Can Super-Voting Stocks Survive the CBS Challenge?

CBS’s lawsuit against National Amusements, its controlling shareholder, is a last-ditch effort to block a merger with Viacom. But it is also a challenge to the company’s dual-class stock structure and, by extension, similar structures that are increasingly common, especially among tech companies.

The challenge comes as these dual-class, or super-voting, structures are under fire by regulators, index providers and the courts.

National... Nguồn: www.wsj.com