Tuesday, June 13, 2017

As the Sumner Turns

This is the lawsuit that just won't go away for CBS/Viacom chairman/vegetable Sumner Redstone. From Tom Taylor's NOW column...

Sumner Redstone’s love-life is back in the courts. So are his finances, because the man who’s still the controlling shareholder in CBS and Viacom allegedly gave tens of millions of dollars to his romantic companions, before they were ousted from his estate. Sumner later sued two of them to recover the money. Turns out we haven’t heard the last of gal-pal Sydney Holland. Bloomberg says “A Los Angeles judge on Monday refused to dismiss her complaint that [Sumner’s daughter Shari] secretly paid her father’s staff to dig up confidential information” to use against Holland. Sydney wants “about half of Sumner’s liquid assets” in the California-sanctioned category of palimony. That could be 1% or 2% of $5 billion. Shari Redstone wanted the new Sydney Holland suit to be dismissed – but the judge didn’t see it that way.