The National Law Journal: Justice Department, Pursuing New Chapter in Antitrust Enforcement, Takes Book Publishers to Trial
July 28, 2022
The US Department of Justice’s antitrust division is going to trial on August 1 in an attempt to block Penguin Random House’s proposed acquisition of Simon & Schuster. Penguin’s defense is led by O’Melveny litigator Dan Petrocelli, who represented AT&T against a DOJ merger challenge during the Trump administration. “Penguin Random House’s acquisition of Simon & Schuster will strengthen the already vigorous competition among publishers to find and sell the books readers most want to read,” Petrocelli said. “More competition to sell books means more competition to acquire them from authors. The Department of Justice’s lawsuit misunderstands that competitive dynamic and many others.”
Read the full article here.