Paramount Pictures, facing a $20 billion lawsuit from President Trump over a contentious interview with Kamala Harris, is in a strategic bind. The company's board, led by Shari Redstone, is considering a settlement, potentially up to $50 million. However, concerns arise regarding their Directors and Officers liability insurance, which may not cover bribery allegations related to the settlement. Trump is reportedly open to negotiation, but the impending merger with Skydance complicates matters further, as legal ramifications loom including potential civil suits from shareholders or investigations if political tides shift post-midterms.
I feel badly for her. She's really in a tough spot. They're really worried that they could face civil or even criminal charges and their insurance doesn't cover the legal expense.
Compounding the problem for the board and Redstone is that D&O insurance typically doesn't cover bribery. There is a possibility of civil suits brought by shareholders.
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