Paramount Shareholder Sues Ellisons Over Allegedly Illegal Trump Deal

A press freedom group has filed a lawsuit in Delaware on behalf of Paramount shareholder Paul Robbins, seeking to block Paramount's multi-billion dollar acquisition of Warner Bros. Discovery, which owns CNN. The suit alleges that Paramount insiders, including the Ellison family, are attempting to profit through breaches of their fiduciary duties to the company, with the deal being characterized as 'illegal' due to its connection to former President Donald Trump. The lawsuit aims to prevent insiders from benefiting at the expense of shareholders, highlighting concerns over corporate governance and media consolidation.

First published Jul 27, 07:46 AM UTC1 reports · 1 sources

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Paramount Shareholder Sues Ellisons Over Allegedly Illegal Trump Deal

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Paramount Shareholder Sues Ellisons Over Allegedly Illegal Trump DealJust In NewsWesternJul 16, 01:55 PM UTC

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