Justice Department sides with Paramount on demand that states post $1.88 billion bond

The government is urging a federal judge to force a dozen states led by California to bear the costs of the holdup caused by their lawsuits challenging the $111 billion megamerger of Paramount and Warner Bros. Discovery.

In a statement of interest filed on Tuesday, the Justice Department argues that the states must post a “proper bond” taking into consideration potential damages.

“The bond requirement forces parties to have skin in the game,” the motion states.

Click here to read more.