Paramount president Jeff Shell is stepping down from his post amid a legal battle [Globe and Mail, The (Toronto, Canada)]
Warner Bros. Discovery, Inc. - Series A (WBD)
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Source: Globe and Mail, The
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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- 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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- WBD's page on the SEC website