Judge Approves Suit by Viacom Investors
From Reuters
A group of Viacom Inc. investors won the right to sue the company’s directors, claiming they overpaid Chairman Sumner Redstone and other executives even as the company suffered a record loss.
New York State Supreme Court Judge Charles Ramos threw out Viacom’s motion to dismiss the complaint alleging excessive compensation or unjust enrichment in 2004.
