Litigator Patty Glaser promised last month Jeff Shell would “strongly respond” to threats legal and otherwise from a pro-gambler over potentially insider information and leaked data, and today the Paramount president has done just that.
As Shell puts his cards on the table in a counterclaim just filed against R.J. Cipriani in LA Superior Court, the latter could be about to hit Paramount owner David Ellison, his father Larry Ellison, financier RedBird Capital Partners and a handful of studio executives, including Shell and his wife Laura, with a new court action.
Fact is Shell launched his counterattack Monday in part to take the sting off Cipriani’s next move, I’m told.
Insisting he is the injured party, Cipriani is poised to file a big bucks breach of oral contract and fraud suit against the billionaire Ellisons, the Shells, Gerry Cardinale, RCP itself, Andy Gordon and Paramount Skydance Corporation itself. A draft copy has been floating around for the last few days. Drawn up by attorney Steven J. Aaronoff, the self-declared “unlimited civil case” may land in the LASC court docket as early as later today or Tuesday if Cipriani decides to go full scorched Earth, I hear.
Building on Cipriani’s similar $150 million suit of last week against the Shells, and to some degree the whistleblower S.E.C. filing he submitted over details of Paramount’s $7.7 billion UFC deal, the not-yet-filed action against the younger Ellison and his war cabinet is designed in no small part to draw...
exporters knowingly avoided U. S. duties on Asian and European flat-rolled steel products, agreeing to pay $19 million to resolve the dispute, according to a press release issued Wednesday by the U...