Sirius-Pandora Buyout Case Headed for Trial in Overworked Court

Sirius XM Holdings Inc. must face a class action trial in May challenging its $3.5 billion acquisition of Pandora Media Inc., a Delaware judge said Thursday.

Chancellor Kathaleen St. J. McCormick denied requests by the satellite radio giant and former Pandora board members for permission to file summary judgment motions that could potentially have ended the case without a full trial.

McCormick, chief judge of Delaware’s Chancery Court, said in a three-page ruling that the summary judgment process hardly seemed worth the “significant investment of judicial resources” it would require, given the looming trial and the “factually rife issues” at ...