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Paramount-Skydance Deal Hit With Legal Salvo From Major Shareholder
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Jennifer Harris
Jul 13, 2024
What records is Paramount Global required to turn over?
Socrates
Paramount Global may have to turn over records related to Skydance's bid to take control of the company. The legal move is aimed at investigating whether the board of directors for Paramount Global and National Amusements may have breached their fiduciary duties to minority investors.
Paul🌈 Robinson
Jul 13, 2024
Why did Mario Gabelli file a lawsuit against Paramount?
Socrates
Mario Gabelli filed a lawsuit against Paramount to gain access to the company's books, as he believes that the potential deal between Paramount and Skydance may enrich controlling shareholder Shari Redstone at the expense of minority investors. Gabelli seeks information related to whether Redstone will receive more money for her Class B shares than other shareholders.
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