Judge Rules That T-Mobile Must Face a Private Antitrust Lawsuit Over Its $26 Billion Sprint Deal

A federal judge in Chicago has ordered T-Mobile US TMUS.O to face a lawsuit from AT&T T.N and Verizon VZ.N subscribers who claim the mobile communication giant’s deal for rival Sprint hurt competition and caused them to pay billions of dollars more for wireless service.

U.S. District Judge Thomas Durkin in a 41-page ruling on Thursday said the plaintiffs “plausibly” argued that higher prices “flowed directly” from the $26 billion merger.

The proposed class action on behalf of tens to hundreds of millions of consumers was filed last year and seeks a range of penalties, including undoing the 2020 T-Mobile-Sprint merger.

Read the source article at Nasdaq