The judge overseeing the case previously extended a temporary restraining order that prevented Paramount from moving forward with the acquisition. The parties are expected to submit a proposed trial schedule by July 31. Paramount has rejected the antitrust claims and characterized the delay as a faster route to a final decision. Stock PriceThe delay could carry a substantial financial cost for Paramount, which agreed to pay WBD shareholders a quarterly delay fee if the deal did not close by the end of September. Under the terms of the agreement, WBD shareholders are entitled to an additional 25 cents per share for every three-month period that the deal is delayed, which amounts to nearly $650 million.