NBA States Warner Bros. Lawsuit Claims Are 'Without Merit' In Emailed Statement
Portfolio Pulse from Benzinga Newsdesk
The NBA has stated that the claims made by Warner Bros. in a lawsuit are 'without merit,' according to an emailed statement reported by Bloomberg.
July 26, 2024 | 5:59 pm
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Warner Bros. Discovery (WBD) is involved in a legal dispute with the NBA, which has dismissed the claims as 'without merit.' This could lead to short-term uncertainty for WBD's stock.
The NBA's dismissal of Warner Bros.' claims as 'without merit' introduces legal uncertainty for WBD. Investors may react negatively due to potential legal costs and reputational impact.
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IMPORTANCE 70
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