Viacom Shareholder Asks 3rd Circ. To Save $37M Bonus Suit

Law360, Philadelphia (March 25, 2014, 1:52 PM EDT) -- A Viacom Inc. shareholder on Tuesday asked the Third Circuit to revive a suit aimed at recovering nearly $37 million in bonuses awarded to the media giant's top brass, arguing that a Delaware federal judge had erred when she threw it out.

Arnold Gershon of Barrack Rodos & Bacine, representing shareholder Robert Freedman, told the panel that U.S. District Judge Sue L. Robinson should not have dismissed the suit on the basis that Freedman failed to show that asking Viacom's board to bring a derivative suit...
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