Legal News

Sumner Redstone’s Legal Battle Heats Up
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

960x0

Sumner Redstone. Photo courtesy of Forbes.

Summary: The legal battle for Sumner Redstone’s $40 billion media empire has begun in Massachusetts. 

How many lawyers does it take to seize a media empire? If you said 22, then you’re correct!

  
What
Where


According to the New York Times, twenty-two lawyers from both sides met in Massachusetts to fight over the future of Sumner Redstone’s $40 billion business. Redstone controls media corporations, Viacom and CBS, and he was accused of lacking mental competence after he fired two longtime advisors, Philippe P. Dauman and George S. Abrams. After their termination, the two men filed a lawsuit, challenging Redstone and accusing his daughter, Shari, of manipulating him.

Mr. Redstone’s lawyers said the firings reflected his wants. The 93-year-old currently controls 80 percent of Viacom and CBS voting stock, and his lawyers said the two men were let go after Viacom reported a loss of $7 billion.

Both sides were presented to Judge George Phelan of Norfolk County Probate Court, and after the proceedings, he said he had “a lot to digest.” In addition to hearing testimony from Viacom associates and Redstone family members, Judge Phelan was given a copy of the trust to review confidentially.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




“I grew up in a housing project where I was happy to have a quarter in my pocket,” Judge Phelan said. “I’m trying to grasp the idea of billions with a B.”

Dauman and Abrams’ legal team urged Judge Phelan to expedite his orders, which includes requesting an immediate medical evaluation of Mr. Redstone. The Redstone team asked the judge to dismiss the case. Other factors Judge Phelan has to weigh in on include whether or not Massachusetts was the right jurisdiction and whether or not Shari had undue influence on her father. Previously, the two were known for having a rocky relationship.



What do you think about this case? Let us know in the comments below.

Source: New York Times



 

RELEVANT JOBS

Office Manager at Chiang Law Firm

USA-TX-Sugar Land

Our law firm is looking for an eager and motivated individual to fill our Office Manager position. W...

Apply now

Estate Planning Paralegal

USA-TX-Sugar Land

Our law firm is looking for a dedicated and motivated individual to fill our Estate Planning/Probate...

Apply now

Managing Attorney - Real Estate

USA-NC-Concord

Look, I\'m sure you\'re a good attorney.  You\'ve made it this far and you\'re doing pretty wel...

Apply now

Associate Attorney

USA-FL-Jacksonville

The law offices of Marshall Dennehey Warner Coleman & Goggin, a leading insurance defense firm, is s...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Junior Commercial Litigation Associate Attorney

USA-AK-Anchorage

Anchorage office of a BCG Attorney Search Top Ranked Law Firm seeks a junior commercial litigation a...

Apply Now

Business Immigration Associate Attorney

USA-WA-Seattle

Seattle office of a BCG Attorney Search Top Ranked Law Firm seeks a business immigration associate a...

Apply Now

Family Attorney

USA-CA-Murrieta

Murrieta office of a BCG Attorney Search Top Ranked Law Firm seeks a family attorney with 1-2 years ...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top