discovery deal

California Atty. Gen. Rob Bonta abruptly pulled out of a planned mediation session Monday to seek a resolution to the antitrust lawsuit that has stalled Paramount’s blockbuster $111 billion merger with Warner Bros. Discovery.

Bonta, in a statement, cited Paramount’s alleged leaking and misrepresenting information the two sides discussed during a preliminary session Friday.

Representatives of Bonta and Paramount Skydance came together late last week to set ground rules for Monday’s meeting, which was to involve Paramount Skydance Chief Executive David Ellison.

One of the rules had been confidentiality of the mediation process.

“I have pulled down this meeting,” Bonta said in a statement. “As I have said before, generally for all cases, I prefer to resolve disputes in the boardroom, not the courtroom. As I’ve also said, if the opposing party in litigation wants to meet in good faith to make a sincere effort to resolve the case.”

Bonta went on to say “Not only did Paramount leak the alleged substance of the settlement discussions, but they misrepresented these discussions, demonstrating a lack of good faith.

“As soon as Paramount stops playing games and engages sincerely, my office is happy to meet again.”

This is a developing story.