WSJ: Three Democratic senators are "seeking information about Paramount Global's efforts to settle a lawsuit by President Trump against the company’s CBS News, probing whether the company risks violating a federal bribery statute." https://t.co/CskkgAsJFP
Three senators are raising concerns that CBS News parent Paramount risks violating bribery laws in pursuit of potential settlement with President Trump https://t.co/WI9IveT3Zu
Trump is threatening the business interests of CBS News's corporate owner to force it to settle a baseless lawsuit that he has brought -- part of his autocratic effort to control the independent media. https://t.co/Os4o5kLU2u
Nine major U.S. law firms, including Paul, Weiss; Kirkland & Ellis; Latham & Watkins; Skadden; Milbank; Willkie; Simpson Thacher; A&O Shearman; and Cadwalader, have entered agreements with the Trump administration to provide approximately $1 billion in free legal services to the federal government. Paul, Weiss settled on March 20, promising $40 million in pro bono services. These deals followed executive orders from President Trump targeting firms representing clients he disapproved of, with threats such as loss of federal contracts. Perkins Coie challenged an executive order in court and won a restraining order, with Judge Beryl Howell ruling the order unconstitutional. Other firms, including Perkins Coie, Jenner & Block, and Susman Godfrey, have fought the orders, while Microsoft dropped Simpson Thacher, which settled, in favor of Jenner & Block. The pro bono work agreed to by the firms includes legal support for veterans, law enforcement, first responders, and potentially areas related to tariffs and the coal industry. The legal industry is experiencing reputational and recruitment challenges, with some lawyers and clients avoiding firms that entered White House agreements. Paramount Global, parent company of CBS News, is negotiating a settlement with President Trump over a $20 billion lawsuit regarding a '60 Minutes' segment aired on May 4. The settlement amount is reportedly between $30 million and $50 million. Shari Redstone, Paramount's controlling shareholder, supports the settlement as the company seeks approval for a multibillion-dollar sale to Skydance Media. The dispute has led to internal upheaval at CBS, including the forced departure of CBS News president Wendy McMahon and the resignation of '60 Minutes' executive producer Bill Owens. Three Democratic senators have raised concerns that Paramount's settlement talks with Trump could risk violating federal bribery laws.