Paramount Pictures and a coalition of 12 state attorneys general defended their antitrust settlement on Monday against a wave of criticism from New Jersey Senator Cory Booker.
Booker had raised a series of objections last week, questioning the fairness and scope of the deal that addresses alleged anticompetitive practices in the film distribution market.
In separate filings, Paramount argued that the settlement was vigorously negotiated and has “teeth,” implying it is robust and enforceable.
The attorneys general coalition echoed this stance, contending that the agreement should not be subjected to an independent “public interest” review.
Both sides maintain that the settlement was carefully negotiated to address antitrust concerns without requiring further scrutiny.
<small>Source: Variety — read the original story there.</small>
