Paramounts

Senators Warn Paramount’s Shari Redstone: Potential Anti-Bribery Violations Loom Over Trump Lawsuit Settlement

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Senators from the Democratic Party, including Bernie Sanders, Elizabeth Warren, and Ron Wyden, have raised concerns regarding Shari Redstone, chair of ViacomCBS, suggesting she may be breaching federal anti-bribery laws. Their warning comes as speculation grows about Paramount’s potential settlement of a lawsuit filed by former President Donald Trump related to the network’s “60 Minutes” program. In a letter addressed to Redstone, the senators expressed unease over reports indicating that Paramount might settle the lawsuit, which the company has previously characterized as “completely without merit.” They cautioned that altering content or settling legal disputes to … Read more

"Senator Bernie Sanders Leads Charge Against Paramount’s Potential $20 Billion Settlement with Trump, Warns of Threats to Press Freedom"

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BURLINGTON, Vt. — Opposition is intensifying against Paramount Global, the parent company of CBS News, as discussions about potentially settling a $20 billion lawsuit from former President Donald Trump gain traction. Senator Bernie Sanders of Vermont has raised concerns that a settlement could undermine press freedoms and encourage further governmental attacks on media outlets. In a letter addressed to Shari Redstone, the controlling shareholder of Paramount, Sanders referenced speculation that the network might consider an agreement to resolve the case for as much as $75 million. He cautioned that rewarding Trump could embolden him rather … Read more

Inside the Storm: ’60 Minutes’ Investigates Trump’s Legal Battles Amidst Paramount’s Crisis

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NEW YORK — The recent episode of “60 Minutes” delved into former President Donald Trump’s contentious relationship with legal firms, particularly amidst ongoing challenges within Paramount Global. The investigative report highlighted how Trump’s court battles and legal dilemmas have prompted him to criticize the very law firms aiding him, a dynamic that reflects broader tensions in the legal field. Trump’s criticisms of his attorneys are not new; they have intensified during periods of legal scrutiny and civil lawsuits. According to reports, Trump’s remarks suggest a growing frustration over what he perceives as inadequate support or … Read more

Legal Battle Heats Up: Delaware Judge to Scrutinize Paramount’s $8 Billion Sale Amid Investor Resistance

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WILMINGTON, Del. — A Delaware court is setting the stage to tackle a class action lawsuit aimed at halting the proposed $8 billion acquisition of Paramount Global by Skydance Media. The legal challenge raises concerns about the transaction’s fairness to Paramount’s public shareholders, spotlighting the influential role of the company’s controlling shareholder, Shari Redstone. The judicial scrutiny unfolds following Redstone’s decision to divest her Paramount stake to David Ellison’s Skydance Media in July, under a deal that is still pending regulatory approval. The strategic shift to Skydance, a burgeoning force in the streaming sector, has … Read more