Here Came the Judge

The court orders changes in AT&T's antitrust settlement

For seven months, executives of American Telephone & Telegraph Co. (1981 revenues: $59.2 billion) have not dared pop open champagne bottles to celebrate the settlement of the Government's antitrust suit against the company. Reason: they have waited nervously for U.S. District Court Judge Harold Greene to end the case by signing a consent decree for the landmark agreement that AT&T and the Justice Department reached in January. Greene had won a reputation for pulling surprises in the eight-year-old case, and nothing could be set until he approved the deal. Last week the...

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