Former CBS shareholders can sue Shari Redstone over ViacomCBS merger By Jonathan Stempel
FILE PHOTO: Shari Redstone (L) pictured after a court hearing in 2016
(Reuters) – A Delaware judge on Wednesday said former CBS shareholders may pursue a lawsuit accusing Shari Redstone, the daughter of late media magnate Sumner Redstone, of pressuring the company into entering an unfair merger that created ViacomCBS Inc.
Vice Chancellor Joseph Slights of the Delaware Chancery Court ruled four weeks after allowing former Viacom shareholders to pursue similar claims.
In a 157-page decision, Slights said it was reasonable to infer that the merger process was not fair and CBS “substantially” overpaid for Viacom.