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.

A judge on Thursday declined to issue a restraining order to block the Paramount-Skydance merger, but agreed to accelerate an investor lawsuit.

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

A Delaware judge declined to order an immediate halt to Skydance’s proposed acquisition of Paramount Global, but has set an expedited schedule for considering a shareholder lawsuit to force the consideration of a rival bid.

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 judge in Delaware Chancery Court denied a request on Thursday by Paramount Global shareholders to issue a temporary restraining order against the company's potential merger with Skydance Media but has agreed to expedite the shareholders' lawsuit so it is completed before FCC review of the merger is completed.

A U.S. judge in Delaware is willing to consider allegations brought against Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) in a lawsuit that says the media conglomerate's $8B sale to David Ellison's Skydance Media should be blocked from closing because it short-changes public shareholders,