Monday, November 21, 2016

Viacom CEO lawyers urge speedy trial, bringing up Redstone's fitness



Viacom's leader government Philippe Dauman, who is suing over his removal from Sumner Redstone's consider, on Monday said in a court docket filing that a choose have to expedite the matter because the 93-yr-vintage media multi-millionaire is in sick fitness and may soon not be capable of offer wished proof.
saying "time is of the essence," the filing in Massachusetts country court docket describes Redstone as unable to "communicate, stand, walk, consume, write or examine."
A spokesman for Redstone did not have a right away comment.
last month, Redstone removed Dauman and Viacom board member George Abrams from the believe that could decide the future of CBS Corp (CBS.N) and Viacom after controlling shareholder Redstone, ninety three, dies or is declared mentally incapacitated.
The pair were also removed from the board of Redstone's national Amusements Inc, a personal movie theater agency that holds eighty percent of Viacom's and CBS's voting inventory.
The outcome of the Massachusetts case and a comparable one in California, and who finally ends up controlling the consider and the countrywide Amusements board, will have wide-ranging implications for Viacom and CBS and will result in changes on the pinnacle of both groups, probably via mergers and acquisitions.
A judge is predicted to pay attention arguments on Dauman's request to expedite discovery and an ordeal on Tuesday. The executive and Abrams sued in may, saying their elimination from Redstone's accept as true with amounted to an illegal corporate takeover with the aid of Redstone's daughter Shari Redstone.
Dauman and Abrams' lawsuit questions Redstone's mental competence and argue that Redstone is being manipulated with the aid of his daughter.
Shari Redstone's legal professionals have requested the court docket to reject Viacom's request to transport up the trial, arguing in courtroom filings the executives were only motivated by using self-hobby.
they have also countered in court filings with testimony from a medical doctor who examined the elderly Redstone and located the billionaire had the mental ability had to take Dauman and Abrams off his consider.
Monday's submitting additionally defends Dauman's previous statements from a November affidavit in any other lawsuit of Redstone's competency describing Sumner Redstone as "engaged" and "attentive."
The submitting notes those characteristics "could be attributed to someone who lacks the relevant potential and who's without a doubt not able to completely method records added to him no matter how engaged or attentive he is." It also argues that it its in all likelihood Redstone's health has declined since November.

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