ViacomCBS investors are accusing media mogul Shari Redstone of forcing through the merger of CBS and Viacom last year to protect her investment in Viacom, according to a lawsuit seeking class-action status.
The 119-page lawsuit, which was filed jointly in Delaware Tuesday by the Bucks County Employees Retirement Fund and the International Union of Operating Engineers of Eastern Pennsylvania and Delaware, is a combined version of earlier complaints filed against ViacomCBS.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
The Redstone’s leadership of CBS/Viacom has been dismal. Great to see that investors are confronting this nonsense.
Pretty sure everyone knows this and there is likely very little they can do. Not sure it’s totally without merit but a better idea would be to find ways to grow the existing business. Pluto tv combined with CBS assets is a great value. content production at Via was always strong
Is summer alive ?
Then they should apply for a small building loan and buy him out. Plenty of money out there
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shareholder lawsuit blasts Shari Redstone's 'persistent influence' in Viacom-CBS mergerShareholders sue for damages, claiming the CBS-Viacom merger was rammed through to protect the Redstone family. She's got crazy eyes. Best to avoid that one.
Source: latimes - 🏆 11. / 82 Read more »
Shareholder lawsuit blasts Shari Redstone's 'persistent influence' in Viacom-CBS mergerShareholders sue for damages, claiming the CBS-Viacom merger was rammed through to protect the Redstone family. She's got crazy eyes. Best to avoid that one.
Source: latimes - 🏆 11. / 82 Read more »
ViacomCBS Sets Verizon Pact In First Full-Portfolio Carriage Deal Since MergerViacomCBS has reached an agreement with Verizon FiOS in the first carriage deal spanning its full portfolio of networks since the merger of Viacom and CBS closed last December. Multiple people fami…
Source: DEADLINE - 🏆 109. / 63 Read more »
First on CNN Business: JPMorgan, Ruth's Chris accused of cheating small businesses out of emergency loansJPMorgan Chase, Ruth's Chris Steak House and others are being accused in a lawsuit of efforts to 'cheat' small businesses out of federal stimulus funding amid the coronavirus pandemic 🤑What else is New. .Shameful !!😖😠😡🤬
Source: CNN - 🏆 4. / 95 Read more »
House antitrust chair wants ban on mergers during coronavirus pandemic - Business InsiderHouse Antitrust Chairman David Cicilline told Politico he wants the next coronavirus relief bill to include a ban on mergers during the pandemic. The government should be a lender of last resort, a ban on mergers in effect forces companies to take bailout money, and increases the cost to the taxpayer. Ban stock buybacks!
Source: BusinessInsider - 🏆 729. / 51 Read more »