Viacom Asks Del. High Court To Ax $300M 'Rock Band' Award

Law360, Wilmington (May 8, 2013, 9:04 PM EDT) -- Viacom International Inc. on Wednesday asked the Delaware Supreme Court to vacate a court-affirmed arbitration award to shareholders of the company that created "Rock Band" over their 2006 merger, contending it was prevented from presenting key evidence that would have lowered the payment by $191 million.

The media giant bought out Harmonix Music Systems Inc., developer of the “Rock Band” and “Guitar Hero” video games for $175 million plus the promise of future “earn-out” payments based on profits from the games. Unable to agree on the...
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