💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Judge rejects Redstone bid to close part of competency trial

Published 04/27/2016, 08:09 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) - The trial over media mogul Sumner Redstone's advance healthcare directive should be open to the public, a California judge tentatively ruled on Wednesday in a lawsuit brought by an ex-girlfriend.

But although Los Angeles Superior Court Judge David Cowan ruled that the public has a right to view the proceedings in a trial that will revolve around the mental competency of the 92-year-old billionaire, Cowan said some testimony could be shielded from the public.

Attorneys for Redstone, the controlling shareholder of Viacom Inc (O:VIAB) and CBS Corp (N:CBS), had asked the judge to keep part of the trial behind closed doors to protect Redstone's right to medical privacy.

Redstone's ex-girlfriend, Manuela Herzer, filed a lawsuit asking to be reinstated as the person in charge of Redstone's healthcare if he becomes unable to make decisions on his own. Herzer argues that Redstone lacked the mental competency to remove her from his advance healthcare directive last October.

Viacom and CBS shareholders have closely followed the lawsuit for what it could reveal about Redstone's condition.

Lawyers for Redstone argue that Herzer is seeking financial gain after Redstone revoked a part of his estate plan that would have given her a $70 million inheritance.

At Wednesday's court hearing, in saying that the public has a right to view the proceedings, the judge also said it would not be practical to conduct part of the trial in private.

Cowan added, however, that he wanted to have a "dignified" trial. He said either side could request to shield specific testimony from the public during the proceedings.

Cowan also said he would carefully examine Redstone's medical records and limit the information entered as evidence.

"Just because there is a trial doesn't necessarily mean that all of his medical records have to end up on the Internet," Cowan said.

The judge deferred a decision on Herzer's request for Redstone to appear as a witness. Her attorneys previously said they would not call him to testify.

Pierce O'Donnell, an attorney for Herzer, on Wednesday said he wants to call Redstone because his lawyers "are not answering the most important questions."

Those questions are: "What did he know? When did he know it? Who told him? And when did he act on the information" in October? O'Donnell told reporters.

Redstone's attorneys say he was fully aware of his actions when he named Viacom's chief executive, Philippe Dauman, as his designated healthcare agent. Earlier this month, Redstone made another change, naming his daughter, Shari, as his healthcare agent instead of Dauman.

The case is set to go to trial May 6 unless the two sides reach a settlement. Earlier settlement talks fell apart.

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

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.