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...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Robert Freedman v. Sumner Redstone, et al


Case Number

13-3372

Court

Appellate - 3rd Circuit

Nature of Suit

3850 Securities, Commodities, Exchange

Date Filed

August 6, 2013

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.