By Mike Scarcella
Source: Reuters
Washington state has agreed to pay U.S. law firm Munger, Tolles & Olson up to $2.5 million for legal work on its lawsuit seeking to block Kroger’s $25 billion purchase of rival grocer Albertsons, contract records show.
The documents, obtained by Reuters through a records request, show two partners at the firm are charging the state more than $1,100 an hour.
Washington state sued Kroger in January, claiming its merger with Albertsons would drive up prices. The U.S. Federal Trade Commission and state of Colorado are also challenging the proposed transaction in other lawsuits.
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