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.
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
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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.
Källa: latimes - 🏆 11. / 82 Läs mer »
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.
Källa: latimes - 🏆 11. / 82 Läs mer »
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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!
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