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Developments in Merger Litigation: The Government Doesn't Always Win

"The sole consistency that I can find is that under Section 7, the Government always wins."1 When this famous antitrust apothegm was pronounced in 1966 by Justice Stewart, dissenting in United States v. Von' s Grocery, it had the ring of truth.2 It is less true today: of the (admittedly few) reported Justice Department merger cases decided since William Baxter assumed responsibility as Assistant Attorney General, the Government has lost all but one.3 The Federal Trade Commission's court