DOJ Sues to Stop AT&T and T-Mobile Merger

The Department of Justice has filed a civil antitrust suit to block AT&T's proposed $39 billion takeover of T-Mobile USA on the grounds that the deal would "substantially lessen competition." The deal would combine the second and fourth largest carriers to create a new market leader in the United States, ahead of current leader Verizon Wireless. Bloomberg reports that AT&T was surprised by the lawsuit and intends to fight so that "the enormous benefits of this merger can be fully reviewed." The DOJ's statement can be found here and the complaint here.

Jay Rogers Writes on Brazil’s New Positive Credit Registry

GREENVILLE, S.C.—Brazil’s new “Positive Credit Registry” law appears to be an important, and promising, development in the Brazilian credit market. For the first time, the world’s fifth-largest country is allowing the collection and maintenance of positive credit histories of consumers and businesses.

The new law stands to benefit lenders, retailers and consumers alike. Womble Carlyle attorney Jay Rogers has co-authored a new article on the Brazilian Positive Credit Registry for Credit Today.

Brazilian attorneys André de Almeida and Caio Iadocico de Faria Lima of the Almeida law firm in São Paulo, Brazil joined Rogers in writing the article.

Jay Rogers advises U.S. and foreign companies in mergers and acquisitions; corporate and capital structures; dispute resolution, including cross-border arbitration, litigation and mediation; commercial relationships with vendors, customers and lenders; U.S. and foreign Customs matters; immigration issues; and economic development incentives offered by local, state and national governments. He previously practiced in Brazil and Mexico, and is fluent in Portuguese and Spanish. Rogers practices in Womble Carlyle’s Greenville, S.C., office.