July 30, 2008
In an article titled "Uncertain Future for Whole Foods After Decision," Law360 quoted partner Richard E. Donovan regarding the U.S. Court of Appeals ruling that the lower district court reconsider evidence in the $565 million dollar Whole Foods and Wild Oats merger.
The decision was made even though the merger was closed several months ago. "'I would think Whole Foods would seriously consider asking for a rehearing because there was a dissent,' said Richard E. Donovan, co-chairman of the antitrust practice at Kelley Drye & Warren in New York." He continued,
"'It also involves a somewhat important public policy issue of how the FTC should handle merger cases.'"