Multiple outlets report that Paramount Skydance chief David Ellison and his father, tech entrepreneur Larry Ellison, are facing a new lawsuit from Paramount investors. The suit—described as the fourth related legal action—alleges that the Ellisons struck an “illegal” side deal with President Donald Trump to influence U.S. governmental approval processes for Paramount’s planned takeover of Warner Bros. Discovery. According to the reports, the derivative complaint is filed by a Paramount shareholder and targets company officers and directors, asserting breach of fiduciary duty in connection with the merger. One report says the case is filed in Delaware Chancery Court. The complaint also claims the alleged agreement includes promises to reshape media operations, specifically alleging an offer to overhaul CNN, as the Trump administration considers changes affecting media. The new filing comes amid other legal efforts connected to the merger, including actions involving state attorneys general and the Writers Guild of America that seek to block or challenge the deal. The lawsuits’ allegations are not established as fact, and the parties have not been described as admitting wrongdoing.
Paramount investors sue David and Larry Ellison over alleged Trump side deal tied to WB Discovery takeover
Multiple outlets report that Paramount Skydance chief David Ellison and his father, tech entrepreneur Larry Ellison, are facing a new lawsuit from Paramount investors. The suit—described as the fourth...
- David Ellison and Larry Ellison are named in a shareholder lawsuit connected to Paramount’s planned acquisition of Warner Bros. Discovery.
- The lawsuit alleges an “illegal” side deal with President Donald Trump to help secure U.S. approval for the takeover.
- The complaint seeks to block or derail the merger and alleges breach of fiduciary duty.
- One report says the lawsuit is filed in Delaware Chancery Court; one identifies the shareholder as Paul Robbins.
- The allegations include promises to overhaul CNN as part of the claimed agreement.
A Paramount Skydance shareholder has filed a derivative lawsuit against officers and directors of the company alleging breach of fiduciary duty in its pursuit of Warner Bros. Discovery, the latest in a string of legal actions seeking to derail the merger. Paramount shareholder Paul Robbins filed the suit against CEO David Ellison, his father Larry […]
1 hour agoIn his pursuit of acquiring Warner Bros., David Ellison, the head of Paramount, has been sued in the company's investors. The post Paramount’s David Ellison Sued for Alleged WB Merger Side Deal With Donald Trump appeared first on ComingSoon.net - Movie Trailers, TV & Streaming News, and More.
2 hours agoDavid and Larry Ellison have been accused of striking an "illegal" deal with Trump in a fourth lawsuit meant to stop the impending Paramount/WBD merger. The post Paramount Shareholders Accuse Ellisons of ‘Illegal’ Trump Deal in 4th Lawsuit first appeared on Mediaite.
2 hours agoParamount Skydance chief David Ellison and his tech billionaire dad Larry Ellison have been sued by a Paramount shareholder who alleged they cut an “illegal” deal with President Donald Trump to secure U.S. governmental approval for the takeover of Warner Bros. Discovery. The shareholder lawsuit, filed Tuesday in Delaware Chancery Court, seeks to block Paramount’s […]
2 hours agoThe lawsuit claims that the Ellisons illegally promised to overhaul CNN as the administration looks to reshape media. The complaint follows a coalition of state attorneys general and the Writers Guild of America filing lawsuits against the studio.
4 hours ago
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