May
24
Viacom CEO Dauman Sues to Block His Removal From Redstone Trust
Posted in: Uncategorized
Viacom CEO Philippe Dauman sued to block his removal from the family trust of the company’s controlling shareholder, Sumner Redstone, arguing that the move goes against the well-established plans of the 92-year-old billionaire.
Mr. Dauman and George Abrams, another trustee who was removed last week, filed a complaint in state court in Canton, Mass., on Monday challenging changes made to the trust by a lawyer claiming to represent Mr. Redstone. The suit, which accuses Mr. Redstone’s daughter Shari of manipulation, asks a judge to block any action to remove them as trustees.
Mr. Redstone fired back, filing a petition in Los Angeles state court seeking to confirm the validity of his actions in removing Mr. Dauman and Mr. Abrams.
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