Shari Redstone Sumner Redstone state Delaware stage reports Shari Redstone Sumner Redstone state Delaware

CBS Stockholder Suit On ‘Sold’ Support Of Viacom-CBS Merger Can Proceed, Judge Rules

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CBS stockholders can continue to pursue a lawsuit over the 2019 merger of Viacom and CBS, a Delaware judge has ruled.Shari Redstone, daughter of late media mogul Sumner Redstone, stands accused of pursuing an unfair merger that created ViacomCBS Inc.Reuters also reported the ruling has found it is reasonable to explore a claim that former CBS chief Joseph Ianniello “sold” support for the deal to Shari Redstone in exchange for accepting a $125 million severance.Vice Chancellor Joseph Slights of the Delaware Chancery Court rejected Ianniello and ViacomCBS motions to dismiss on Wednesday.In today’s ruling, the judge cited a reversal of positions by Redstone and Ianniello as worthy of examination.

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