A battery of lawyers argued in court Tuesday over whether media mogul Sumner Redstone had the mental competence to remove two trustees of entities that control Viacom Inc. and CBS Corp.
In a move that further undermines Viacom CEO Philippe Dauman, the company's controlling shareholder said Monday it amended Viacom's bylaws to require unanimous board approval for any full or partial sale of movie studio Paramount Pictures.
Viacom's embattled chief executive sued Monday to be restored as a director and trustee to entities that control Viacom Inc. and CBS Corp. after a weekend move by media mogul Sumner Redstone stripped him of the positions.
The battle over the fortune of ailing media mogul Sumner Redstone shifted to a new front Monday after a judge threw out the case over his medical care and both sides targeted each other with new $100 million-plus lawsuits.
Sumner Redstone's attorneys say the ailing media mogul paid two of his ex-girlfriends $150 million over a five-year period before kicking them out of his life.