Andrews Securities Litigation and Regulation Reporter
March 28, 2001
Copyright (c) 2001 Andrews Publications
DEL. HIGH COURT'S FIRST-IMPRESSION RULING REVIVES $1.3 BILLION VIACOM MERGER SUIT
Rossdeutscher v. Viacom Inc.
On an issue of first impression, the Delaware Supreme Court has revived a class action suit that claims media conglomerate Viacom Inc. shortchanged investors as much as $1.3 billion by inflating the price of its stock at the time it acquired...