MySpace, which was once the most trafficked website on the internet, has admitted that some 50 million user-uploaded songs as well as other files have been lost due to a server malfunction. Concern has been mounting on Reddit and on social media over the past year as users who kept their files on MySpace started…

CBS has settled a shareholder lawsuit that claimed chairman emeritus Sumner Redstone received millions in compensation despite the fact his health had deteriorated and he was no longer able to attend to regular company business. The settlement (read the terms here), reached in mediation, is for $1.25 million, but…

With just days to go before everyone went to trial, Sunmer Redstone and Manuela Herzer have finally laid down their legal arms. In a January 4 dated agreement announced today just before a scheduled hearing in downtown Los Angeles, representatives for the 95-year old media mogul and his former long-time companion now…

Looks like the once-fiercely independent Sumner Redstone is going to be under the guardianship of the same court-appointed lawyer who ran Britney Spears' affairs for years, a Los Angeles Superior Court judge ordered today in a dramatic hearing. Judge David Cowan told a DTLA courtroom this morning that he is granting…

After Sunday’s announcement that Les Moonves was out as CBS CEO amid claims of sexual harassment and the months-long legal battles between the company and the Redstone family-dominated National Amusements would end, the courtroom drama is now officially over. “WHEREAS, the Parties have reached a settlement to resolve…

EXCLUSIVE: Talks remain fluid on ending the legal battle between CBS and top shareholder National Amusements as well as the decades-long reign of Les Moonves at the media company, but already a new corporate structure is coming into focus. As Moonves and his advisors including lawyer Daniel Petrocelli field exit…

Comparisons to the Hundred Years’ War that intermittently raged in medieval Europe may not be entirely apt yet, but there were a series of legal moves on both sides of the country today in the hostilities over nearly 100-year old media mogul Sumner Redstone’s mental capacity that sure felt like a battle…

The law of averages said it had to happened one day amidst all the lawsuits, counter-claims and machinations of corporate control that have swirled around Sumner Redstone the past few years – the lawyers all agree on something. Calling it "truly a miracle in this case," Ronald Richards, the attorney for the 95-year…

Hollywood and Wall Street have long wondered how much Sumner Redstone really knows about what is being done and said in his name. Now, thanks to an irate filing Monday by lawyers for the rarely seen 95-year-old media mogul and the legal tenacity of his former companion Manula Herzer, by the end of the week we might…

A video of Sumner Redstone that surfaced as part of the CBS-National Amusements court battle is being cited in a different dispute — one involving the aging mogul’s former companion. Manuela Herzer has asked Los Angeles Superior Court Judge David Cowan to revisit the question of Redstone’s mental capacity, claiming it…

It’s true that CBS and National Amusements solidly agree in their pitched lawsuit for corporate control that a recent video of Sumner Redstone should not be seen by the public. Yet, the still Les Moonves run company is very clear that there is no way the footage of the mainly hidden from view nonagenarian should be…

Once again, the health of Sumner Redstone is at the center of a bitterly fought lawsuit. But unlike when the 95-year-old media mogul's companions and family were up in arms over his succession ideas, the stakes are much higher in the war between CBS and National Amusements. “To the extent the CBS Parties wanted to…