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Month: December, 2023
Bryan Sullivan Speaks to AdAge on the Rumored Merger of Warner Brothers Discovery and Paramount
Category: News, Press | Friday, December 22nd, 2023 | Comments Off on Bryan Sullivan Speaks to AdAge on the Rumored Merger of Warner Brothers Discovery and Paramount
Bryan Sullivan spoke to AdAge on the recent rumors of a merger between Warner Brothers Discovery and Paramount and what regulatory hurdles the deal may face. The merger rumors mark a new turn in what has been a regular story of whether Paramount will be acquired by another company. This potential merger has also raised questions about any potential regulatory blockades. Bryan told AdAge that the “overall likelihood of regulatory interferences in this potential merger is low.”
“Federal regulators have shown a consistent pattern in recent years of not challenging mergers and acquisitions with the same interest they once did,” Bryan said. “Neither of these two companies is the largest in the sector and this potential merger wouldn’t make them …The presence of studios likely won’t present an issue like broadcast would as the two companies are not the largest studio players in town and broadcast has fewer players involved than studio productions. If both had broadcast operations, a merger would eliminate one player from the landscape.”
The Pros and Cons of a Paramount-Warner Bros. Discover Merger, According to Media Buyers – AdAge
Early Sullivan Obtains Defense Verdict On $10 Million Bad Faith Claim
Category: News, Results | Wednesday, December 13th, 2023 | Comments Off on Early Sullivan Obtains Defense Verdict On $10 Million Bad Faith Claim
An Early Sullivan Wright Gizer & McRae trial team, comprised of Scott Gizer and Rebecca Claudat obtained a defense verdict on behalf of their client First American Title Insurance Company following a two-week jury trial in Everett, Washington. Early Sullivan was brought in to serve as lead trial counsel by First American just two months prior to trial The insured Saratoga 18, LLC, owned and controlled by private equity firm, the Resmark Companies, had asserted claims against First American for breach of their title insurance policy, violation of the Washington Consumer Protection Act, and Washington’s Insurance Fair Conduct Act. The insured had submitted two claims to First American regarding a piece of vacant property it had acquired in Mulkiteo, Washington for condo development. The Insured came to learn that the property was not properly subdivided and there was an issue as to whether the selling entity had the right to sell. First American accepted the subdivision claim and elected to cure that issue, and denied the second claim as premature as no third party had challenged the conveyance. The insured ultimately sued First American alleging that First American had failed to diligently proceed with curative efforts for the subdivision and improperly denied the other claim. The insured claimed it was entitled to $3 million for the value of the property plus $6 million in treble damages, and over a $1 million in attorney’s fees and costs. First American contended that the insured had failed to cooperative with the curative efforts and that the denial of the other claim was not a true denial, but was First American’s invocation of an industry practice referred to as “watchful waiting”, whereby First American agrees to reconsider the claim if it ever becomes an actual adverse issue. The jury agreed with First American that the claim was handled properly in all respects and denied all relief requested by the insured.