DOJ Backs Paramount in $1.9 Billion Bond Battle Against States
The Department of Justice has sided with Paramount in a legal dispute, supporting the company's demand for 12 states to post a $1.88 billion bond. This bond is intended to cover potential losses due to the states' antitrust lawsuit blocking the Paramount-Warner Bros. merger. A hearing on the bond request is scheduled for September 24.Precious Eseaye • Movies • 6 hours ago • 1 minute read •
The Department of Justice (DOJ) has formally supported Paramount's request for a federal judge to compel a coalition of 12 states to post a substantial bond. This bond, amounting to at least $1.88 billion, would serve to compensate Paramount for potential losses incurred due to delays caused by the states' antitrust lawsuit, should the company ultimately prevail at trial. The DOJ's stance was articulated in a
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