A federal judge has denied a group of consumers a preliminary injunction to at least temporarily block Paramount‘s proposed merger with Warner Bros. Discovery.
The judge, Araceli Martínez-Olguín, said that she is taking Paramount’s motion to dismiss the lawsuit under advisement.
The lawsuit was filed in April, one of the early legal challenges to the merger.
This week, attorneys general from California and 11 other states filed their own antitrust lawsuit, and Martínez-Olguín will take up their motion for a temporary restraining order at hearing on Friday.
In her remarks, the judge said that the consumers had failed to meet the threshold to order an immediate halt to the $110 merger.
“A preliminary injunction is an extraordinary remedy that may only be awarded upon a clear showing the plaintiff is entitled to such relief,” the judge said at the hearing. “Here, plaintiffs fail to meet that standard. Plaintiffs have not offered any evidence and this have not made a clear showing of a likelihood of success, nor to they make a clear showing of irreparable harm.”
More to come.
English (US) ·