Lawsuit: Redstone vs. Redstones
February 14, 2006 at 3:01 PM (PT)
It's family warfare between BRENT REDSTONE and his father SUMNER and sister SHARI, with son suing dad claiming financial abuses at theater chain NATIONAL AMUSEMENTS, INC. and looking to dissolve the company so he can cash in his 16.7% interest in the company. NATIONAL AMUSEMENTS also holds the elder REDSTONE's stakes in VIACOM and CBS CORP., in which SUMNER is Chairman and SHARI is Vice Chairman.
Responding to the lawsuit, NATIONAL AMUSEMENTS issued a press release that stated "It is unfortunate that BRENT REDSTONE is abusing the court system in an attempt to extract a financial settlement in a family dispute. His allegations are completely unfounded and NAI will defend itself vigorously against this meritless lawsuit."