Staples Says FTC 'Failed Utterly' In Antitrust Case
Law360, Washington (April 5, 2016, 10:11 AM EDT) -- Staples and Office Depot called the Federal Trade Commission case against their merger "fatally flawed" Tuesday, saying the government has not carried its burden and the companies would not call any witnesses in defense.
Tuesday's announcement surprised both U.S. District Judge Emmet G. Sullivan and the government, as instead of cross-examining Staples CEO Ron Sargent and Office Depot CEO Roland Smith as part of the defense case, the bench trial on the preliminary injunction heads to oral arguments later this month over final fact findings. Staples counsel Diane Sullivan said the government had not carried its burden to prove the merger...
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