(Reuters) – AT&T Inc is turning to the federal courts to thwart an effort led by law firm Bursor & Fisher to derail AT&T’s $39 billion takeover bid for Deutsche Telekom AG’s T-Mobile.
In eight lawsuits filed last week, AT&T accused Bursor & Fisher and a second plaintiffs’ firm, Faruqi & Faruqi, of trying to pressure AT&T into “an extortionate settlement” by encouraging AT&T customers to file multiple claims against the merger.
Bursor & Fisher launched a “Fight the Merger” campaign in July, saying the megadeal would violate federal antitrust law and restrict competition. So far, Bursor & Fisher has filed 26 arbitration demands and more than 900 notices of dispute on behalf of AT&T customers who oppose the merger.
Full story: AT&T sues customers seeking to block T-Mobile deal