I mean, who could suspect this man is incompetent?
Posted on 10/26/2016 8:01:29 AM PDT by Wolfie
Sumner Redstone Just Sued 2 of His Ex-Girlfriends for Elder Abuse
He says he was forced to borrow $100 million to cover tax obligations on gifts he gave to the women.
Media mogul Sumner Redstone on Tuesday sued two ex-girlfriends for civil claims including elder abuse, alleging he was forced to borrow $100 million from the private company that holds his voting shares of CBS and Viacom to cover tax obligations on gifts he gave to the women.
The lawsuit, filed in Los Angeles Superior Court, seeks about $150 million that Redstone’s lawyers say he gave to Manuela Herzer and Sydney Holland. Redstone’s lawsuit is the newest front in a nearly year-long litigation war between the 93-year-old billionaire former Viacom chairman and Herzer.
Ronald Richards, an attorney for Herzer, said the lawsuit has no merit. “All of the gifts Mr. Redstone made to my client and to Sydney Holland were made with his full knowledge and blessing,” he said.
Holland, in a statement, called the lawsuit “fictional revisionist history.” Redstone’s attorneys and doctors “vetted and approved all payments” she received, the statement said.
Herzer had challenged her removal as Redstone’s designated healthcare agent last year, saying Redstone was not competent to make the decision. A Los Angeles judge dismissed Herzer’s case in May, saying Redstone made it clear in a videotaped deposition that he did not want Herzer making decisions about his care. Herzer has appealed that ruling.
In the lawsuit filed on Tuesday, Redstone says Herzer and Holland engaged in a years-long scheme to drain his wealth by running up credit card bills, selling stock and changing his estate plan.
National Amusements owns 80% of the voting shares of CBS CBS 0.54% and Viacom VIAB 0.21% , but the media mogul controls stock options and other shares of the companies, the lawsuit said.
Herzer and Holland persuaded Redstone to sell those assets, which generated about $100 million in after-tax income, the lawsuit said. Redstone then gave $45 million each to Herzer and Holland.
However, this triggered matching tax obligations of more than $90 million, the lawsuit said. Redstone then had to borrow $100 million from National Amusements to cover it, the lawsuit said, “because Holland and Herzer had cleaned out Redstone’s bank accounts.”
The lawsuit also cites several emails from a Redstone nurse saying that Herzer and Holland continually berated him and falsely said his family did not want to visit.
Herzer’s attorney, Richards, said Redstone is now being manipulated by his family, and Herzer hopes his true mental state will emerge during the course of the lawsuit.
A wise old adage proven true again: “There’s no fool like an old fool.” There is no shortage of evil women who prey on elderly men. His daughter should have taken his checkbook several years ago.
Herzer and Holland allegedly took so much from Redstone — including matching $45 million checks in a single day in 2014
That must have quite a day.
You get a lot of free toasters from the bank when you make that deposit.
Idiot. Too bad he wasn’t allowed to borrow so much. Maybe now he’ll learn that it’s just not worth it.
Redstone learns it’s never free.
I mean, who could suspect this man is incompetent?
New episode of our favorite Soap Opera is on!
Maybe he’s suing so he can give the monies to Hitlery’s campaign.
“Herzer had challenged her removal as Redstone’s designated healthcare agent last year...”
Why, if she was already given $75 million or so worth of gifts, would she want to keep working as a nurse for a dirty old man? Should have gotten out while she was still ahead.
How many of you find humor that this is the owner of main stream media CBS showing that he is mentally deficient?
What a dunce... let it go to his estate and get stepped up basis with no taxable gain.
This way he gets nailed with gift taxes and income taxes.....
Ailing billionaire Sumner Redstone is obsessed with sex and steak, even at age 92: lawsuit
It claims Redstone “demands, to the extent he can be understood, to engage in sexual activity every day, even though [his doctor] has repeatedly recommended that he abstain from daily sexual activity,” according to Variety.
(and I don't mean Sumner Redstone)
I'd get a new doctor.
Cancel the TTIWWP. Unless you like lots of plastic surgery.
If you want to play, you have to pay.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.