How Strong Is the Democratic State AGs’ Lawsuit Aiming to Block Paramount’s Warner Bros. Takeover?
A group of 12 Democratic state attorneys general is suing to block Paramount Skydance‘s merger with Warner Bros. So do the state AGs have a case — and...
Key points
- A group of 12 Democratic state attorneys general is suing to block Paramount Skydance‘s merger with Warner Bros.
- So do the state AGs have a case — and could it result in Paramount having to make certain guarantees or concessions to get the Warner Bros.
- On its face, the state AGs’ case is a strong one, said Sam Weinstein, professor at the Cardozo School of Law and former DOJ antitrust attorney.
- Eric Talley, a professor at Columbia Law School, said on “Daily Variety” podcast that the case is “facially pretty plausible, and it fits very comfortably into a lot of similar sorts of complaints that have been filed both in media industries and others.” Listen to the full “Daily Variety” podcast episode here “So this is a roadblock that I think Paramount Skydance and David Ellison and Warner Bros.
What happened
A group of 12 Democratic state attorneys general is suing to block Paramount Skydance‘s merger with Warner Bros. So do the state AGs have a case — and could it result in Paramount having to make certain guarantees or concessions to get the Warner Bros. On its face, the state AGs’ case is a strong one, said Sam Weinstein, professor at the Cardozo School of Law and former DOJ antitrust attorney. Eric Talley, a professor at Columbia Law School, said on “Daily Variety” podcast that the case is “facially pretty plausible, and it fits very comfortably into a lot of similar sorts of complaints that have been filed both in media industries and others.” Listen to the full “Daily Variety” podcast episode here “So this is a roadblock that I think Paramount Skydance and David Ellison and Warner Bros. Talley said his guess is that the AGs will be successful in getting a court, at least temporarily, to stop the Paramount-WBD transaction from closing “until there’s a little bit more work that’s done in the discovery part of this case.” He added that should settlement negotiations ensue, those could take any number of forms with possibly some concessions from Paramount. The state AGs’ case...