Paramount chief resigns amid fraud suit in high-stakes Vegas dispute
TL;DR
Paramount President Jeff Shell is stepping down after eight months amid a legal battle with Las Vegas gambler R.J. Cipriani, who alleges fraud and breach of contract; Shell denies the claims and Cipriani’s allegations are disputed, with Paramount's Gibson Dunn review finding no securities-law violations. Shell also resigns from Paramount’s board to focus on the case as Paramount Skydance advances its merger plans with Warner Bros. Discovery and navigates regulatory approvals.
- Jeff Shell steps down as Paramount president after legal battle with gambler Los Angeles Times
- Jeff Shell Steps Down as President of Paramount The New York Times
- Jeff Shell out at Paramount Skydance Axios
- Paramount president Jeff Shell booted from second top media role in 3 years amid another bombshell scandal New York Post
- Jeff Shell’s Future At Paramount In Hands Of Law Firm As It Probes Loose Lips Claim Deadline
Want the full story? Read the original reporting
Read on Los Angeles Times