Redstone Asks Court to Confirm Trust Change

Counters Dauman's Massachusetts suit with petition in California
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Sumner Redstone, at war with Philippe Dauman, the CEO of Viacom, one of the media companies the 92-year-old mogul controls, has asked a California court to validate his decision to remove Dauman as a trustee of the trust that controls his assets.

On Monday morning (May 23) Dauman and George Abrams, another Viacom director, filed a suit in Massachusetts that called Redstone’s actions illegal and accused Redstone of lacking “the capacity to have taken these steps.”

Dauman has accused Shari Redstone, Sumner Redstone’s daughter, of having undue influence over her father, who last week informed Dauman and Abrams that they had been removed from the trust, set up through National Amusements Inc.

Shari Redstone and Dauman appear to be the main contenders to control Sumner Redstone’s assets when he dies or becomes incapacitated. Removing Dauman from the trust would weaken his ability to control Viacom or Redstone’s other assets, including CBS.

Redstone previously won a lawsuit challenging his competency to make health care decisions.

Read more at broadcastingcable.com.

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