May 14

CBS Is Suing Majority Owners Sumner and Shari Redstone

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CBS is going hostile against parent company National Amusements by suing the company and its owners, Sumner Redstone and his daughter Shari Redstone. The network claims they breached their fiduciary duty to all shareholders. The suit was filed by CBS and the Special Committee of its Board of Directors (led by chairman Leslie Moonves), which…

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