Paramount fails to get its suit against Warner Bros. expedited: report

A Delaware judge refused to expedite Paramount Skydance Corp.’s (PSKY) lawsuit that accused directors of Warner Bros. Discovery Inc. (WBD) of misleading investors about a more than $82.7B buyout bid from Netflix Inc. (NFLX), Bloomberg reported on Thursday.

According to the report, Judge Morgan Zurn found that Paramount’s demands didn’t meet legal tests for fast-tracking a hearing into accusations that Warner Bros.’ board made erroneous disclosures about the deal.

Developing story…

Leave a Reply

Your email address will not be published. Required fields are marked *