CBS Control Fight Sparks Redstone Lawsuit from Investors

Bloomberg: A CBS investor sued a company controlled by billionaire Sumner Redstone for demanding changes to the media company’s bylaws that would harm other shareholders backing a stock issuance. The changes pushed by National Amusements president Shari Redstone and her CBS board allies would improperly grant the Redstone family a veto over a stock-dilution plan backed by a majority of the company’s directors.