Thursday, November 20, 2014

This Day In The Law: Justice Department Brings Antitrust Action Against AT&T

On November 20, 1974, the Department of Justice filed its final antitrust suit against AT&T, signaling the end of the “Bell system”. United States v. AT&T was ultimately settled out of court, under an agreement that the corporation would split and thereby end its monopoly on telephone service throughout the United States.

Source: Jurist

Ernster, the Virtual Library Cat

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