Sumner Redstone's Granddaughter Files Cross-Claim Against Aunt As Viacom-CBS Drama Continues
August 3, 2016 at 3:58 AM (PT)
The battle over VIACOM and SUMNER REDSTONE's trust has entered yet another courtroom phase with the filing of a cross-claim in a MASSACHUSETTS probate court by REDSTONE's granddaughter KERYN REDSTONE supporting VIACOM CEO PHILIPPE DAUMAN against her aunt, VIACOM Vice Chair SHARI REDSTONE, in the battle over whether DAUMAN and others should be removed from the VIACOM board.
The LOS ANGELES TIMES reports that the cross-claim alleges that SHARI REDSTONE is manipulating her father to seize control of NATIONAL AMUSEMENTS INC., the family's holding company that controls VIACOM and CBS CORPORATION, and cut a $6 million bequest to KERYN REDSTONE out of SUMNER REDSTONE's will in a recent revision, although she remains a beneficiary of the trust. The claim also alleges that KERYN REDSTONE has been prevented from seeing her grandfather. KERYN REDSTONE is asking in the case to be restored as a trustee of the SUMNER M. REDSTONE NAI TRUST, which will hold the REDSTONE shares in VIACOM and CBS (she was removed from trustee status in 2012).
Settlement talks have broken down in the cases in MASSACHUSETTS and DELAWARE, which both involve the removal of DAUMAN and four other members of the VIACOM board.