A judge in Delaware Chancery Court calls for the case to be completed before FCC review of the merger finishes in early April The post Judge Denies Request to Block Paramount-Skydance Merger, But Expedites Shareholder Lawsuit appeared first on TheWrap.

A Delaware Chancery Court judge has agreed to expedite a suit by a group New York City pension funds that are shareholders of Paramount Global against would be merger partners Par and Skydance, but denied their request for a temporary restraining order while the case plays out.

The biggest question for Judge McCormick, according to University of Pennsylvania Business Law School Professor Jill Fisch, is whether the largely unknown Prospect Rise Partners is a legitimate

Paramount Global’s $8 billion sale to Skydance Media LLC will move forward for now even as a judge weighs forcing the Paramount board to consider a last-minute $13.5 billion offer.

A Delaware judge is willing to consider allegations in a class action lawsuit that Paramount Global's $8 billion sale to Skydance Media should be blocked from closing because it short-changes public shareholders,

A Delaware judge ruled that Paramount Global’s $8 billion merger with Skydance Media can move forward — but still left the door open for a last-minute, rival bid that insiders say could derail the deal.