Corporate & Securities Law

DOJ Was 3 Hours Away From Suing Google

By David Fischer

The AmLaw Daily reports:

Google Inc. and Yahoo! Inc. called off their joint advertising agreement just three hours before the Department of Justice planned to file antitrust charges to block the pact, according to the lawyer who would have been lead counsel for the government.  Sanford “Sandy” Litvack (right) left Hogan & Hartson in September to consult for the department’s antitrust division on a possible court challenge to the Web giants’ agreement. The companies abandoned the deal in November after the Justice Department informed them it would seek to block the deal. “We were going to file the complaint at a certain time during the day,” says Litvack, who rejoins Hogan & Hartson today. “We told them we were going to file the complaint at that time of day. Three hours before, they told us they were abandoning the agreement.”

You can read the entire article here.

Full post as published by Antitrust Review on December 04, 2008 (boomark / email).