Paramount Skydance said Monday that it filed a lawsuit against Warner Brothers Discovery (WBD) as it presses an unwelcomed bid to buy the CNN-parent company.
Paramount's suit seeks to compel the WBD board to provide certain information to shareholders that it argues will cast its offer in a more favorable light.
WBD formally rejected an offer from Paramount Skydance for the entire company.
"If WBD calls a special meeting ahead of its annual meeting to vote on the Netflix Agreement, Paramount will solicit proxies against such approval."
Paramount Skydance will try to get several representatives elected to the WBD board at the annual meeting as shareholders to strengthen its position.
The suit was filed in the Delaware Court of Chancery, which specializes in business and financial matters.
Paramount Skydance accuses the WBD board of failing to present shareholders with details needed to properly compare its offer to the Netflix bid.