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May 23, 2018 | Delaware Business Court Insider

CBS, in New Complaint Against Redstone, Says It Moved to Preserve Discretion of Independent Directors

CBS on Wednesday defended a board vote that sharply reduced the voting power of Shari Redstone, its controlling stockholder, filing an amended complaint that her bid to block the move was "inequitable and invalid" and arguing that it acted to preserve the discretion of independent directors.
1 minute read
May 22, 2018 | Litigation Daily

Daily Dicta: Here's the Skinny: Plaintiffs on Losing Streak in Diet Soda Class Actions

Drinking diet soda will not make you skinny—and may actually do the opposite. But that's not enough to sustain would-be class actions against Diet Pepsi, Diet Coke and Diet Dr. Pepper.
6 minute read
May 21, 2018 | New York Law Journal

Court OKs Dismissal of Suit Over Viacom Payments to Sumner Redstone

The Delaware Supreme Court has upheld the dismissal of a derivative suit challenging more than $13 million in payments the Viacom Inc. board made to founder and former chairman Sumner Redstone, even as the billionaire media mogul's declining health prevented him from providing any services of value to the company.
4 minute read
May 21, 2018 | Delaware Business Court Insider

Del. Justices OK Dismissal of Suit Over Viacom Payments to Sumner Redstone

The Delaware Supreme Court has upheld the dismissal of a derivative suit challenging more than $13 million in payments the Viacom Inc. board made to founder and former chairman Sumner Redstone, even as the billionaire media mogul's declining health prevented him from providing any services of value to the company.
4 minute read
May 18, 2018 | Delaware Business Court Insider

In CBS Board's Showdown With Shari Redstone, Whose Move Is Next?

The next chapter of CBS Corp.'s ongoing feud with Shari Redstone is set to turn on the validity of a board of directors' vote late Thursday to strip its controlling stockholder of her voting power and whether Redstone's National Amusements Inc. has the authority to block the move.
4 minute read
May 17, 2018 | Delaware Business Court Insider

CBS Board Votes to Reduce Redstone's Control, Setting Up Court Showdown

CBS Corp.'s board of directors late Thursday voted to strip its controlling stockholder of most of her voting power, setting up the next showdown in the media giant's ongoing struggle with Shari Redstone and her family's National Amusements Inc. for control of the company.
7 minute read
May 16, 2018 | Delaware Business Court Insider

Bouchard Promises Swift Ruling in CBS Suit Against Shari Redstone in Battle Over Merger With Viacom

A Delaware Court of Chancery judge on Wednesday ordered a brief standstill in CBS Corp.'s lawsuit against Shari Redstone, but promised a decision on the merits of the case Thursday, just ahead of a planned board meeting to dilute the voting power of the company's controlling shareholder.
4 minute read
Appellate Division, First Department: May 15, 2018
Publication Date: 2018-05-16
Practice Area: Appellate Division Activity | Civil Appeals | Criminal Appeals
Industry:
Court: Appellate Division, First Department
Judge: Unsigned
Attorneys:
For plaintiff:
For defendant:
Case number: DOCKET

Appellate Division, First Department: May 15, 2018

Nicassio v. Viacom Intl, Inc.
Publication Date: 2018-05-15
Practice Area: Intellectual Property
Industry:
Court: U.S. District Court for Pennsylvania - Western
Judge: District Judge Fischer
Attorneys:
For plaintiff:
For defendant:
Case number: 18-0573

Court granted defendants motion to dismiss authors action for copyright infringement, unfair competition, tortious interference with prospective advantage and tortious destruction of intellectual property. Motion granted.

May 14, 2018 | Delaware Business Court Insider

CBS Sues Shari Redstone to Block Possible Viacom Merger With CBS

CBS Corp. on Monday sued to stop controlling stockholder Shari Redstone from pursuing a merger with Viacom, amid fears that she could act quickly to oust the CBS board and force a deal that CBS claims would irreparably harm the company and its investors.
5 minute read

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