Shareholder lawsuit seeks to halt Paramount merger, fight corruption

FOR IMMEDIATE RELEASE: New York, July 15, 2026 — Yesterday, Freedom of the Press Foundation (FPF) and the Public Integrity Project filed a shareholder’s derivative lawsuit against officers and directors of Paramount Skydance Corp. seeking to halt its acquisition of Warner Bros. Discovery. Mary S. Thomas of Thomas Law LLC, an experienced commercial litigator in Delaware, where the suit was filed, is serving as Delaware counsel on the case. The complaint, brought on behalf of Paramount shareholder Paul Robbins against Paramount higher-ups including CEO David Ellison, seeks to prevent Paramount insiders from profiting through breaches of their fiduciary duties to the company by trading editorial independence for favoritism from the Trump administration. This pattern includes, among other thi…