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Atty Fights To Revive $13M Viacom Exec Compensation Suit

Law360 (May 16, 2018, 10:26 PM EDT) -- Delaware’s chancellor incorrectly relied on “self-dealing” liability releases that Viacom Inc.’s directors awarded themselves when he tossed a derivative suit challenging $13 million in compensation paid to the media company’s ailing former chairman, a class attorney said during appeal arguments on Wednesday.

P. Bradford deLeeuw of Rosenthal Monhait & Goddess PA, counsel to lead investor R.A. Feuer, told a three-justice panel that the releases cited by Chancellor Andre G. Bouchard in his dismissal were approved months after Feuer challenged Sumner Redstone’s compensation, as part of a...
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