Judge Declines To Fast Track Paramount Suit Amid Warner Merger Fight; David Ellison Company Will Extend Tender Offer Deadline, Attorney Says

A Delaware Chancery Court judge ruled today that Paramount has not identified any “irreparable harm” to itself as a Warner Bros. Discovery shareholder that would justify expedited disclosure as it pursues a hostile tender offer for the media giant. “Paramount as a stockholder must suffer cognizable, irreparable harm. It has not identified any,” said Chancellor […]