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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.