Paramount Investor Alleges Illegal Deal Involving Ellisons and Trump

WHO:

Variety - David Ellison, head of Paramount, and Larry Ellison, tech billionaire, are involved in the lawsuit.

Variety - A Paramount shareholder is the plaintiff in the lawsuit.

WHAT:

Deadline - The lawsuit filed by Paramount shareholder Paul Robbins alleges breach of fiduciary duty in the pursuit of Warner Bros. Discovery.

Variety - The lawsuit alleges that David and Larry Ellison cut an "illegal" deal with President Trump.

Variety - The lawsuit seeks to block Paramount's acquisition of Warner Bros. Discovery.

WHERE:

Variety - The lawsuit was filed in Delaware Chancery Court.

WHEN:

Variety - The lawsuit was filed on a Tuesday (exact date not specified).

WHY:

Variety - The alleged deal was made to secure U.S. governmental approval for the takeover of Warner Bros. Discovery.

HOW:

Variety - The lawsuit claims that the Ellisons engaged in a side deal with President Trump to facilitate the merger.

(UPDATED July 16, 2026 00:16 UTC)

A lawsuit has been filed by Paramount shareholder Paul Robbins, alleging breach of fiduciary duty in the company's pursuit of Warner Bros. Discovery. The deadline for this legal action is set for 00:16 UTC. This case could have significant implications for both companies involved.

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(UPDATED July 15, 2026 22:19 UTC)

A lawsuit has been filed in Delaware Chancery Court by a Paramount shareholder against David Ellison, head of Paramount, and tech billionaire Larry Ellison, alleging they cut an "illegal" deal with President Trump to secure U.S. governmental approval for Paramount's acquisition of Warner Bros. Discovery. The lawsuit seeks to block this acquisition, claiming that the Ellisons engaged in a side deal with Trump to facilitate the merger. This legal action highlights the ongoing scrutiny surrounding major corporate transactions and their connections to political figures.