April Trial Date Sought in Suit Against Paramount, Warner Bros.
Paramount says a shorter schedule would limit uncertainty as WBD shareholders face a $7 million daily ticking fee if the merger stalls.
- Paramount Skydance asked a judge on Friday to schedule its antitrust trial for November, while a coalition of state AGs and the Writers Guild of America requested an April 5, 2027, start date.
- Financial pressure drives Paramount's urgency: the company must pay Warner Bros. shareholders $7 million daily starting September 30 if the $110 billion merger remains incomplete, totaling roughly $650 million per quarter.
- Paramount lawyers argued the November request is "more than sufficient" for discovery, while the Writers Guild and AGs claimed a shorter timeline would be "artificially compressed" and "unworkable, unfair and unjustified."
- California Gov. Gavin Newsom has privately warned stakeholders that blocking the merger could harm employment, prompting reports his office encouraged California Attorney General Rob Bonta to seek an out-of-court settlement.
- Paramount agreed last week to pause the merger until trial, conceding an injunction was imminent. The company now plans to delay closing until five days after trial concludes or June 1, 2027.
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Americans for Tax Reform
ussanews.comDemocratic AGs’ Lawsuit Against Paramount-Warner Bros. Deal Remains as Flawed as Ever
A coalition of Democratic state attorneys general continues its effort to block Paramount Skydance’s acquisition of Warner Bros. Discovery, even after the Justice Department cleared the transaction. A federal judge has temporarily paused the deal while the states pursue their antitrust claims. Now Paramount is requesting a speedy and public trial in November to settle the matter. The underlying case remains weak on both the facts and the law. Ca…
Careful what you bid for: The Ellisons' Paramount/WBD deal is slipping toward a costly legal and financial cliff
With free cash flow at just $96 million, the $110 billion Warner Bros. bid faces a ticking fee Paramount can barely afford as states want a 2027 trial.
Paramount Pushes For Antitrust Trial Soon
David Ellison’s Paramount Skydance wants a trial to start in early November for the antitrust lawsuit brought about by a dozen U.S. state attorneys general and the Writers Guild America. Those parties however want an April start to the proceedings reports Deadline. The proposals were outlined in a joint filing Friday with Judge Araceli Martinez-Olguin set to have the final decision. There’s reason Paramount wants to rush. As part of its takeover…
By means of a legal document, Paramount asked the authorities that the antitrust trial it will face, beginning in November 2026.However, the plaintiff states also pointed out in a legal document, that it is preferable that the trial against Paramount be held until April 2027.Paramount considers November 2026 to be a good date for the antitrust trialAccording to Variety, Paramount sent a legal document to federal judge Araceli Martínez-Olguín, wh…
Paramount, 12 state attorneys general and WGA disagree over antitrust trial dates
In a court filing Friday, Paramount asked the judge to schedule the antitrust trial for November of this year, but the attorneys general the WGA asked to have the trial take place in April of next year. The post Paramount, 12 state attorneys general and WGA disagree over antitrust trial dates appeared first on KYMA.
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