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Longtime media executive Jeff Shell is leaving Paramount, in a move that arrives amid a messy legal battle.
Jeff Shell is leaving Paramount amid ongoing litigation and a recent lawsuit against him.
KEY POINTS
- Paramount's board found no evidence Shell violated securities disclosure rules after reviewing allegations.
- R.J. Cipriani sued Shell for $150 million, alleging unpaid crisis communications work and broken promises.
- Cipriani accused Shell of sharing non-public information about Paramount's UFC partnership and Warner acquisition.
- Paramount and Shell deny the claims, with Shell counter-suing Cipriani for defamation and extortion.
COMPANIES
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