Hearing Set For State AG Motion To Halt Paramount
Key Points:
- A federal court has scheduled a hearing for Friday to consider an emergency motion by a dozen state attorneys general seeking to temporarily halt Paramount's proposed merger with Warner Bros. Discovery.
- The states are requesting a temporary restraining order to pause the merger while their antitrust lawsuit is ongoing.
- U.S. District Judge P. Casey Pitts, appointed by President Joe Biden, was assigned the case and set the hearing for 10 a.m. PT, with a deadline of noon Thursday for Paramount to oppose the TRO.
- The states want a ruling by July 22, warning that the merger could close after that date, which coincides with the expected European Union decision on the deal, following U.S. Justice Department approval.