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Viacom, CBS sued over ‘loyalty’ to Sumner Redstone

Viacom, CBS and respective board members were sued on Tuesday for prioritizing the interests of Sumner Redstone, the companies’ 92-year-old executive chairman, over that of their shareholders.

 

Sumner Redstone Honored On The Hollywood Walk Of Fame

 

The suit, first reported by The Hollywood Reporter, states that Viacom CEO Philippe Dauman, CBS CEO Leslie Moonves and other top executives “put their personal loyalty to Mr. Redstone… well ahead of their loyalty and respective fiduciary duties they owe and owed to Viacom and/or CBS and their respective shareholders.”

 

Read the full story at Money CNN, by Dylan Byers

 

 

READ MORE: Sumner Redstone

Philippe-Dauman - Sumner Redstone

The legal battle over Sumner Redstone has taken two new directions — one expected, and one much less so. In a move promised last month, Attorneys for Sumner Redstone today filed a motion to dismiss More…

Sumner Redstone Honored On The Hollywood Walk Of Fame

A former companion of 92-year-old Sumner Redstone, claimed in court Monday that his signature on a recent document had been forged. Manuela Herzer, Redstone’s companion, presented a declaration from More…

L-R Manuela Herzer ,   Sumner Redstone and Sydney Holland

Chairman of Viacom and CBS, 92-year-old Sumner Redstone, is a “living ghost” and subject to uncontrollable crying fits, according to a lawsuit filed Wednesday by former girlfriend Manuela Herzer. He More…

L-R Manuela Herzer ,   Sumner Redstone and Sydney Holland

The mental competency of Sumner Redstone could be openly challenged as his longtime companion Manuela Herzer — who was ejected from Redstone’s life in October — might be set to square off against More…

Sumner Redstone with his daughter Shari   Shari+Redstone and Sumner

The 92-year-old Mr Redstone has overwhelming control of Viacom, with a voting stake of about 80 per cent. The company has said little on the subject of his health. Mr Redstone’s daughter, Shari Redstone,  More…

sumner_redstones_girlfriend_settles

In the latest drama involving Viacom and Sumner Redstone, the 92-year-old executive chairman has split with his live-in girlfriend,  Sydney Holland. Sources say Holland, 43, was ejected from Redstone’s More…

sumner_redstones_girlfriend_settles

Tim Jensen, a former chauffeur for the 92 year old owner of CBS and Viacom Sumner Redstone, delivered a total of $1 million in cash on behalf of his boss to seven different women in Los Angeles. He made More…

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