Don’t worry, says Judge Marrero. Victor Marrero District Judge Hon. T-Mobile did not invent the iPhone or Pixel cameras. With the core satellite-TV business in decline, Charlie Ergen, the Dish co-founder and chairman, has amassed a trove of airwaves to build a state-of-the-art wireless network.Shares of Sprint soared 74% to $8.33 at 9:56 a.m. in New York from Monday’s closing price of $4.80. And these are deep cuts — I mean, here’s a jab at picking WiMAX over LTE. The judge has decided that T-Mobile is going to stay aggressive and keep prices low to take market share, even though its own executives have discussed the merger in terms of raising prices. Even his compliments are qualified by the fact that Sprint sucks.And what of the idea that T-Mobile will raise prices once it doesn’t have a lower-cost national competitor in Sprint?
Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Vance's spokesman, Danny Frost, declined to comment on Marrero's order.The judge, Victor Marrero, also told the parties to lay out "potential areas for further argument" over a grand jury subpoena for the documents if they are unable to put the matter to rest.Marrero said the "joint submission should outline potential areas for further argument."Trump had fought a grand jury subpoena for the records, which was issued at District Attorney Cyrus Vance Jr.'s request. This whole thing is entirely too long already, and I had to cut some of the random Sprint dunks that pepper this opinion because there were too many to fit. Judge Victor Marrero thinks John Legere is just the coolest. Legere had testified that Sprint would be “sold for parts” if the merger didn’t go through.In his decision, Marrero rejected key arguments from the states: that the merged company would raise prices for lower quality service and that Sprint could remain as a viable competitor without the merger.The two companies said Tuesday they expect to close as soon as April 1 after U.S. District Court Judge Victor Marrero in Manhattan said the states failed to persuade him that a merger of the No. Federal judge Victor Marrero rejected the president’s broad defense that the Constitution effectively prohibits criminal inquiries into sitting presidents.
Here's what you need to know about the judge. He was nominated by President Bill Clinton in 1999, and replaced the vacant seat for Sonia Sotomayor, who is now serving on the Supreme Court.One of Marrero’s many endeavors prior to becoming a judge included the co-founding of the Puerto Rican Legal Defense and Education Fund in 1972. Okay. 3 and 4 carriers would harm consumers.The states argued without success that the merger would lead to billions of dollars in extra costs for consumers, with wireless customers in urban areas being hit particularly hard. In Marrero’s 75-page ruling striking down Trump’s argument claiming that sitting presidents are immune to investigations, the judge called the legal argument “repugnant,” among other things.Marrero is married to Veronica White, who also works in the legal field. DECISION AND ORDER CYRUS R VANCE , JR . Look, this is a very serious multibillion-dollar telecom merger, so before we get into it, we’re going to need to talk about how important it is for the judge to skip the hard part and just go with his gut instincts to, uh, peer into a crystal ball.Guess not. The Supreme Court ordered lower courts to more carefully consider concerns about the separation of powers in deciding whether several House committees can get the requested documents.But the president may have difficulty in getting lower courts to restrict the scope of the subpoena, given the adverse court rulings on the issue that he has seen to date.The decision left the door open for Trump to continue to fight the subpoena in lower courts by challenging it as being unduly burdensome or extensive.But the Supreme Court on Thursday said that Trump has no such immunity from grand jury subpoenas, paving the way for the accounting Mazars USA to ultimately turn over the documents.Sekulow on Thursday had said after the Supreme Court ruling, "We will now proceed to raise additional Constitutional and legal issues in the lower courts."Get this delivered to your inbox, and more info about our products and services."And he can argue that compliance with a particular subpoena would impede his constitutional duties."Trump also "can challenge the subpoena as an attempt to influence the performance of his official duties, in violation of the Supremacy Clause" of the Constitution, the Supreme Court ruling noted.Trump's lawyer, Jay Sekulow, said in an email, "We will respond as appropriate" to Marrero's order.Sign up for free newsletters and get more CNBC delivered to your inbox
And what’s more troublesome is that the judge simply discounted all of the evidence and arguments that Dish isn’t going to go to all the trouble of building a network.I know that’s a lot, but in the end, the judge made up a list of things a cool CEO would do and decided John Legere would do those things. But Judge Marrero looked into Dish chairman Charlie Ergen’s ~vibes~ and decided to roll the dice on the ol’ maverick.Got it. The companies had bet on a favorable reception from the Trump administration, which signed on to the deal last year. “We are finally able to focus on the last steps to get this merger done!”Marrero’s ruling is a major setback for New York Attorney General Letitia James and her California counterpart, Xavier Becerra, who led the litigation for states representing more than 40% of the U.S. population. WiMAX!This is a complicated plan, and one of the arguments in the case was that Dish wouldn’t actually go through with it. T-Mobile has suggested there could be new terms, including on the price. Seriously! And this is all because the judge watched Legere and the other T-Mobile execs and decided he loved them. The defense also presented evidence that Sprint couldn’t survive without the deal.