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Paramount Global is currently deliberating whether to settle a lawsuit filed by President Trump against its CBS News unit. The company is concerned about the potential legal ramifications that could arise from such a settlement, particularly regarding accusations of bribery. Executives are apprehensive that finalizing a settlement could expose them to future legal threats, including shareholder litigation or criminal charges. The Ellisons, involved in the negotiations, are hesitant to proceed without first resolving the lawsuit, indicating the complexities surrounding the decision-making process at Paramount.
Sources: Paramount execs weigh risks of settling Trump's lawsuit against CBS News, concerned about potential shareholder litigation or criminal bribery charges (@jtoonkel / Wall Street Journal) https://t.co/EycXbVBgpI https://t.co/2uVi3mHMRY
“Paramount is wrestling with whether to settle President Trump’s lawsuit against its CBS News unit, and how it might do so without exposing executives to future legal threats, such as accusations of bribery.” https://t.co/iJ6ZvdYyse
Paramount execs are worried that settling Trump’s lawsuit and subsequently having the deal approved could constitute a bribe and open the door to legal action (the Ellisons are reluctant to close the deal w/o the lawsuit being settled) https://t.co/ZDn9WubGXL.
