Two California Democrats have proposed a hearing to review Paramount Global’s efforts to settle President Trump’s $20-billion lawsuit. “I haven’t seen a president act in this brazen of a manner,” said state Sen. Josh Becker (D-Menlo Park).
Settling the Trump lawsuit is widely seen as a prerequisite for regulators to finally clear Paramount’s $8-billion sale to Skydance Media, which controlling shareholder Shari Redstone has been desperately counting on to save her family’s fortunes.
But whether federal or state politicians could foil a Trump settlement is murky. Experts caution, for example, that it may be difficult, if a settlement is reached, to prove that Paramount’s leaders paid a bribe.
Paramount Global’s efforts to appease President Trump could carry a steep price, and not just fi