A Delaware judge has granted CBS a temporary restraining order in a dispute with its majority shareholder over control of the company.
WBOC reports that the judge barred National Amusements from taking any action that would undermine a scheduled board vote on a dividend proposal that would reduce its voting power from 80 percent down to 17 percent.
National Amusements had argued that it had rewritten the CBS bylaws forcing a supermajority vote to dilute dividends.
CBS has been battling National Amusements efforts to force a merger with Viacom which is controlled by National Amusements.
