Media mogul Sumner Redstone, 95, and family reach settlement with ex-girlfriend Manuela Herzer, who has agreed to pay back $3.25million of the money the 95-year-old spent on gifts for her
- The settlement comes after more than three years of back-and-forth litigation
- It began in the fall of 2015 when Redstone kicked Herzer out of his Beverly Hill mansion and wrote her out of his trust
- Herzer sued, claiming that the amended trust was invalid because Redstone’s mental abilities were diminished
- Redstone then filed a suit demanding to be paid back for $75million of gifts
- Herzer has accused Redstone's daughter Shari of manipulating him
- The 95-year-old is the majority owner of National Amusements Inc, which holds almost 80 per cent of voting stakes in CBS and Viacom
Media mogul Sumner Redstone and his family have agreed to a settlement with Manuela Herzer, the ex-girlfriend he previously accused of stealing $75million from him.
Sources familiar with the matter told the Wall Street Journal that Herzer has agreed to pay back $3.25million of the tens of millions of dollars in gifts 95-year-old Redstone gave her over the years.
The settlement comes after more than three years of litigation that began in the fall of 2015, when Redstone kicked Herzer out of his Beverly Hill mansion and wrote her out of his will.
Herzer subsequently sued, claiming that Redstone’s mental abilities were diminished, which would thus invalidate the amended trust.
Redstone, the majority owner of National Amusements Inc, which holds almost 80 per cent of voting stakes in CBS and Viacom, responded by filing a lawsuit against Herzer in an attempt to claw back $75million worth of gifts he gave her.
A trial was slated to begin next week on January 14.
Media mogul Sumner Redstone (left) and his family have agreed to a settlement with Manuela Herzer (right), the ex-girlfriend previously accused of stealing $75million from him. Sources familiar with the matter say Herzer will pay back $3.25million of the tens of millions of dollars in gifts the 95-year-old gave her during their relationship, which ended in 2015
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Redstone stepped down as the executive chairman of the two companies he controls, CBS and Viacom Inc, in early 2016, shortly Herzer got a court-appointed doctor to examine him.
Herzer and another ex-companion, Sydney Holland, have alleged that Redstone's daughter, Shari, manipulated her father so that she could take over his media empire. Shari denies those allegations.
Redstone has had such difficulty speaking in the past several years that he has had to communicate with an iPad loaded with recordings from past interviews along with buttons for 'yes', 'no' and 'f*** you'.
Last month a judge ordered that he be placed under court-appointed guardianship ‘ad litem’ - a legal term that means an individual who acts on behalf of another, usually a child or an incapacitated adult, in a lawsuit, because of his difficulty speaking.
The settlement comes after more than three years of litigation that began in the fall of 2015, when Redstone kicked Herzer out of his Beverly Hill mansion and wrote her out of his will. The couple are pictured at an event in 2012
Herzer alleged that Redstone's daughter Shari (together in 2012), manipulated her father so that she could take over his media empire. Shari has denied those allegations
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