Paramount shareholder sues Ellisons, alleging ‘illegal’ Trump deal

AI Summary

Paramount shareholder Paul Robbins has filed a lawsuit against Ellisons alleging an illegal deal involving former President Donald Trump. The suit seeks to stop Paramount's acquisition of Warner Bros. Discovery, highlighting concerns over breaches of fiduciary duties within the media conglomerate.

A press freedom group has filed a lawsuit seeking to stop Paramount’s multi-billion deal to acquire Warner Bros. Discovery, the media conglomerate that owns cable news channel CNN. The suit, filed in Delaware on behalf of Paramount shareholder Paul Robbins, would stop “Paramount insiders from profiting through breaches of their fiduciary duties to the company…