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business1d ago
Paramount Enlists Ellison Advisor to Handle Jeff Shell’s Legal Drama
- Paramount engages Blair Connelly as outside advisor to manage Jeff Shell legal disputes and potential breaches.
- The investigation centers on whether Shell disclosed UFC deal details before Paramount’s August 2025 announcement.
- An outside law firm is investigating the disclosure claim, while the SEC reviews a related whistleblower complaint.
- Shell was not involved in final negotiations for Warner Bros. Discovery and Paramount’s $111 billion deal.
- R.J. Cipriani’s allegations prompted Cipriani’s discussions with Shell and the pursuit of a Roku show deal.
- The case involves allegations of breach of oral contract and fraudulent misrepresentation against the studio.
- Paramount’s chief legal officer Makan Delrahim previously worked with Connelly’s firm.
- The investigation and advisory changes come as Paramount navigates leadership changes since the 2025 acquisition.
- Paramount has declined to comment on the allegations.
- The legal drama and potential litigation threats are linked to ongoing strategic deals and leadership changes.
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