New Delhi, April 9 -- Jeff Shell will exit as president of Paramount Skydance Corp. after a high-stakes gambler filed a lawsuit against Shell, accusing him of leaking inside information about the media and entertainment conglomerate's business, Bloomberg News reported on Thursday.

This is not the first time Shell has been entangled in a controversy. In fact, this marks the second time in three years that he has stepped down from a leadership role. Earlier, in 2023, he was forced to resign from his position leading Comcast Corp.'s NBCUniversal business following a separate controversy.

Shell was fired from his previous company after he acknowledged an inappropriate relationship with a reporter in the news division.

He took some time off...