Connoisseur Media founder and CEO Jeff Warshaw says he is not chasing the Audacy CEO job in court. Soros Fund Management says his own complaint suggests otherwise. That is why SFM is asking a Constitution State judge to hold him to that position before the case moves any further down the road.
In a September 29 reply filed in Connecticut Superior Court in Stamford, Conn., first reported October 12 by Streamline Publishing’s Radio Ink, Soros Fund Management and its Michael Del Nin urged the court to overrule Warshaw’s objection to their request to revise the Third Amended Complaint. The request, dated August 26, asks the court to order Warshaw to amend the pleading to match its decision on the defendants’ motion to strike.
Defendants say they are not asking that every reference to the alleged CEO promise be removed. They want to remove the allegations that Warshaw had an enforceable contract with SFM tied to the promise, or that it was clear and definite enough for him to rely on, which appear across Counts One through Five.
Warshaw’s September 25 objection argued that the promise is a factual predicate for his claim to 5% of SFM’s profits, and that readers of the complaint would not understand the provision without it. Defendants call that a strawman and say the disputed paragraphs plead the promise as an element of each claim, not as background.
The reply adds that Warshaw’s prayer for relief asks the court to award specific performance of his agreement with SFM. As pleaded, defendants say, that agreement includes a promise to designate Warshaw as Audacy’s CEO with a market-rate compensation package. They argue that assurances from Warshaw’s counsel that he will not seek such relief do not replace a conforming pleading.
Defendants also say that if Warshaw was never pursuing claims based on the CEO promise, they are entitled to seek the costs of winning dismissal of claims he prosecuted anyway.
In May 2025, Warshaw, who leads Connoisseur Media, sued SFM after he believed he was in line to become Audacy’s next CEO or receive 5% of SFM’s profits from the Audacy acquisition for his assistance.
A jury trial is projected for 2027.
