#REDSTONE
Sumner Redstone removes Viacom CEO and board member from trust
Media mogul Sumner Redstone has removed Viacom (VIAB.O) CEO Philippe Dauman and Viacom board member George Abrams from the seven-person trust that will determine the fate of both Viacom and CBS (CBS.N) in the event of his incapacitation or death, two people fa... More »
Sumner Redstone has power to remove Viacom CEO from his trust
Sumner Redstone has the power to remove Viacom Inc (VIAB.O) Chief Executive Philippe Dauman, but not his daughter Shari, from the trust that will control his $40 billion media empire after his incapacitation or death, according to two sources familiar with the... More »
Viacom board weighs further cuts in Redstone’s pay: WSJ
Viacom Inc’s board is considering whether to further cut the pay of its Chairman Emeritus Sumner Redstone, the Wall Street Journal reported, citing people familiar with the matter. Viacom and CBS Corp board members are also planning to visit Redstone, the chai... More »
New lawsuit alleges paid informants, pricey escort at Redstone mansion
LOS ANGELES Even as a Los Angeles judge dismissed one case brought by a former girlfriend of media mogul Sumner Redstone, she filed a new lawsuit that threatens to keep salacious allegations about the 92-year-old’s lifestyle alive. The new complaint, filed by ... More »
Redstone competence trial ends as judge tosses lawsuit
LOS ANGELES Media mogul Sumner Redstone never set foot in the Los Angeles courtroom where his mental competency was on trial in recent days. But the 92-year-old billionaire had the final word on Monday when Judge David Cowan, citing blunt videotaped testimony ... More »
Judge leans Redstone’s way in trial over media mogul’s mental state
(Note language in third paragraph. Rewrites with further quotes from court, background on Viacom) By Lisa Richwine LOS ANGELES A judge called Sumner Redstone’s deposition “strong evidence” that the media mogul knew what he was doing when he ejected an ex-girlf... More »
Judge denies Redstone granddaughter’s bid to join competency suit
LOS ANGELES A California judge on Wednesday rejected a bid by Sumner Redstone’s granddaughter to join the media mogul’s former girlfriend in a lawsuit that challenges the 92-year-old billionaire’s mental competency. The granddaughter, Keryn Redstone, argued in... More »
Media mogul Redstone won’t testify in mental competency trial
LOS ANGELES A California judge declined to order a deposition of Sumner Redstone after lawyers for the 92-year-old media mogul said on Thursday they do not plan to call him to testify at a trial over his mental competence. Attorneys for Redstone’s former girlf... More »
Sumner Redstone to testify in competency trial: filings
Attorneys for Sumner Redstone’s ex-girlfriend say they should be allowed to depose the 92-year-old media mogul because Redstone plans to testify at an upcoming trial over his mental capacity, according to court filings made on Wednesday. Settlement talks betwe... More »
Settlement talks stall in Sumner Redstone competency case
NEW YORK Talks aimed at settling a lawsuit questioning the competency of media mogul Sumner Redstone have hit an impasse and attorneys are rescheduling the depositions of key players, an attorney for Redstone’s former girlfriend, who brought the lawsuit, said ... More »
Redstone lawyers in preliminary deal with ex-girlfriend: source
Lawyers acting for Sumner Redstone have reached a preliminary settlement with an ex-girlfriend over a lawsuit that challenged the 92-year-old media mogul’s mental competency, a person familiar with the situation said on Thursday. The settlement may avoid furth... More »
Lawyers in settlement talks over Sumner Redstone competency lawsuit: sources
Lawyers for Viacom Inc Chairman Emeritus Sumner Redstone are in talks to settle a lawsuit challenging the 92-year-old media mogul’s mental competency, people familiar with the situation said on Tuesday. Depositions of Viacom Chief Executive Officer Philippe Da... More »
Some documents in Sumner Redstone case to be unsealed: judge
LOS ANGELES A Los Angeles judge tentatively ruled on Friday that certain documents can be made public in a lawsuit that challenges the mental competency of 92-year-old media mogul Sumner Redstone. Medical records will remain sealed to protect Redstone’s privac... More »
Media mogul Redstone victim of ‘undue influence,’ ex-girlfriend says
LOS ANGELES Media mogul Sumner Redstone was under “undue influence” from people around him when he replaced his designated healthcare agent last fall, his ex-girlfriend argued on Thursday in her lawsuit challenging the elderly billionaire’s mental competence. ... More »
Investors target Viacom in suit on Redstone pay, call for change
Investors targeted Viacom Inc (VIAB.O) on two fronts on Tuesday, in a lawsuit alleging Executive Chairman Sumner Redstone is incapacitated and should not have been paid millions in compensation, and in an activist investor presentation calling for changes to t... More »
Two medical colleagues duel over Sumner Redstone’s mental fitness
Doctors Stephen Read and James Spar are collaborators on a chapter of a forthcoming psychiatry textbook, colleagues at UCLA’s medical school and go-to court experts on the evaluation of mental fitness in the elderly. In the 2014 fight over whether owner Donald... More »
Media mogul Redstone’s ex-girlfriend alleges forgery in U.S. lawsuit
Sumner Redstone’s former girlfriend filed a new lawsuit on Monday alleging that the 92-year-old media mogul’s signature was forged on a document, supporting her allegation that he was being manipulated in his business and personal affairs. Redstone is the cont... More »
Media mogul Redstone gets encouragement from friend turning 90
BROOKLINE, Mass. Famed Massachusetts mill owner Aaron Feuerstein has this message for his friend and embattled media executive Sumner Redstone: hang in there. “As long as he is succeeding, and as long as it’s profitable, I don’t see why he should step down,” F... More »
Exclusive: Top investors question whether Viacom’s Redstone should step down
NEW YORK Two of the largest shareholders in Viacom Inc (VIAB.O) have made the highly unusual move of publicly questioning Sumner Redstone’s mental fitness to remain executive chairman of the multi-billion dollar media company. Mario Gabelli, whose funds hold t... More »
Sumner Redstone is mentally capable, says Viacom board member
Sumner Redstone’s physicians have publicly attested that he is mentally capable, William Schwartz, chairman of Viacom (VIAB.O)’s governance and nominating committee, wrote in an e-mailed to Reuters Wednesday afternoon. “As has been widely and publicly disclose... More »
