Paramount shareholder sues Ellisons, alleging ‘illegal’ Trump deal

Summary

A press freedom group has filed a lawsuit seeking to stop Paramount Skydance’s multibillion-dollar 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…