News

Partner Bryan Sullivan was recently quoted in Ryan Faughnder, Yvonne Villarreal and Daniel Miller’s Los Angeles Times article “Mental competence suit against Redstone raises questions over future of Viacom and CBS.” The piece discusses the claims filed by Sumner Redstone’s former girlfriend that the executive’s health has long been deteriorating, and that he is no longer capable of making decisions. According to Bryan, if the companies in Redstone’s media empire were aware of any health problems and failed to inform shareholders, this could leave them vulnerable to potential lawsuits.

“It raises the question of who knew what when, and what should’ve been disclosed to shareholders at what point in time,” says Bryan. “If one person in the power structure knew he was incompetent, then there is potential liability under SEC regulations for failure to disclose material facts.”

The full article can be found here.