Soros Fund To Contest Jeff Warshaw Lawsuit

The legal battle between Connoisseur Media CEO Jeffrey Warshaw and Soros Fund Management (SFM) intensified Thursday, as SFM and its Head of Media Investments, Michael Del Nin, filed robust counteractions to Warshaw’s lawsuit in Connecticut Superior Court. Del Nin moved to dismiss the case, arguing that Connecticut courts lack jurisdiction over him. Concurrently, SFM submitted a 12-part Request to Revise Warshaw’s complaint, claiming it lacks specificity, omits key facts, and hinges on an unsubstantiated verbal agreement.

 Warshaw alleges that SFM and its executive Del Nin breached an agreement to either appoint him as CEO of Audacy or pay him 5% of SFM’s profits from Audacy’s distressed debt acquisition, which Warshaw claims he facilitated. The dispute stems from Warshaw’s advisory role in two potential radio deals—first with Cox Radio in 2022-2023, which fell through, and later with Audacy, where SFM became the majority shareholder after Audacy’s Chapter 11 bankruptcy restructuring in September 2024. 

Jeff Warshaw

Warshaw claims he was promised compensation for his strategic and operational contributions, including introducing SFM to HG Vora, which held Audacy’s distressed debt. However, SFM allegedly denied any agreement, with Del Nin calling Warshaw’s claims “fabricated.” 

On Thursday, SFM and Del Nin responded aggressively. Del Nin filed a motion to dismiss, arguing that Connecticut courts lack jurisdiction over him, while SFM filed a 12-part Request to Revise Warshaw’s complaint, claiming it lacks specificity, omits critical facts, and relies on an undocumented, “implausible” verbal agreement. SFM asserts it was already exploring radio investments, including Audacy, before meeting Warshaw in 2022, and denies promising him a CEO role or profit-sharing. 

The filings challenge the validity of Warshaw’s claims under the Connecticut Unfair Trade Practices Act and demand clarification on his role as an advisor. If Del Nin’s motion is granted, he would be dismissed from the case, but claims against SFM would proceed pending the court’s decision on the Request to Revise.

Warshaw, who recently acquired Alpha Media, expanding Connoisseur Media to 218 stations across 47 markets, continues to pursue compensation for his alleged contributions to SFM’s Audacy deal.