Viacom's Philippe Dauman, George Abrams Removed From Sumner Redstone Trust
Dauman, Abrams Sue To Block Move
May 23, 2016 at 4:41 PM (PT)
VIACOM Chairman PHILIPPE DAUMAN and director GEORGE ABRAMS were removed from the trust formed to oversee SUMNER REDSTONE's interests FRIDAY (5/20) in a move by REDSTONE's daughter, CBS and VIACOM Vice Chair SHARI REDSTONE, to take more control of the seven-voting-member trust.
SHARI REDSTONE is expected to name NATIONAL AMUSEMENTS SVP/General Counsel THADDEUS JANKOWSKI and one other member to the trust, which will direct SUMNER REDSTONE's interests in VIACOM and CBS after his death or declaration of incompetence.
The move follows SUMNER REDSTONE's victory in defending against former girlfriend MANUELA HERZER's lawsuit contesting her removal as his health care representative; HERZER has filed a new suit contesting her being written out of REDSTONE's will.
And this morning, CNN is reporting that DAUMAN and ABRAMS are suing in a MASSACHUSETTS court to block their removal from the trust, calling it an "unlawful corporate takeover" and alleging that SUMNER REDSTONE "is clearly being manipulated by his daughter, SHARI." Meanwhile, SUMNER REDSTONE's attorneys have filed a petition in the LOS ANGELES court that ruled in his favor in the HERZER case to declare his competency to make the trustee changes.