The legal mess engulfing T-Mobile’s $26 billion deal to buy Sprint looks more complicated than ever, but experts say the upshot is starting to look simple: the merger is in major trouble.
New York Attorney General Letitia James on Tuesday, along with eight other states and the District of Columbia, sued to block the mega-merger between the wireless carriers, arguing that a deal would mean higher prices for consumers.
Glenn Pomerantz, lead counsel for the state attorneys general, asked federal Judge Victor Marrero of the Southern District of New York to approve a temporary restraining order, or TRO, to block the controversial merger.
Marrero, a Clinton appointee, is expected by most insiders to approve the TRO — an order that would effectively postpone the deal for at least six months, a source close to the merging parties said.
“It’s all about the TRO,” the source said.
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