The US Department of Justice (DOJ) announced today that it is retaining a New York-based financial advisory company to assist in the task of analyzing remedies in the on-going antitrust trial against Microsoft.
The DOJ has chosen Greenhill & Co LLC to help the department's antitrust division investigate the financial aspects of the Microsoft lawsuit. The announcement was made in a terse, three-line statement issued today.
Earlier this week, lawyers for Microsoft, the DOJ and the US states met in Chicago with Richard Posner, a judge appointed to act as intermediary in settlement talks between the parties. November 5 was a red-letter day for the government's case. That's when Judge Thomas Penfield Jackson, who is overseeing the case, issued a preliminary ruling that leaned heavily in favour of the government's arguments. Jackson determined, in his findings of fact, that Microsoft is a monopoly that has used its dominant position to pressurize its competitors and limit consumer choice.
Legal and IT industry experts have already suggested a wide range of potential remedies in the case if Microsoft is found guilty. They include imposing fines, injunctions on its business practices, or breaking the software giant up into so-called "Baby Bills", named after the company's co-founder, Chairman and CEO Bill Gates.
Greenhill & Co specializes in providing advice on corporate mergers and acquisitions, as well as real estate investment banking. The company has recently advised Compaq on a number of occasions on both its divestitures and acquisitions, according to information on Greenhill & Co's Web site.
For more stories about the trial visit our Microsoft Antitrust resource page, it’s under construction, but you’ll find links to all our recent coverage.