# 12-state coalition

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/12-state-coalition
Canonical HTML page: https://getyourbrief.com/entity/12-state-coalition

## Timeline

- **2026-08-03**: TRO expiration / preliminary injunction hearing (projected) — The TRO is set to expire; a hearing on the states’ request for a preliminary injunction is expected around this date, which could extend the block indefinitely.
- **2026-07-20**: Temporary restraining order granted — U.S. District Judge Araceli Martínez-Olguín grants a 14-day TRO, blocking the merger’s completion pending further court proceedings.
- **2026-07-13**: Multistate antitrust lawsuit filed — Twelve states, led by New York AG Letitia James, file suit in the Northern District of California alleging the Paramount-WBD merger would substantially lessen competition under the Clayton Act.

## Recent coverage (2 stories, network-wide)

### 12 States Secure TRO Halting $110B Paramount-WBD Merger Amid Antitrust Fight
2026-07-25 05:02:45 · Sector: legal · Sentiment: Negative · Impact: 8/10 · Sources: 2

A federal judge granted a 14-day TRO against the Paramount-WBD merger after a 12-state antitrust suit. The ruling sets up a high-stakes preliminary injunction hearing that will test market definitions and Clayton Act application in media consolidation.
Full story: https://getlegalbrief.com/story/paramount-wbd-merger-tro-legal

### $110B Paramount-WBD Merger on Ice: 14-Day TRO Sinks Deal Certainty
2026-07-25 05:02:37 · Sector: finance · Sentiment: Negative · Impact: 8/10 · Sources: 2

The TRO against the $110B Paramount-WBD merger injects massive uncertainty into the media deal, with risk arbitrage spreads widening and stock prices set to swing. Investors now face a looming court battle that could unravel the transaction entirely.
Full story: https://getfinancebrief.com/story/paramount-wbd-merger-tro-finance

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