Viacom Directors Look To Toss $37M Exec Pay Suit

Law360, New York (October 23, 2012, 2:09 PM EDT) -- Directors of media giant Viacom Inc. on Monday pressed a Delaware federal judge to toss a $37 million putative derivative and direct shareholder action over an incentive plan for top executives, arguing the plaintiff failed to properly demand that the board of directors bring the suit first.

The directors further claim that while the complaint purports to bring a derivative action on behalf of the company, it does not adequately plead that any demand on the board itself to bring the suit is futile and thus...
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