DOJ Takes Paramount’s Side Against States in Fight Over $1.9 Billion Bond

By Gene Maddaus

Gene Maddaus

Senior Media Writer

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The Department of Justice sided with Paramount on Tuesday, arguing that a coalition of 12 states should be forced to post a bond as the price of continuing to block the Warner Bros. merger.

Paramount has argued that it stands to lose at least $1.88 billion due to the delay resulting from the states’ antitrust lawsuit. The company has asked Judge Araceli Martinez-Olguin to require the states to post a bond in that amount, which would compensate the company in the event that it prevails at trial.

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