In April 2018, in a derivative suit on behalf of CBS, the Delaware Court of Chancery let a waste and bad-faith fiduciary claim against CBS's other directors proceed over salary paid to Sumner Redstone, and an unjust-enrichment claim against Redstone proceed over his Chairman Emeritus salary, while dismissing the challenge to his $9 million 2014 bonus.
Sources
- Continued Compensation to Incapacitated Controllers (corpgov.law.harvard.edu)
- https://www.courtlistener.com/opinion/4488315/ra-feuer-v-sumner-m-redstone/ (courtlistener.com)
- https://delawarechancery.foxrothschild.com/derivative-actions/corporate-waste-claim-survives-motion-to-dismiss/ (delawarechancery.foxrothschild.com)
- https://natlawreview.com/article/chancery-court-allows-complaint-alleging-waste-corporate-assets-to-move-forward-to (natlawreview.com)
- https://www.insurancejournal.com/news/national/2019/03/18/520868.htm (insurancejournal.com)
- https://variety.com/2019/biz/news/cbs-sumner-redstone-settlement-lawsuit-1203164537 (variety.com)
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