MetroPCS, T-Mobile Look To Nix Order Blocking $1.5B Merger

Law360, Houston (November 20, 2012, 3:54 PM EST) -- MetroPCS Communications and Deutsche Telekom AG unit T-Mobile USA Inc. on Monday asked a Texas appeals court to toss a temporary restraining order blocking their planned $1.5 billion merger, arguing the suit should have been filed in Delaware under a shareholder agreement.

In a petition for writ of mandamus filed with the Texas Court of Appeals for the Fifth District, the cellphone service providers argue that a Dallas trial judge should not have issued the restraining order requested by MetroPCS shareholder Adam Golovoy, because an agreement...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.