Sumner Redstone, family settle with former live-in companion Manuela Herzer

Media mogul Sumner Redstone and his family have agreed to settle their long-running legal dispute with his former live-in companion, Manuela Herzer, less than a week before one of the cases was scheduled for trial in California, according to people familiar with the matter.

As part of the settlement, Herzer has agreed to pay back $3.25 million of the tens of millions of gifts that Redstone gave her, the people said. The wide-ranging agreement ends all litigation between the two sides, who have been battling in the courts since the fall of 2015, when Redstone kicked Herzer out of his Beverly Hills mansion, replaced her as his health-care agent and wrote her out of his estate planning.

The burying of this hatchet will likely quiet lingering questions about the legitimacy of the rise to power of Redstone’s daughter, Shari, who Herzer has alleged has been manipulating her father since 2015 in order to take over his media empire against his will. Redstone, through her attorneys, has denied the allegations.

An expanded version of this report appears at WSJ.com.

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