Paramount president Jeff Shell resigns amid lawsuit over alleged deal for TV show and leaked info.

Jeff Shell has stepped down as president of Paramount Skydance amid a lawsuit alleging he leaked confidential business information. High-stakes gambler R.J. Cipriani sued for $150 million, claiming Shell failed to produce a promised TV show in exchange for PR services. Shell denies the claims and countersued for extortion. The company's internal review found no securities violations.