A CBS shareholder charges in a new legal filing that corporate board members and CEO Leslie Moonves were “recklessly profligate” when they approved nearly $13 million in pay over three years for one-time chairman Sumner Redstone , after it became clear that he was “incapacitated beyond recovery.” The most damning new evidence in the amended complaint, filed in Delaware Chancery Court, comes …
The Redstones are 0-for-2. Andre Bouchard, a judge at Delaware Chancery Court, has rejected a motion to dismiss Viacom’s lead independent director Frederic Salerno’s lawsuit that challenges the attempted removal of Philippe Dauman and four fellow board members from the media company’s board. The ruling allowing the case to move to the discovery stage follows what happened in Massachusetts …
Lawyers for media mogul Sumner Redstone on Monday filed a motion to dismiss a lawsuit in Massachusetts court alleging Redstone wasn’t mentally competent when he removed two trustees of entities that control Viacom Inc. and CBS Corp. Redstone’s attorneys are asking the probate court in Canton to toss out the lawsuit, saying Redstone has not been deemed incompetent by a court or by …
The mental capacity of Sumner Redstone is at the center of yet another lawsuit, this one filed by Viacom CEO Philippe Dauman against Shari Redstone, the billionaire businessman’s daughter. Dauman and longtime Viacom director George Abrams filed a legal complaint in the Commonwealth of Massachusetts Probate and Family Court accusing Shari of taking advantage of her 92-year-old father’s mental …
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 Manuela Herzer, 52, in Los Angeles Superior Court on Monday, alleges that Redstone’s daughter Shari interfered with the inheritance …