Photo: Ryland West/ALMSkadden and Steptoe, Defending Amex GBT, Blasts Biden DOJ's Antitrust Lawsuit Over Merger Proposal
Amex GBT's Biden-bashing defense strategy may have no influence on the ultimate outcome of the government's lawsuit opposing Amex GBT's proposed acquisition of rival travel management company CWT, according to antitrust litigation experts.
January 17, 2025 at 12:45 PM
4 minute read
What You Need to Know
- Skadden, Arps, Slate, Meagher & Flom and Steptoe represent travel management company Amex GBT.
- The U.S. Department of Justice filed a complaint seeking to block Amex GBT from acquiring rival company CWT Holdings.
- Antitrust litigation attorneys from Ropes & Gray and McCarter & English say the incoming Trump administration is unlikely to withdraw the case.
Counsel for the world’s largest travel management company blasted the U.S. Department of Justice for filing an antitrust lawsuit opposing a merger agreement days before President-elect Donald Trump takes office.
The Justice Department filed a complaint in Manhattan federal court Jan. 10 alleging American Express Global Business Travel Group’s proposed $570 million acquisition of its competitor CWT Holdings “threatens to substantially lessen competition” in the travel management services industry.
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