consent that a Final Judgment in the form attached may be
  • and entered by the Court, upon the motion of any party or the Court's own motion, at any time
  • without further notice to any party or other proceedings, provided that plaintiff has not
  • Defendants shall abide by and comply with the provisions of the proposed Final
  • Judgment pending entry of the Final Judgment, and shall, from the date of the filing of this
  • In the event plaintiff withdraws its consent, as provided in paragraph above, or if the
  • proposed Final Judgment is not entered pursuant to this Stipulation, this Stipulation shall
  • effect whatever, and the making of this Stipulation shall be without prejudice to any party
  • Telecommunications
  • DEBORAH A. ROY
  • Antitrust Division
  • 1401 H Street, N.W., Suite 8000
  • Washington, DC 20530
  • MARC C. ROSENBLUM
  • Jones,

  • 5 . MOTION FOR ENTRY OF FINAL JUDGMENT

    EXTRACTED KEY WORDS
    UNITED STATES
    COURT
    ENTRY
    COMPETITION
    DEFENDANTS
    MOTION
    APPA
    COMPETITIVE IMPACT
    ACT
    CERTIFICATE
    COMPLAINT
    MOBILE WIRELESS
    WIRELESS TELEPHONE SERVICES
    TELEPHONE SERVICES
    SPRINT PCS
    COMPETITIVE IMPACT STATEMENT
    RESPONSE
    PROVISIONS
    LICENSEES
    CONSIDERATIONS
    COUNSEL
    CIVIL ANTITRUST
    COMPLIANCE
    PARTIES
    COMPLAINT ALLEGES
    VIOLATIONS
    STIPULATION
    DIVEST
    REASONS
    
                              UNITED STATES DISTRICT COURT
                                   DISTRICT OF COLUMBIA
    
    
    
                                                 )
    UNITED STATES OF AMERICA,                    ))
                                 Plaintiff,      ))          Case Number: No.98-CV03170
                    v.                           ))          Judge Emmet G. Sullivan
    AT&T CORP. and                               )
    TELE-COMMUNICATIONS, INC.,                   ))
                                 Defendants. ))
    
                          MOTION FOR ENTRY OF FINAL JUDGMENT
    
              Pursuant to Section 2(b) of the Antitrust Procedures and Penalties Act,
    
    ("APPA" or "Tunney Act"), 15 U.S.C. § 16 (b)-(h), the United States of America
    
    moves for entry of the proposed Final Judgment in this civil antitrust proceeding.
    
    The Final Judgment may be entered at this time without further hearing, if the
    
    Court determines that entry is in the public interest.  A Certificate of Compliance,
    
    certifying that the parties have complied with all applicable provisions of the APPA
    
    and that the waiting period has expired, has been filed simultaneously with this
    
    Court.
    
                                                       I.
    
                                               Background
    
    
    
          This action was commenced on December 30, 1998, when the United States
    
    filed a civil antitrust complaint under Section 15 of the Clayton Act, as amended, 15
    
    U.S.C. § 25.  The complaint alleged that the proposed acquisition of Tele-
    
    communications, Inc. ("TCI") by AT&T Corp. ("AT&T") would violate Section 7 of
    
    the Clayton Act, as amended, 15 U.S.C. § 18.  The Complaint alleges that the
    
    acquisition of TCI by AT&T would substantially lessen competition in the market
    
    
    SNIPPETS:
  • UNITED STATES DISTRICT COURT
  • MOTION FOR ENTRY OF FINAL JUDGMENT
  • Pursuant to Section 2of the Antitrust Procedures and Penalties Act,
  • moves for entry of the proposed Final Judgment in this civil antitrust proceeding.
  • Court determines that entry is in the public interest.
  • certifying that the parties have complied with all applicable provisions of the APPA
  • filed a civil antitrust complaint under Section 15 of the Clayton Act, as amended, 15
  • The Complaint alleges that the
  • for mobile wireless telephone services in geographic markets in which AT&T is one
  • of the two cellular licensees, and in which Sprint PCS is a PCS licensee for mobile
  • Judgment and a Stipulation signed by the parties consenting to entry of the
  • Defendants have consented to abide by the terms of the
  • December 30, 1998, the United States filed a Competitive Impact Statement
  • competition in the relevant markets.
  • Final Judgment is that a 23.5% stock interest in Sprint PCS must be divested by
  • The trustee must then divest the stock in a manner reasonably
  • In response to that comment, the United States and defendants agreed
  • Final Judgment have all been met, as is attested in the Certificate of Compliance
  • and any other considerations bearing upon the adequacy of such judgment;
  • and individuals alleging specific injury from the violations set forth in the
  • For the reasons set forth in this Motion and in the Competitive Impact
  • July, 1999 upon each of the parties listed below, who are counsel for defendants

  • 6 . US COMPLIANCE WITH ANTITRUST PROCEDURES AND PENALTIES ACT

    EXTRACTED KEY WORDS
    UNITED STATES
    COURT
    STIPULATION
    CERTIFICATE
    COMPLIANCE
    PROVISIONS
    ANTITRUST PROCEDURES
    PENALTIES ACT
    PLAINTIFF
    ENTRY
    DEFENDANTS
    PURSUANT
    CIS
    RESPONSE
    DISTRICT
    HEREBY CERTIFIES
    APPA
    FEDERAL REGISTER
    PARTIES
    JUDGEMENT
    FILED STIPULATION THERETO
    SECOND STIPULATION
    REQUESTING PARTIES
    COMPLAINT
    COMMUNICATIONS
    DEFENDANTS RELATING
    OFFICERS
    EMPLOYEES
    DETERMINATION
    
                                UNITED STATES DISTRICT COURT
                                      DISTRICT OF COLUMBIA
    
    
    
                                                   )
    UNITED STATES OF AMERICA,                      ))
                                   Plaintiff,      ))            Case Number: No.98-CV03170
                   v.                              ))            Judge Emmet G. Sullivan
    AT&T CORP. and                                  )
    TELE-COMMUNICATIONS, INC.,                     ))
                                   Defendants. ))
    
                                UNITED STATES' CERTIFICATE OF
                         COMPLIANCE WITH THE PROVISIONS OF THE
                         ANTITRUST PROCEDURES AND PENALTIES ACT
    
           Plaintiff United States of America hereby certifies that it has complied with the provisions
    
    of the Antitrust Procedures and Penalties Act, 15 U.S.C.A. § 16 (b)-(h) (West 1997) ("APPA") in
    
    preparation for entry of a final judgment, and states:
    
    
    
           1.      On December 30, 1998, plaintiff and defendants stipulated to the entry of the
    
    proposed Final Judgment after compliance with the requirements of the APPA, assuming plaintiff
    
    had not withdrawn its consent.
    
    
    
           2.      The stipulation and proposed Final Judgment were filed with the Court on
    
    December 30, 1998, and the Competitive Impact Statement ("CIS") was also filed with the Court
    
    on December 30, 1998.
    
    
    
             3.    Pursuant to 15 U.S.C.A. § 16(b), the stipulation, proposed Final Judgment and
    
    CIS were published in the Federal Register on January 14, 1999, 64 Fed. Reg. 2506.
    
    
    
             4.    Pursuant to 15 U.S.C.A. § 16(c), a summary of the terms of the proposed Final
    
    
    SNIPPETS:
  • UNITED STATES DISTRICT COURT
  • COMPLIANCE WITH THE PROVISIONS OF THE
  • Plaintiff United States of America hereby certifies that it has complied with the provisions
  • of the Antitrust Procedures and Penalties Act,
  • On December 30, 1998, plaintiff and defendants stipulated to the entry of the
  • proposed Final Judgment after compliance with the requirements of the APPA,
  • The stipulation and proposed Final Judgment were filed with the Court on
  • Pursuant to 15 U.S.C.A.
  • CIS were published in the Federal Register on January 14, 1999, 64 Fed.
  • the Final Judgement with a filed stipulation thereto.
  • The comment, Plaintiff's Response to Public
  • the second stipulation and Final Judgment as modified were filed with the Court.
  • the United States furnished to requesting parties
  • copies of the CIS, as well as copies of the Complaint, the proposed Final Judgment, and the
  • communications by or on behalf of Defendants relating to the proposed Final Judgment with
  • officers or employees of the United States.
  • APPA as a condition for entry of the proposed Final Judgment.
  • now asks this Court to make its public interest determination and enter the Final
  • I hereby certify that copies of the foregoing PLAINTIFF'S Certificate of Compliance with the

  • 7 . PROPOSED FINAL JUDGMENT

    EXTRACTED KEY WORDS
    JUDGEMENT
    DEFENDANTS
    PLAINTIFF
    DIVESTITURE
    SPRINT PCS
    TRUSTEE
    COURT
    LIBERTY MEDIA
    PCS TRACKING STOCK
    SHARES
    SPRINT HOLDINGS
    ATTORNEY
    LIBERTY MEDIA CORPORATION
    PURPOSE
    MERGER AGREEMENT
    UNITED STATES
    PROVISIONS
    SPRINT PCS TRACKING
    DIRECTORS
    COMPLAINT
    SUBSIDIARIES
    EMPLOYEES ACTING
    TCI
    ACCOMPLISHING
    TRUST AGREEMENT
    ADJUDICATION
    JUDGMENT PENDING
    RELATED INJUNCTIVE RELIEF
    COMPETITION
    
    
                               IN THE UNITED STATES DISTRICT COURT
                                  FOR THE DISTRICT OF COLUMBIA
    
    
    
           UNITED STATES OF AMERICA,
    
            Plaintiff,      No. 1: 98CV03170
                                                                   (Antitrust)
    
    
    
            v.
    
           AT&T CORP. and
           TELE-COMMUNICATIONS, INC.,
    
                                        Defendants.
    
    
    
                                    PROPOSED FINAL JUDGMENT
    
                     WHEREAS, plaintiff, the United States of America, having filed its
    
    Complaint herein on December 30, 1998, and plaintiff and defendants, by their respective
    
    attorneys, having consented to the entry of this Final Judgment without trial or
    
    adjudication of any issue of fact or law herein, and without this Final Judgment
    
    constituting any evidence against or an admission by any party with respect to any issue of
    
    law or fact herein;
    
                     AND WHEREAS, defendants have agreed to be bound by the provisions of
    
    this Final Judgment pending its approval by the Court;
    
                     AND WHEREAS, the essence of this Final Judgment is certain divestiture of
    
    
    
    
    
     specific assets and the imposition of related injunctive relief to ensure that competition is
    not substantially lessened;
    
    SNIPPETS:
  • IN THE UNITED STATES DISTRICT COURT
  • WHEREAS, plaintiff, the United States of America, having filed its
  • Complaint herein on December 30, 1998, and plaintiff and defendants, by their respective
  • adjudication of any issue of fact or law herein, and without this Final Judgment
  • this Final Judgment pending its approval by the Court;
  • specific assets and the imposition of related injunctive relief to ensure that competition is
  • plaintiff requires LIBERTY MEDIA CORPORATION to
  • make certain divestitures for the purpose of preventing a lessening of competition alleged
  • divestiture ordered herein can and will be made and that defendants will later raise no
  • divestiture provisions contained herein;
  • assigns, its subsidiaries, and the directors, officers, managers, agents and employees acting
  • the directors, officers, managers, agents and employees acting for or on behalf of Liberty.
  • corporation, as well as the assets, liabilities and businesses attributed to the Liberty Media
  • Group (as defined in the AT&T/TCI Merger Agreement) and its successors and assigns,
  • referred to as "Liberty Media Tracking Shares" in the AT&T/TCI
  • F. "AT&T/TCI Merger" means the merger of TCI with a subsidiary of
  • Stock, Series 3, the shares of Sprint PCS Tracking Stock issuable in respect of Sprint's
  • "Liberty's Sprint Holdings" means the Sprint PCS Tracking Stock
  • respect to Sections IV, V and VI of this Final Judgment, to the trustee and his or her
  • accomplishing a divestiture of such holdings in accordance with the terms of this Final
  • The trust agreement shall be in a form approved by the plaintiff, and its terms shall be
  • Schedule 2.1to the AT&T/TCI Merger Agreement) of Liberty Media Corporation.
  • of the Attorney General or of the Assistant Attorney General in charge of the Antitrust

  • 8 . FINAL JUDGMENT

    EXTRACTED KEY WORDS
    JUDGEMENT
    DEFENDANTS
    PLAINTIFF
    DIVESTITURE
    SPRINT PCS
    TRUSTEE
    COURT
    LIBERTY MEDIA
    PCS TRACKING STOCK
    SHARES
    SPRINT HOLDINGS
    ATTORNEY
    LIBERTY MEDIA CORPORATION
    PURPOSE
    MERGER AGREEMENT
    UNITED STATES
    PROVISIONS
    SPRINT PCS TRACKING
    DIRECTORS
    COMPLAINT
    TCI
    SUBSIDIARIES
    EMPLOYEES ACTING
    ACCOMPLISHING
    TRUST AGREEMENT
    ADJUDICATION
    JUDGMENT PENDING
    RELATED INJUNCTIVE RELIEF
    COMPETITION
    
                               IN THE UNITED STATES DISTRICT COURT
                                  FOR THE DISTRICT OF COLUMBIA
    
    
    
           UNITED STATES OF AMERICA,
    
            Plaintiff,      No. 1: 98CV03170
                                                                   (Antitrust)
    
    
    
            v.
    
           AT&T CORP. and
           TELE-COMMUNICATIONS, INC.,
    
                                        Defendants.
    
    
    
                                         FINAL JUDGMENT
    
                     WHEREAS, plaintiff, the United States of America, having filed its
    
    Complaint herein on December 30, 1998, and plaintiff and defendants, by their respective
    
    attorneys, having consented to the entry of this Final Judgment without trial or
    
    adjudication of any issue of fact or law herein, and without this Final Judgment
    
    constituting any evidence against or an admission by any party with respect to any issue of
    
    law or fact herein;
    
                     AND WHEREAS, defendants have agreed to be bound by the provisions of
    
    this Final Judgment pending its approval by the Court;
    
                     AND WHEREAS, the essence of this Final Judgment is certain divestiture of
    
    specific assets and the imposition of related injunctive relief to ensure that competition is
    
    
    
    
     not substantially lessened;
                   AND WHEREAS, plaintiff requires LIBERTY MEDIA CORPORATION  to
    
    SNIPPETS:
  • IN THE UNITED STATES DISTRICT COURT
  • WHEREAS, plaintiff, the United States of America, having filed its
  • Complaint herein on December 30, 1998, and plaintiff and defendants, by their respective
  • adjudication of any issue of fact or law herein, and without this Final Judgment
  • this Final Judgment pending its approval by the Court;
  • specific assets and the imposition of related injunctive relief to ensure that competition is
  • plaintiff requires LIBERTY MEDIA CORPORATION to
  • make certain divestitures for the purpose of preventing a lessening of competition alleged
  • divestiture ordered herein can and will be made and that defendants will later raise no
  • divestiture provisions contained herein;
  • "TCI" means defendant Tele-Communications, Inc., a Delaware
  • corporation with its headquarters in Englewood, Colorado and includes its successors and
  • the directors, officers, managers, agents and employees acting for or on behalf of Liberty.
  • corporation, as well as the assets, liabilities and businesses attributed to the Liberty Media
  • Group (as defined in the AT&T/TCI Merger Agreement) and its successors and assigns,
  • referred to as "Liberty Media Tracking Shares" in the AT&T/TCI
  • Stock, Series 3, the shares of Sprint PCS Tracking Stock issuable in respect of Sprint's
  • "Liberty's Sprint Holdings" means the Sprint PCS Tracking Stock
  • respect to Sections IV, V and VI of this Final Judgment, to the trustee and his or her
  • accomplishing a divestiture of such holdings in accordance with the terms of this Final
  • Defendants shall submit a form of trust agreement to the plaintiff, who shall communicate to
  • Schedule 2.1to the AT&T/TCI Merger Agreement) of Liberty Media Corporation.
  • of the Attorney General or of the Assistant Attorney General in charge of the Antitrust
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