ENTWISTLE & CAPPUCCI LLP APPOINTED LEAD COUNSEL IN CLASS ACTION ON BEHALF OF FORMER HOLDERS OF CLASS A VOTING SHARES OF PARAMOUNT GLOBAL

November 13, 2025

On November 13, 2025, the Court of Chancery of the State of Delaware appointed Entwistle & Cappucci LLP (“E&C” or the “Firm”) as interim Lead Counsel in an action on behalf of former minority owners of Class A common stock of Paramount Global (“Paramount” or the “Company”) arising from breaches of fiduciary duty in connection with the acquisition of Paramount by Skydance Media LLC (the “Skydance”) and its affiliates (the “Merger”).

Among other things, the complaint alleges that Harbor Lights Entertainment, Inc. (F/K/A National Amusements, Inc.) (F/K/A National Amusements, Inc.) (“NAI”), the former controlling shareholder of Paramount, and Paramount’s special committee breached their fiduciary duties by negotiating and recommending the Merger that provided a disproportionate, inequitable and non-ratable benefit to NAI at the expense of Class A minority stockholders. The complaint also alleges Skydance and its affiliates aided and abetted NAI and the special committee defendants by effectuating the Merger, paying a significant premium to NAI and concurrently underpaying the other Class A stockholders for their Paramount shares.

The action seeks to recover damages as a result of the unfair and inequitable consideration that NAI and its affiliates received versus the consideration received by minority Paramount Class A shareholders.