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HITS Daily Double

add Harmonix-Viacom

PROXY MUSIC: Walter Winshall, an early investor in Harmonix who was designated proxy for more than 150 shareholders in the purchase agreement, has alleged that Viacom manipulated the company in order to reduce those payments, according to the lawsuit filed in a Delaware Chancery Court. "Mr. Winshall made a decision to spurn our early proposals, which were highly favorable to the stockholders he represented," said Viacom in a statement. "He failed to get the unjustified windfall he hoped for and as a result damaged those shareholders, who are obligated to repay amounts already received. Having failed in his game, he is attempting to rewrite the contract and history with false and irrelevant claims, no doubt to protect himself from the very unhappy stockholders he represents." (12/22a)