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Philippe Dauman Wants Court To Have Sumner Redstone Examined By August 17

Viacom CEO Philippe Dauman and director George Abrams just added some key details to their plea for a Massachusetts court to order an exam of controlling shareholder Sumner Redstone. They submitted today a proposed order for the Massachusetts...Show More Summary

Philippe Dauman paves the way to leave Viacom as CEO if he's ousted from the board

Philippe Dauman, the chief executive of Viacom Inc., is laying the groundwork to leave the company if Sumner Redstone’s attempt to oust him from the board is successful.  Dauman and Viacom Chief Operating Officer Tom Dooley have reserved their right to resign their positions for “good reason” if...

Viacom’s Effort to Sell Paramount Stake Takes Another Blow

National Amusements, the private theater chain company through which Sumner Redstone controls Viacom, said a sale now could hinder Viacom’s prospects.

Redstone family reaffirms opposition to Paramount sale

Viacom Inc.’s plan to sell a stake in its historic Hollywood movie studio, Paramount Pictures, suffered another setback Friday when the Redstone family publicly reaffirmed its opposition. Sumner Redstone and his daughter, Shari Redstone, are against the proposed sale of a 49% stake in the struggling...

Sumner Redstone's National Amusements opposes Viacom's planned sale of Paramount stake

(Reuters) - Sumner Redstone's privately held movie theater company said on Friday it opposes the sale of a stake in Viacom Inc's Paramount Pictures. National Amusements Inc, through which the 93-year-old media mogul owns 80 percent of...Show More Summary

National Amusements Vows To Oppose A Deal To Sell Paramount Stake

Updated with Viacom response: Sumner Redstone’s National Amusements, which owns 80% of Viacom’s voting shares, just threw a wrench into CEO Philippe Dauman’s effort to sell 49% of Paramount to China’s Wanda Group. The exhibition chain...Show More Summary

Report: Philippe Dauman’s Lawyers Are Talking Settlement With Sumner and Shari Redstone

With the future of Viacom on the line, high-stakes talks are under way to settle the dispute between CEO Philippe Dauman and the Redstones — Sumner, the company’s 93-year-old founder, and his daughter Shari. “Dauman accuses Shari Redstone of stepping...

Judge denies new trial for Sumner Redstone's ex-companion

Sumner Redstone’s former companion, Manuela Herzer, lost her bid for a new trial in her continued legal effort to have the 93-year-old media mogul declared mentally incompetent. Los Angeles Superior Court Judge David J. Cowan issued the tentative ruling on Monday, delivering another blow to Herzer’s...

Sumner Redstone’s Ex Will Appeal Health Care Case After Being Denied New Trial – Update

UPDATE, 9:36 AM: "We will appeal," said the lead lawyer for Sumner Redstone's former companion today after a judge denied Manuela Herzer a new trial over the 93-year old's heath care directive. Greenberg Glusker Fields Claman & Machtinge's Pierce O'Donnell said after the L.A. Show More Summary

Sumner Redstone’s Ex Denied Another Health Care Trial

Sumner Redstone’s former companion Manuela Herzer today was shut down in her attempt to restart her perviously dismissed lawsuit over who controls the mogul’s health care. “Even if there was a right to bring a motion for a new trialShow More Summary

Why Viacom Chief Philippe Dauman is fighting his longtime boss, Sumner Redstone

One question looms large as pressure mounts on Viacom Inc. Chief Executive Philippe Dauman: Why is the embattled executive waging a high-stakes war with his longtime boss? Power, pride, principal -- and indignation -- all could be playing a part in Dauman’s campaign to remain a pivotal figure in...

Why Viacom Chief Philippe Dauman is fighting his longtime boss, Sumner Redstone

One question looms large as pressure mounts on Viacom Inc. Chief Executive Philippe Dauman: Why is the embattled executive waging a high-stakes war with his longtime boss? Power, pride, principal -- and indignation -- all could be playing a part in Dauman’s campaign to remain a pivotal figure in...

Is John Malone Making a Move to Get Viacom?

According to the second-largest shareholder in Viacom, after Sumner Redstone, media titan John Malone is making a move to get control of Viacom as the company is caught in a power struggle between Redstone’s daughter, Shari Redstone, and Vicacom CEO...

Viacom still working on sale of a stake in Paramount Pictures

Viacom Inc. is urging a judge to expedite legal proceedings in Delaware because of the fragile health of media mogul Sumner Redstone and because any delay could hamper the company’s efforts to raise money by selling a stake in Paramount Pictures. The controversial sale of a 49% stake in the Melrose...

Viacom Asks Delaware Court For Redstone Exam To Clear Way For Possible Paramount Deal

Viacom “continues to pursue” a deal to sell a 49% stake in Paramount, but needs a judgment about Sumner Redstone’s competence to escape a potential “cloud,” Lead Independent Director Frederic Salerno says in a letter today to Delaware’s...Show More Summary

Sumner Redstone’s Granddaughter Defends Mass. For Competence Case

It shouldn’t matter to Sumner Redstone whether a case challenging his competence is held in Massachusetts as opposed to California, lawyers for his granddaughter Keryn said today in a court filing: The ailing 93 year old won’t attend...Show More Summary

Battle for $40 Billion Empire Focuses on Redstone’s Mental State

As lawsuits for Sumner Redstone’s $40 billion media empire continue, the judge questions both sides on Redstone’s mental state and communication skills.

Massachusetts judge asks about Sumner Redstone's condition in hearing

By Jessica Toonkel (Reuters) - A Massachusetts judge presiding over a case hinging on Sumner Redstone's mental condition on Thursday peppered attorneys on both sides of the dispute with questions about the 93-year-old media mogul's state of mind and how he communicates with people. Show More Summary

Judge asks for more information in lawsuit challenging Sumner Redstone's mental capacity

3 weeks agoHealth : Booster Shots

A Massachusetts judge on Thursday put off a decision on whether to toss out a lawsuit that challenges the mental competency of mogul Sumner Redstone, keeping alive a contentious fight over the future of media company Viacom Inc. Viacom Chief Executive Philippe Dauman brought the lawsuit late last...

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