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Jan. 27, 2021) This decision is one of several by the Delaware Court of Chancery arising out of efforts to merge CBS Corporation and Viacom by the companies’ controlling stockholder—National Amusements, Inc., controlled by Shari Redstone. [read post]
15 Oct 2018, 6:01 am
(“NAI”) owns approximately 80% of the voting shares of CBS Corporation and Viacom Inc., and in early 2018, NAI proposed that CBS and Viacom consider a merger. [read post]
18 Jun 2019, 6:42 am by Francis Pileggi
HIGHLIGHTS OF RECENT KEY DELAWARE CORPORATE AND COMMERCIAL DECISIONS–as of May 30, 2019 DELAWARE SUPREME COURT DECISIONS Delaware Supreme Court Clarifies Appraisal Law The Delaware Supreme Court, in a per curiam decision, recently determined that “deal price less synergies” was the appropriate determination of fair value in the appraisal action before it. [read post]
24 Apr 2018, 5:00 am by John Jascob
Despite the extremely high bar for showing corporate waste, the Delaware Court of Chancery held that demand was partly excused in a shareholder action challenging compensation paid to former CBS executive chairman and controlling stockholder Sumner Redstone. [read post]
30 Apr 2018, 5:24 am by Carl Neff
Apr. 19, 2018), the Delaware Court of Chancery considered a motion to dismiss brought in response to a derivative complaint against certain directors of CBS Corporation for excessive compensation paid to media titan, Sumner Redstone, at a time when plaintiff alleged he could no longer render meaningful services to the company. [read post]
17 Jul 2018, 9:22 am by John Jascob
In the midst of a fight between Shari and Sumner Redstone and CBS over a potential merger with Viacom, the Delaware Court of Chancery denied the Redstones access to certain likely-privileged documents. [read post]
30 Aug 2015, 11:56 am by Francis Pileggi
  The post Short Observation on Long Delaware Chancery Decisions appeared first on Delaware Corporate and Commercial Litigation Blog. [read post]