Paramountâs controlling shareholder Shari Redstone and the companyâs board members are struggling to reach a decision about settling a $20 billion lawsuit brought by President Donald Trump over a â60 Minutesâ interview with former Vice President Kamala Harris, it was reported Wednesday.
The New York Postâs Charles Gasparino reported that a major concern involves the likelihood that the Paramount boardâs Directors and Officers (D&O) liability insurance wouldnât cover bribery, a potential allegation if the sides settle.
Trump has sued CBS for $20 billion, alleging the network edited an interview with 2024 Democrat opponent Harris last fall to benefit her. CBS News has denied that. CBSâ parent company, Paramount Global, is in talks to potentially settle Trumpâs lawsuit.
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