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Settlement Conference

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business1 day ago•17 min saved

Judge Sets Two-Day Settlement Talks for Paramount-WBD Antitrust Battle

A California judge ordered a two-day settlement conference in San Francisco for the Paramount-WBD antitrust case (Oct. 14–15), with settlement statements due by Oct. 7 and attendees list due by Oct. 12. A ticking fee of about $7 million per day could begin Oct. 1 if the merger hasn’t closed, and a Sept. 24 hearing will consider Paramount’s bid for a $1.88 billion bond; California AG Rob Bonta has pressed for structural remedies, and the WGA will participate in the talks as the case heads toward a March trial.

via Deadline|

#antitrust #business #paramount-wbd

business5 days ago•16 min saved

Court Sets October Settlement Talks in Paramount-Warner Antitrust Case

A two‑day settlement conference will be held in late October in the Paramount–Warner Bros. antitrust case, overseen by Magistrate Judge Thomas Hixson, as the parties explore a deal before the March trial in Oakland. Paramount has pressed California Attorney General Rob Bonta for terms including structural remedies, while Bonta has indicated openness only if robust remedies are included. The dispute centers on the $111 billion merger and a ticking fee starting Oct. 1, with Paramount seeking a $1.88 billion bond to cover potential delay costs and a Sept. 24 hearing on that bond; the conference may lead to a settlement, but a deal isn’t guaranteed.

via Variety|

#antitrust-lawsuit #business #paramount-warner-bros-merger