Paramount Skydance Corporation Class B Common StockParamount Skydance is seeking court enforcement of a bond against AG/WGA lawsuits that are the last barrier to its WBD merger, with delay costs up to $1.88B.
Paramount Skydance Corporation has filed reply briefs urging a district court to enforce a bond requirement against state attorneys general and the Writers Guild of America, whose lawsuits are the only remaining barrier to its merger with Warner Bros. Discovery. The company says it has satisfied all closing conditions and received regulatory clearances from 69 jurisdictions, and it warns that the delay is causing substantial ticking and financing costs that could reach $1.88 billion. Paramount agreed to delay closing to facilitate a prompt trial but did not waive its right to bond protection under the Clayton Act and Rule 65. The company argues the lawsuits are meritless and that plaintiffs must accept financial responsibility if their challenge fails, as the WGA itself previously argued that a bond is mandatory in such cases.
Paramount Skydance Corporation Class B Common StockParamount Skydance is seeking court enforcement of a bond against AG/WGA lawsuits that are the last barrier to its WBD merger, with delay costs up to $1.88B.
Warner Bros Discovery IncWarner Bros. Discovery is the merger counterparty whose closing is being delayed by the outstanding lawsuits Paramount is litigating.
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