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Stock impact report

Paramount files motion to dismiss Trump's CBS lawsuit, calls it 'an affront to the First Amendment' [FOX News]

Paramount Global - Class A (PARAA) 
Company Research Source: FOX News
Paramount Global filed a motion to dismiss President Trump 's $20 billion lawsuit on Thursday, hoping to end his high-stakes legal battle against CBS News. Trump has alleged election interference over CBS' handling of a "60 Minutes" interview, and feels the network aided his Democrat rival, then-Vice President Kamala Harris, through deceptive editing one month before they faced off in the presidential election. According to court documents reviewed by Fox News Digital , Paramount argued the lawsuit was wrongly filed by Trump's legal team in the U.S. District Court in the Northern District of Texas, despite the fact that neither Paramount nor CBS News are located in the Lone Star state nor did any production of the "60 Minutes" interview at the center of the lawsuit have any affiliation with the state. "First, none of the Defendants is subject to personal jurisdiction in Texas on these claims. CBS Broadcasting Inc. is a New York corporation, CBS Interactive Inc. and Paramount Gl Show less Read more
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