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The US Justice Department attacked Monday a court ruling that allowed June's $85 billion mega-merger between AT&T and Time Warner to go forward, saying a federal judge had relied on faulty economics. The June decision by US District Judge Richard Leon had dealt a stinging defeat to the Justice Department and handed a total victory to the companies. "The court agreed that Time Warner enjoyed bargaining leverage before the merger but it illogically and erroneously concluded that Time Warner will have no increased leverage post-merger because blackouts are 'infeasible' so Time Warner cannot credibly threaten them," the brief said.
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