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Judge throws out suit over Viacom's Redstone compensation

Published 10/25/2017, 07:01 PM
© Reuters.  Judge throws out suit over Viacom's Redstone compensation
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  • A judge has thrown out a lawsuit that challenged compensation Viacom (VIA -1.1%, VIAB -0.7%) paid to its former chairman, Sumner Redstone.
  • Plaintiffs had charged that Viacom's board approved more than $13M in compensation to Redstone, Viacom's founder, despite knowing that the now-94-year-old was incapacitated.
  • The Delaware judge dismissed the suit, ruling that those claims were released as part of an August 2016 settlement that cleared three other suits.
  • Now read: Nasdaq 100 Top Gainers Are Mattel (NASDAQ:MAT) & Viacom, Per September Broker Targets

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