Paramount Wins Round in Court Fight Over Skydance Deal Files

Paramount Global succeeded Monday in escalating its fight against a pension fund’s bid for documents concerning its planned $8 billion sale to Skydance Media LLC.

The entertainment conglomerate persuaded a Delaware judge to sign off on a swift appeal of the records access lawsuit brought by Rhode Island’s retirement system, which won a ruling in January directing the company to turn over deal-related files. The transaction would hand Paramount’s reins from media mogul Shari Redstone to producer David Ellison and backers led by his father, Oracle Corp. founder Larry Ellison.

The judge, Vice Chancellor J. Travis Laster, ...