July 17, 2013
Viacom Inc. directors on Tuesday successfully fought off a shareholder suit targeting bonuses awarded to the media giant's top brass as a Delaware federal judge tossed a combined derivative and direct action that sought to recover nearly $37 million and halt further incentive payouts.
October 23, 2012
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.
August 21, 2012
Viacom Inc. shareholders got creative on Friday, suing the company for $37 million in damages under a federal law barring tax deductions for unwarranted executive pay, but experts said the gambit wasn't likely to see a better outcome than more traditional bonus suits.