Paramount To Pay $122.5M To Settle 2019 Shareholder Lawsuit Over Viacom-CBS Merger

📆 04/03/2023 02:35:00
📰 DEADLINE

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Paramount has agreed to pay $122.5 million to settle a 2019 lawsuit by Viacom shareholders over the company’s merger with CBS

), the company details the chronology of the case brought in Delaware Chancery Court. After disclosing the settlement, the filing notes that the company is suing insurance carriers related to the shareholders’ action.

“The company is currently engaged in litigation regarding insurance coverage against certain of its insurance carriers in the Superior Court of the State of Delaware,” the filing says. “The company intends to pursue its claims vigorously. Pending recovery of any such insurance proceeds, the company will advance funds for the settlement when they become due.

Write Comment

StarTrekDiscovery's demise seems to be the way they get the money to pay.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sentencing for man convicted of 2019 murder of Ashtabula County business ownerTim Meola was found dead inside his Mentor Avenue home in Painesville on Sept. 7, 2019.
Source: cleveland19news - 🏆 70. / 68 Read more »