Paramount Loses Bid to Get Warner Bros. Suit on Fast Track

A judge refused to fast track Paramount Skydance Corp.’s lawsuit accusing directors of Warner Bros. Discovery Inc. of misleading investors about a more than $82.7 billion buyout bid from Netflix Inc.

Delaware Chancery Court Judge Morgan Zurn on Thursday found Paramount’s demands didn’t meet legal tests for expediting a hearing into accusations Warner Bros.’ board made erroneous disclosures about the deal.