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CBS Is Suing Majority Owners Sumner and Shari Redstone

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CBS is going hostile against parent company National Amusements Inc. (NAI) by suing the company and its owners, Sumner Redstone and his daughter Shari Redstone. The network claims the Redstones breached their fiduciary duty to all shareholders. The suit was filed by CBS and the Special Committee of its Board of Directors (led by chairman...

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