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Former Midway Directors Cleared In Creditor Lawsuit

Sumner Redstone, the chairman of CBS Corp. and Viacom Inc., and former directors of Midway Games Inc. won dismissal of claims brought by Midway's creditors over disputed loans to the video-game maker.

Redstone and Midway's directors, including Redstone's daughter Shari, didn't breach their duties to stakeholders or engage in fraudulent transfers of the firm's assets, U.S. Bankruptcy Judge Kevin Gross concluded.

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businessweek.com
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