CHICAGO and SAN DIEGO – The U.S. Federal District Court in the District of Columbia has granted the Federal Trade Commission’s (FTC) request for a preliminary injunction, enjoining CCC Information Services and Mitchell International from closing their previously announced merger, pending resolution of the FTC’s administrative trial currently set to begin on March 31.

The FTC in November 2008 filed suit  to block the merger of CCC Information Services Inc. and Mitchell International Inc., saying that it would thwart competition in the market for electronic estimating systems and total loss valuation solutions. The FTC’s Acting Bureau of Competition Director David P. Wales said the merger would "no doubt" reduce competition that benefits auto insurance companies and collision repair facilities.

“We are disappointed with the Court’s decision to grant the preliminary injunction," said Githesh Ramamurthy, chairman and CEO of CCC Information Services Inc. "Both CCC and Mitchell maintain our belief that the merger will deliver significant benefits to customers while maintaining an already competitive automotive claims marketplace. As agreed to with Mitchell, both companies intend to review the Court’s decision in depth and together assess the appropriate next steps.”
 
Alex Sun, president and CEO of Mitchell International Inc. added, “There are a number of factors that both companies need to consider, including the interests of our customers, as we contemplate next steps. These deliberations are an obvious high priority for both organizations. We appreciate the patience and support of our many valued customers and employees and will be communicating our intentions as quickly as possible.”