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California Accuses Paramount of "Lack of Good Faith," Halts Settlement Talks

California's Attorney General canceled a planned meeting on Monday, alleging that Paramount disclosed details of prior conversations. This move led to a 2% decline in Paramount Skydance stock,…

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California's Attorney General canceled a planned meeting on Monday, alleging that Paramount disclosed details of prior conversations. This move led to a 2% decline in Paramount Skydance stock, while Warner Bros. Discovery rose 1%. California accused Paramount of "lacking good faith," thereby suspending settlement negotiations.

Original: https://www.investors.com/news/paramount-skydance-warner-bros-discovery-merger-wbd-california-lawsuit/

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