Silver Lake Buyout Judge Rejects Request for Document Mediator

Carl Icahn, a Swedish bank, and hedge funds targeting Endeavor Group Holdings Inc.'s $25 billion buyout lost their collective bid for a mediator to resolve document disputes with Silver Lake LLC that they had called unnecessarily heated.

A Delaware Chancery Court judge denied the request March 6, telling the various sides to work together when possible and bring any “genuine impasse” directly to her. She cited the benefits to a judge of active management, particularly when it comes to litigation as wide-ranging as a $25 billion deal challenge.

“In a complex case, discovery rulings frame the issues for decision, define ...