Anne Johnson and Dan Gold in Law360: AT&T Again Beats PE Firm’s $780M Suit Over T-Mobile Deal

09/06/2013

A Texas appeals court on Tuesday again rejected a German private equity firm’s bid to hold AT&T Inc. liable for about $780 million the firm claims it’s owed after doing consulting work leading up to AT&T’s failed bid to buy T-Mobile USA Inc.

The Fifth District Court of Appeals denied without comment a motion for rehearing filed Aug. 15 by General Capital Group Beteiligungsberatung GmbH, that sought to reverse a trial court’s award of summary judgment to AT&T. The firm had argued an appellate panel wrongly failed to recognize its claim for $780 million — the equivalent of a 2 percent success fee it claims it was owed if the $39 billion T-Mobile deal had closed in 2011, and that it was the victim of fraud because AT&T refused to acknowledge the agreement before the merger fell through...

AT&T is represented by Anne McGowan Johnson and Daniel Gold of Haynes and Boone, LLP.

Excerpted from Law360, September 6, 2013. To view full article, click here (subscription required).