We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Alltel Settles With SEC Over Divestment Orders

Law360 (December 3, 2007, 12:00 AM EST) -- Alltel Corp. has agreed to shell out $1.325 million to settle charges that it violated a pair of court orders requiring it to divest its operations in four rural Minnesota areas in order to get its $1.1 billion purchase of Midwest Wireless Holdings LLC approved.

The U.S. Department of Justice announced Monday that the Little Rock, Ark.-based mobile wireless provider had agreed to shell out $745,000 to the state of Minnesota and $580,000 to the U.S. Treasury.

Those payments would settle the petition the DOJ and...
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.