Paramount drops after Delaware judge refuses to speed up Warner Bros lawsuit

Shares of Paramount Skydance PSKY.O down 2.27% at $11.78 after a Delaware judge refused to speed up its lawsuit against Warner Bros Discovery WBD.O

PSKY is on track for three straight sessions of losses and lowest close since August last year

PSKY is demanding that WBD better explain its decision that Netflix's NFLX.O proposed $82.7 billion takeover was better than Paramount's own $108.7 billion hostile bid

The lawsuit was part of David Ellison-led Paramount's effort to ratchet up pressure on Warner Bros

Paramount's $30/share all-cash tender offer expires on January 21

Including session moves, PSKY down 12% YTD