Monday, October 10, 2016
After a difficult meeting, Sumner Redstone resolved his legal battle with his granddaughter Keryn. This resolution ends all outstanding legal disputes in probate court over Redstone’s trust. The ongoing legal battles centered around Redstone’s mental health and caused him to lose some lifelong friends. Eventually, one of those friends, Philippe Dauman, was ousted from Viacom, but the lawsuits did not end there. Three investor complaints, which were later consolidated, challenged Redstone’s position as a member on the board, but the case will not be decided until next year.
See Janelle Lawrence & Chris Dolmetsch, Redstone Ends Trust Battle After Meeting with Granddaughter, Private Wealth, October 7, 2016.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.