Redstone Hits Back at CBS and Moonves

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Things continue to heat up between Shari Redstone’s National Amusements and the CBS CEO. The Redstone family — which owns a controlling interest in CBS and Viacom — filed a complaint in Delaware Chancery Court, Monday, against Moonves and his fellow CBS directors, which said: “This case is about extraordinary, unjustified and unlawful actions by certain of the Directors to unilaterally dilute the voting rights of its controlling stockholder, NAI, for all purposes and for all time. It is undisputed that the Director Defendants’ actions are unprecedented under Delaware law.”

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