Also Read: Sumner Redstone's Granddaughter Says in Email: ' My Grandfather Is a Ghost' (Exclusive) Judge Cowan’s ruling doesn’t definitively prevent future fights over the direction of the Redstone media empire, but it does strengthen the actions Shari Redstone has taken in trying to ensure the future success of both CBS and Viacom.
Coming less than a month after probate attorney Samuel Ingham, III was declared the guardian ad litem for the speech impaired nonagenarian, the deal will see Herzer paying back billionaire Redstone approximately $3.25 million from the gifts he showered her with over the years of their relationship.
An affair which ended in tears and exile from Redstone’s Beverly Hills palace in 2015.
“Moreover, the Redstone Releasors and the Redstone Releasees covenant not to sue, or to cause or encourage any other person to sue, the Herzer Releasees under any legal or equitable theory or principle pertaining to the Redstone Claims,” the 17-day agreement states.
The deal, which basically keeps Herzer and her family as far away from Redstone as is possible, emerged out of mediation talks between both sides that started in early December, I hear.
Among those sign-offs are Herzer herself, Shari Redstone and a bumpy horizontal line from Sumner Redstone.
Avoiding the spectacle of a trial, the very nature of the agreement hints in some ways that more might be at work in the greater Redstone Empire.Herzer and the Redstone family settled the three years’ worth of legal disputes that arose from that earlier this month.Herzer argued that Redstone lacked the mental capacity to remove her and that his daughter Shari Redstone was making decisions on his behalf.Redstone 2003 Trust dated July 23, 2003 and the Forty-First Partial Amendment thereto on their respective dates of execution, October 16, 2015 and May 20, 2016,” Cowan wrote in his decision, adding that the changes to the estate “were not the product of undue influence, fraud, duress, or mistake.” Herzer could not be reach for comment.Shari Redstone has been fighting to retain control of her family’s estimated billion media empire for the last few years.As part of the settlement Herzer was ordered to pay back .25 million in gifts she received from Redstone during the course of their relationship.