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Shari Redstone

Midway Creditors sue Redstones, Mark Thomas over leaving Midway “insolvent”

Creditors are suing several parties involved in the recent bankruptcy and original sale of Midway, including Mark Thomas, and Sumner Redstone along with his daughter Shari and his holding company, National Amusements. The lawsuit stems from what the creditors called a “breach of fiduciary duty, corporate waste and unjust enrichment” pertaining to the financial crisis […]

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Shari Redstone headlines

  • Sumner and Shari Redstone subpoenaed over Midway sale

    Sumner Redstone and his daughter Shari have been subpoenaed by the US Bankruptcy Court of Massachusetts over the sale of Midway shares to Mark Thomas. Thomas purchased the Redstones’ share in Midway for $100,000, inheriting a $70 million debt with it. His reasoning for accepting those terms was due to $30 million of the debt […]

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