Settlement Reached In Sumner Redstone Competency Fight

I have previously discussed the ongoing competency battle involving Sumner Redstone.  Confidential sources are reporting that a settlement has been reached in the dispute between media mogul Sumner Redstone and his longtime companion Manuela Herzer over Mr. Redstone’s competency.  The full details of the agreement remain confidential, but the deal does include a substantial payout to Ms. Herzer.  Control over Viacom will remain in the hands of chief executive Philippe Dauman and Redstone’s care and treatment will be designated to his daughter Shari.  The deal will soon be taken to a Judge for approval.  “Only time will tell whether this truly resolves the dynamics leading to a legal fight that tested the tough issue of geriatric care or whether it’s all prologue to the potential trust battle that may erupt after the 20th century media titan passes the torch.” 

See Eriq Gardner, Sumner Redstone Healthcare Fight Is Settled, The Hollywood Reporter, April 11, 2016.

Special thanks to Jim Hillhouse for bringing this article to my attention.