Redstone Welcomes Court Ruling In Family Feud

Law360 (November 11, 2008, 12:00 AM EST) -- A Massachusetts court has handed a partial victory to media mogul Sumner Redstone and his movie theater chain, National Amusements Inc., in a multibillion-dollar family feud alleging stock fraud dating back decades.

In a ruling hailed as a huge win by Redstone's attorneys, the state’s Supreme Judicial Court upheld a lower court decision to toss the majority of claims brought by Redstone’s nephew, Michael Redstone, stemming from the 1984 buyout by the mogul of National Amusement shares held in a family trust established by Redstone’s father....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.