Billionaire investor Mario Gabelli’s investment fund filed a class-action lawsuit on behalf of Paramount Global shareholders alleging the company’s controlling shareholder, Shari Redstone, benefited unfairly at their expense in the $8.4-billion merger with Skydance Media , according to a statement from Gabelli’s firm.

Gabelli Value 25 Fund and affiliates alleged that Redstone’s investment vehicle, National Amusements (NAI), received $60 for each of its Class A Paramount shares while public shareholders only received $23, according to a statement from Gabelli’s GAMCO Investors.

The lawsuit named as defendants National Amusements, which is now known as Harbor Lights Entertainment, Paramount Global board members, Redstone, and Skydance.

Mario Gabelli’s GAMCO alleged that Redstone’s inv

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