Judge in Paramount-State AGs Case Still Has Questions, Schedules Hearing on Settlement Terms

By Todd Spangler

Todd Spangler

NY Digital Editor

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Paramount’s deal with the 12 state attorneys general to settle their antitrust lawsuit over the Warner Bros. Discovery merger is not official just yet: The judge in the case has some “outstanding questions” about the settlement, which requires her approval before it takes effect.

In an order issued Tuesday, U.S. District Judge Araceli Martinez-Olguin granted the parties’ motion to vacate the hearing about Paramount’s previous motion to require the states (and the WGA) to post $1.88 billion bond to cover the company’s financial losses in the event it prevailed in court. That had been scheduled for Sept. 24. (The proposed settlements Paramount entered into with the states and the WGA makes that moot.)

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