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Stock impact report

NBA Says TBS No ‘Match' for Amazon as Legal Row Heats Up [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
The NBA on Wednesday filed a brief urging New York Judge Joel M. Cohen to dismiss TBS and Warner Bros. Discovery's breach of contract lawsuit. The brief responds to a recent filing by the plaintiffs in which they attempt to convince Cohen to deny the NBA's motion to dismiss. More from Sportico.com NBA, WNBA Sign Castrol as New League-Wide Sponsor Brooklyn Nets Jersey Patch Sponsor Targets Tourists Worldwide Celtics' Jaylen Brown Launches Shoe Brand After Nike Spat The lawsuit revolves around a fundamental question: Did the NBA lawfully determine that TBS failed to match Amazon's offer to broadcast games from 2025-26 through 2035-36? The NBA and TBS have offered competing interpretations of contract law, specifically what counts as a “match” and what is better understood as a “counteroffer.” Through Richard C. Pepperman II and other attorneys from Sullivan & Cromwell as well as NBA executives Richard W. Buchanan and Daniel J. Spillane, the NBA argues that under the “unam Show less Read more
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