Ailing media mogul Sumner Redstone, the 95-year-old majority shareholder of CBS and Viacom, has settled a series of lawsuits with his ex-girlfirend just days before a trial was scheduled to start, the AP reports.
The piece cites Redstone attorney Robert Kleiger saying Manuela Herzer will return $3.25 million that Redstone gave her and will relinquish any claim she has over his estate or health.
“The settlement agreement says it ends seven lawsuits and countersuits between Redstone and Herzer that began in 2015 after their breakup and involve his estate, allegations of elder abuse and invasion of privacy,” the AP reports. “Sumner said in the lawsuits that he had given Herzer tens of millions of dollars in their time together. He also briefly gave control of his health decisions to Herzer before he kicked her out of his Beverly Hills mansion in 2015. Redstone’s children and grandchildren had been trying to ensure they controlled his affairs.”
“Redstone is the majority owner of CBS Corp. and Viacom Corp. along with his daughter Shari Redstone. He was executive chairman of both companies before stepping down in 2016 at age 92,” the AP notes.
The legal skirmish was focused in particular on whether Redstone, who has been in declining mental and physical health, was able to make decisions for himself.