Halper Sadeh LLC has initiated a probe into Warner Bros. Discovery’s agreement to be acquired by Paramount Skydance, assessing potential breaches of fiduciary duty and whether insiders stand to gain undue benefits relative to ordinary shareholders.

The investigation focuses on deal provisions that may restrict competing offers and impose conditions unfavorable to non-insider investors, raising questions about the fairness of the transaction structure.

The firm aims to pursue additional disclosures, increased consideration or other relief through contingency-fee litigation, allowing affected shareholders to explore claims without upfront legal costs.