Attorney General Raoul Joins Coalition Of States Seeking To Intervene In Alleged Corrupt HPE/Juniper Networks Merger Settlement
CHICAGO – Attorney General Kwame Raoul today joined a coalition of state attorneys general asking to intervene in a court’s review of the $14 billion merger settlement between information technology companies Hewlett Packard Enterprises and Juniper Networks, which was reportedly the result of undue influence. In light of the significant concerns about the process and substance of the HPE/Juniper Networks settlement, the coalition is urging the court to apply its authority under the federal Tunney Act to order an evidentiary hearing in which the states can appear as parties. The Tunney Act is a post-Watergate law enacted by Congress in 1974 to ensure that antitrust settlements reached by the Justice Department are based on the merits rather than undue influence by powerful corporations and their well-connected lobbyists. “As the Justice Department itself alleges, this merger has the potential to drastically limit competition and substantially increase prices for
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