Paramount president Jeff Shell is stepping down from his post amid a legal battle 1 / 2 [Yahoo! Finance Canada]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance Canada
Paramount confirmed Wednesday that Shell had “elected to transition” from his post as company president and member of the board of directors. The company said its board reviewed allegations made in a recent lawsuit alleging Shell had violated certain securities disclosure rules — but found no evidence of such violation. Still, Paramount said the executive had decided to focus on ongoing litigation. “PSKY is grateful for Mr. Shell's many contributions and to have relied on him as a valued advisor,” Paramount said in a statement. The company didn't immediately specify who would succeed Shell as president. Last month, Shell was sued for fraud by a man named R.J. Cipriani, who claimed he provided the Paramount executive with 18 months of crisis communications services between 2024 and 2026 without any compensation. In exchange for these services, Cipriani alleged that Shell had initially said he would help him develop an English-language version of a Spanish show already airing on Ro
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News
- John Oliver jokes about future of 'Last Week Tonight' at charity event [USA TODAY]USA TODAY
- Hollywood creatives oppose Paramount's merger with Warner Bros. Discovery [CBS News]CBS News
- Jane Fonda, Mark Ruffalo, more oppose Paramount merger in open letter [USA TODAY]USA TODAY
- Hollywood stars sign open letter protesting the Paramount-Warner Bros. merger [MSNBC.com]MSNBC.com
- The M&A Class Action Firm Encourages $hareholders to Act Before the Vote—WBD, CTRA, FONR, and SNCYGlobeNewswire
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- 2/26/26 - Miss
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Sec Filings
- 3/30/26 - Form 4
- 3/30/26 - Form 4
- 3/30/26 - Form DFAN14A
- WBD's page on the SEC website