Paramount Ordered to Reveal Skydance Deal Files to Investor (1)

A judge ordered Paramount Global to hand over some internal files to a pension fund that’s raising questions about the acquisition by Skydance Media, which shifts control of the storied Hollywood studio to producer David Ellison.

The Employees’ Retirement System of Rhode Island, which owns Paramount shares, showed there is a “credible basis to infer potential corporate wrongdoing” tied to the deal, which includes the sale of media mogul Shari Redstone’s controlling stake in the studio, Delaware Chancery Court Judge Travis Laster ruled Wednesday.

Laster’s decision overturns an August ruling by a magistrate judge who rejected ...