Corporate

In a Hollywood Reporter article regarding a lawsuit that challenges the mental competency of Viacom and CBS Corporation executive chairman Sumner Redstone, Irwin Kishner opined on whether public companies have a duty per SEC regulation to disclose an aging executive’s medical condition as a material event. "You can't tell me anybody is buying or selling stock based on Redstone's health,” Kishner said. “And to say a 92-year-old is experiencing these medical issues approaches common sense."