by Maria Gonzalez, at Dec. 18, 2011, 10:01 p.m.
Title: AT&T and the Department of Justice agree on tentative terms for settlement of anti-trust
Assistant Attorney General William Baxter and AT&T Chairman and CEO Charles L. Brown shake hands after announcing the agreement to break up the Bell System in settlement of an anti-trust suit
Description: In 1982, AT&T and the Department of Justice agree on tentative terms for settlement of anti-trust suit filed against the company in 1974. AT&T agrees to divest itself of its local telephone operations. In return, the Department of Justice agrees to lift the restrictions on AT&T activities contained in the 1956 Consent Decree. The agreement, once accepted by the court, becomes known as the Modification of Final Judgement.
Related Building: AT&T Headquarters