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House Antitrust Task Force To Hold Hearing on Sirius/XM Merger

Client Alert | 1 min read | 02.19.07

Following the announcement by Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.'s announcement on Monday, February 19, 2007 of its plans for a $13 billion "merger of equals," the U.S. House of Representatives' Judiciary Committee announced on February 21 that its newly formed Antitrust Task Force will hold a hearing next week on Wednesday, February 28, 2007 at 3:00 p.m. to investigate the potential anticompetitive effects of the proposed merger. Sirius and XM are currently the only two companies licensed to offer satellite radio to U.S. consumers, thereby raising antitrust concerns. The two satellite radio companies, however, have argued that satellite radio faces tremendous competition from all other types of music delivery services, including mp3 players, iPods, and, of course, terrestrial radio.

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Client Alert | 3 min read | 09.15.25

Senate Finance Committee Looking to Take White River to the Train Station, Confirms DOJ Investigation into Tribal Tax Credits

On August 19, 2025, the U.S. Senate Committee on Finance (“Senate Finance Committee”) sent Paul Atkins, Chairman, U.S. Securities and Exchange Commission (“SEC”) a letter calling on the SEC to investigate White River Energy Corp (“White River”). In the letter, the Senate Finance Committee confirmed a criminal investigation into White River related to the sale of so-called “tribal tax credits” that according to both Congress and the IRS, do not exist. The letter further states that White River allegedly earned millions of dollars selling these credits and has not been forthcoming with investors regarding the existence of the criminal investigation. According to the Senate Finance Committee, White River has failed to file financial disclosure documents with the SEC since March 15, 2024, missing six consecutive reporting periods. The letter instructs White River to disclose the existence of the DOJ criminal tax investigation, and calls on the SEC to take action if White River fails to do so....

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