Viacom CEO Seeks to Block Subpoena in Redstone Health Suit – Bloomberg Business

The New York-based company said last month that Redstone was “mentally capable” in response to calls for more information about his health by Mario Gabelli, the largest outside holder of voting stock in Viacom, the parent of the Nickelodeon and MTV cable networks.
On Tuesday, another investor sued Viacom and CBS in Delaware Chancery Court, demanding the companies’ boards acknowledge the “mental and physical incapacity of Mr. Redstone to perform his job for either company” and implement succession plans.

via Viacom CEO Seeks to Block Subpoena in Redstone Health Suit – Bloomberg Business.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s