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.
May 23, 2018 at 05:40 PM
1 minute read
Photo Credit: Gabriele Maltinti/Shutterstock.com Wachtell, Lipton, Rosen & Katz Weil, Gotshal & Manges Cleary Gottlieb Steen & Hamilton CBS v. National Amusements
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