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January 26, 2015

Not one but two family business dynasties are in court this week, in generational battles questioning the decision-making ability of aging family members. 

Not one but two family business dynasties are in court this week, in generational battles questioning the decision-making ability of aging family members.

In the US, Tom Benson, the billionaire owner of pro-American football team the New Orleans Saints, will be in court over the future control of his sports and business empire.

And starting today in Southern France, 10 people will be answering to allegations that they capitalised on the mental frailty of L’Oreal heiress, Liliane Bettencourt.

March 19, 2014

A Hong Kong property tycoon has been forced to prematurely hand over the reins of the family businesses after being convicted of bribing a senior official and money laundering by a Macau court.

A Hong Kong property tycoon has been forced to prematurely hand over the reins of the family businesses after being convicted of bribing a senior official and money laundering by a Macau court.

Billionaire chairman of Chinese Estates Holdings Joseph Lau, 62, was found guilty of bribing a former Macau public works chief to the tune of HK$20 million (€1.9 million) to secure the sale of a parcel of land on the peninsula, which has a booming gambling and tourist industry.

September 6, 2013

The second-gen chief executive of US family firm Market Basket has taken court action to block a $300 million dividend payout approved by the board of directors last week.

The second-gen chief executive of US family firm Market Basket has taken court action to block a $300 million dividend payout approved by the board of directors last week.

In a lawsuit filed 5 September in Suffolk Superior Court, Arthur T DeMoulas said the payment should be blocked until problems surrounding the make up of the board are resolved.

He said chairman Keith Cowan, although being nominally independent, was biased in favour of his opponents, including DeMoulas’s cousin and rival Arthur S.

September 4, 2013

A butler who secretly recorded private conversations between aging L’Oreal heiress Liliane Bettencourt and her lawyers, financial advisers and various politicians will stand trial, along with five journalists who published the tapes’ contents, for breaching French privacy laws.

A butler who secretly recorded private conversations between aging L’Oreal heiress Liliane Bettencourt and her lawyers, financial advisers and various politicians will stand trial, along with five journalists who published the tapes’ contents, for breaching French privacy laws.

Bettencourt's now former butler Pascal Bonnefoy created the tapes over a 12-month period between 2009 and 2010 by placing a hidden recording device in the drawing room of Bettencourt's mansion in suburban Paris.

May 2, 2013

A circuit court judge has ruled that truck stop chain Pilot Flying J, which was raided by Federal investigators last month in relation to alleged fraud on fuel rebates to US trucking companies, can continue to talk to customers in an effort to resolve any disputes.

A circuit court judge has ruled that truck stop chain Pilot Flying J, which was raided by Federal investigators last month in relation to alleged fraud on fuel rebates to US trucking companies, can continue to talk to customers in an effort to resolve any disputes.

Attorneys for Georgia trucking firm Atlantic Coast Carriers had asked the court to forbid Pilot Flying J from contacting trucking companies to determine if there was an underpayment in their rebate for diesel fuel purchases.

March 12, 2013

Gina Rinehart, Australia's richest woman, can breath a small sigh of relief knowing she has one less family member to fight in an ongoing legal dispute. 

Gina Rinehart, Australia's richest woman, can breath a small sigh of relief knowing she has one less family member to fight in an ongoing legal dispute.

Rinehart has reached a financial settlement with her estranged daughter Hope Rinehart Welker – one of three of her children involved in litigation to remove her as sole trustee of their trust fund.

May 7, 2010

Mukesh Ambani, the billionaire head of Reliance Industries, has triumphed in the latest dispute with his brother Anil that saw a family disagreement taken to the Indian Supreme Court.

Mukesh Ambani, the billionaire head of Reliance Industries, has triumphed in the latest dispute with his brother Anil that saw a family disagreement taken to the Indian Supreme Court.
 
The court ruled this morning that Mukesh was not entitled to uphold a private family agreement that stated he would supply gas to his brother's company at below-market-price. Mukesh's lawyer confirmed to waiting journalists that the ruling "is a complete victory for Mukesh Ambani."
 

March 18, 2010

Margherita Agnelli de Pahlen, daughter of the late Fiat chairman Gianni Agnelli, yesterday lost the court case she brought against her mother and three of her father’s advisors in which she claimed she had been denied her full inheritance.

Margherita Agnelli de Pahlen, daughter of the late Fiat chairman Gianni Agnelli, yesterday lost the court case she brought against her mother and three of her father's advisors in which she claimed she had been denied her full inheritance.
 
Fourth generation Agnelli de Pahlen claimed her father's estate had up to €1 billion in undeclared assets that had not taken into account and had called for a fuller accounting of the estate.
 

December 3, 2009

Sumner Redstone, the 86-year-old head of family-owned National Amusements, has triumphed in the latest Redstone family feud to end up in the courtroom.

Sumner Redstone, the 86-year-old head of family-owned National Amusements, has triumphed in the latest Redstone family feud to end up in the courtroom.
 
Michael Redstone, Sumner's nephew, claimed he was owed millions of dollars by the family business after a share sale in 1984. However, after a trial which saw Sumner, Michael and various other family members testify, the Massachusetts Superior Court ruled against Michael and in favour of Sumner and his cinema and broadcasting company.
 

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