Del. Federal Judge Blocks Merger of Radioactive-Waste Disposal Firms
A Delaware federal judge on Wednesday blocked the planned $367 million merger of market-leading radioactive waste disposal companies EnergySolutions Inc. and Waste Control Specialists, ruling in favor of government attorneys who argued the tie-up would violate U.S. antitrust law.
June 21, 2017 at 06:14 PM
4 minute read
The original version of this story was published on Delaware Law Weekly
A Delaware federal judge on Wednesday blocked the planned $367 million merger of market-leading radioactive waste disposal companies EnergySolutions Inc. and Waste Control Specialists, ruling in favor of government attorneys who argued the tie-up would violate U.S. antitrust law.
The decision, from U.S. District Judge Sue L. Robinson of the District of Delaware, was filed under seal at the request of the companies, which had asked that their confidential information be kept private. The parties have until June 28 to agree on a redacted version of the opinion to be made public.
The ruling followed a 10-day bench trial in May, where attorneys for the U.S. Department of Justice's Antitrust Division argued that the deal was presumptively illegal and would lead to higher prices and less innovation in markets that were already experiencing high levels of concentration.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 3First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
- 4The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 5The Growing Tension—And Opportunity—in Big Law Nonequity Tiers
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250