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GameStop Investor Sues to Halt CEO Ryan Cohen’s $35B Pay Deal

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Shortly after his blockbuster bid for eBay was shot down, GameStop CEO Ryan Cohen is facing a new fight—this time from one of his own shareholders. An investor has filed a lawsuit seeking to block a vote on Cohen’s proposed $35 billion compensation package, arguing that investors haven't been given enough information to understand exactly what they're being asked to approve.

According to Bloomberg, the lawsuit centers on disclosure concerns. The shareholder claims key details about the structure, valuation, and long-term consequences of the package were not adequately explained in materials distributed ahead of the vote. The suit seeks to halt or postpone the shareholder meeting until additional information is provided.

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