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Judge Approves Suit by Viacom Investors

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From Reuters

A group of Viacom Inc. investors won the right to sue the company’s directors, claiming they overpaid Chairman Sumner Redstone and other executives even as the company suffered a record loss.

New York State Supreme Court Judge Charles Ramos threw out Viacom’s motion to dismiss the complaint alleging excessive compensation or unjust enrichment in 2004.

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