DOJ v. PRH: Judge tosses PRH exec testimony

BookBrowse News - The Full Story

DOJ v. PRH: Judge tosses PRH exec testimony

Aug 17 2022

In a ruling that was not totally unexpected, Judge Florence Pan chose to exclude the testimony from Manuel Sansigre, senior v-p and global head of mergers and acquisitions for Penguin Random House, ruling that his numbers were not independently verified as required by precedent. She was especially critical of the revenue projections, which she said could not be based on models from prior mergers or past experience. In addition, she said the model, which was developed in November 2020, but updated more than 100 times, was itself unreliable because of the numerous updates.

The dispute involves PRH’s claims that its acquisition of Simon & Schuster would create “cognizable merger-specific efficiencies.” But according to previous court filings, PRH’s expert witness, Edward Snyder, conceded in his testimony that he did not seek to independently verify the numbers he used in forming his opinion on such efficiencies...

More News Stories

Join BookBrowse

and discover exceptional books
for just $3.75 per month.

Find out more

Top Picks

  • Book Jacket
    Fire Season
    by Philip Connors
    Fire Season is an anatomy of solitude, a paean to a wild American landscape, a history of wildfires ...
  • Book Jacket: The Story of Russia
    The Story of Russia
    by Orlando Figes
    In The Story of Russia, British historian and writer Orlando Figes shares panoramic and ...
  • Book Jacket: Moth
    by Melody Razak
    On August 15, 1947, India gained independence from the United Kingdom, and on that same day the ...
  • Book Jacket: All the Lonely People
    All the Lonely People
    by Mike Gayle
    Mike Gayle's charming novel All the Lonely People introduces us to Hubert Bird, an 82-year-old ...

Book Club Discussion

Book Jacket
The Ways We Hide
by Kristina McMorris
From the bestselling author of Sold On A Monday, a sweeping tale of an illusionist recruited by British intelligence in World War II.

Members Recommend

  • Book Jacket

    Natural History
    by Andrea Barrett

    A masterful new collection of interconnected stories, from the renowned National Book Award–winning author.

Book Club Giveaway!
Win A Minor Chorus

A Minor Chorus

A debut novel from a rising literary star that brings the modern queer and Indigenous experience into sharp relief.



Solve this clue:

Y Can't G H A

and be entered to win..

Your guide toexceptional          books

BookBrowse seeks out and recommends the best in contemporary fiction and nonfiction—books that not only engage and entertain but also deepen our understanding of ourselves and the world around us.