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 on Thursday declined to issue an order to temporarily halt the merger between Paramount Global and Skydance Media. But in the ruling, Chancellor Kathaleen McCormick agreed to set a “break-neck pace” for an investor suit that seeks to block the deal in favor of a competing bid from Project Rise Partners.

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.