Viacom International Inc. had no obligation to renegotiate an agreement with Electronic Arts Inc. to distribute the video game Rock Band in order to increase earn-out payments to shareholders of the game’s developer, Harmonix Music Systems Inc., the Delaware Supreme Court has ruled.
The high court’s ruling affirmed a November 2011 Delaware Court of Chancery decision dismissing the claims of Harmonix’s shareholders who sought to recoup millions in earn-out payments by challenging Viacom’s decision not to continue its marketing agreement with Electronic Arts.
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