$10 Billion Default Judgment Rocks Paramount Global: Antigua Filings Detail Potential Criminal Exposure in Media Cartel Case
This report summarizes what is alleged in filed court documents before the Eastern Caribbean Supreme Court in Antigua & Barbuda v. The Media Cartel. The Court has entered a $10 billion default judgment against certain named defendants after failures to appear in court.
I. Sovereign Case Overview
The Antigua proceeding consolidates evidence and declarations from the U.S. and U.K., including sworn statements and motions for recognition and enforcement across jurisdictions.
II. $10 Billion Default Judgment
The Eastern Caribbean Supreme Court has issued the $10 billion judgment against parties failing to respond. The judgment seeks cross-border enforcement.
III. Statutes Cited in the Filings
Several statutes are referenced that could indicate potential criminal exposure if allegations are supported by evidence, including U.S. RICO statutes and U.K. laws.
IV. Investor Risk & Disclosure
Investors connected with Paramount Global should evaluate their potential exposure as this case proceeds, particularly concerning governance and compliance risks highlighted in the filings.
