Del. High Court OKs $300M 'Rock Band' Award Against Viacom

Law360, Los Angeles (July 16, 2013, 6:19 PM EDT) -- The Delaware Supreme Court on Tuesday refused to vacate a court-affirmed $299.8 million arbitration award to shareholders of the company that created “Rock Band” over its 2006 merger with Viacom International Inc., holding that the arbitrator wasn’t guilty of “misconduct.”

In August, a Delaware judge ruled that Viacom must pay a further $300 million to shareholders of Harmonix Music Systems Inc. as part of their merger agreement, rejecting the media giant’s various challenges against a third-party valuation of the figure. Viacom asked the Delaware Supreme Court...
To view the full article, register now.