🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Ex-girlfriend can get video deposition of Sumner Redstone in upcoming trial: judge

Published 05/02/2016, 06:31 PM
© Reuters. Redstone, executive chairman of CBS Corp. and Viacom, arrives at premiere of "The Guilt Trip" starring Streisand and Rogen in Los Angeles
CBS_old
-
PARA
-

By Lisa Richwine

LOS ANGELES (Reuters) - Media mogul Sumner Redstone can be deposed at his home in a short videotaped session ahead of a trial to resolve his ex-girlfriend's lawsuit over his mental competence, a California judge ruled on Monday.

The recording of Redstone, the controlling shareholder of media companies Viacom Inc (O:VIAB) and CBS Corp (N:CBS), will not be seen by the public, Los Angeles Superior Court Judge David Cowan said. A transcript will be released promptly after it is played behind closed doors, the judge said.

Lawyers for Redstone's former companion, Manuela Herzer, had requested that the 92-year-old billionaire be called as a witness in the trial, which starts on Friday. Herzer claims Redstone was not mentally competent last October when he replaced her as his designated health care agent.

Viacom and CBS shareholders have closely followed the lawsuit for what it could reveal about Redstone's condition. If he is declared mentally incompetent, it could trigger a seven-person trust, which includes Redstone’s daughter Shari Redstone and Viacom CEO Philippe Dauman, to take over the voting shares of Viacom and CBS owned by the Redstone family.The deposition by Herzer's lead attorney can last no longer than 15 minutes, with a further 15 minutes set aside for questions from Redstone's lawyer, Cowan said.

The judge said he tried to balance the public's right to view the trial with protection of Redstone's privacy.

"Nobody deserves to have a career tarnished by having been taken to a courthouse and made a public spectacle of when he would not allow that to happen had he the strength himself to stop it," Cowan wrote in the ruling. "The public will still know what he was asked, what he said in response and in turn the judicial process remains subject to scrutiny through the deposition transcript."

Redstone's attorneys say he has a serious speech impediment, but they argue he was fully aware of his actions last October when he named Dauman as his health care agent in place of Herzer. He later substituted his daughter, Shari, on the health care directive.

Pierce O'Donnell, Herzer's lawyer, said he expected to take Redstone's deposition this week and would use the videotape at the beginning of the trial. "Fifteen minutes should be more than enough" to establish Redstone's lack of mental capacity, O'Donnell told reporters after a brief court hearing.

© Reuters. Redstone, executive chairman of CBS Corp. and Viacom, arrives at premiere of "The Guilt Trip" starring Streisand and Rogen in Los Angeles

Redstone attorney Gabrielle Vidal, in a statement, said she appreciated "the court's continued protection of Mr. Redstone's privacy and dignity."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.