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family feud

October 3, 2013

Australian mining tycoon and one of the world's richest women Gina Rinehart is planning to step down as head of her family's trust – possibly ending her two-year feud with two of her four children. 

Australian mining tycoon and one of the world's richest women Gina Rinehart is planning to step down as head of her family's trust – possibly ending her two-year feud with two of her four children.

Three of her children had launched a lawsuit to remove their mother as trustee of the multi-billion dollar Hope Margaret Hancock Trust in 2011 after she changed its vesting date to 2068 just days before it was due to pay out.

July 16, 2013

The feuding family behind multi-billion dollar US supermarket chain Market Basket is set to take their battle to the boardroom this Thursday, with the current president facing a leadership coup led by his cousin.

The feuding family behind multi-billion dollar US supermarket chain Market Basket is set to take their battle to the boardroom this Thursday, with the current president facing a leadership coup led by his cousin.

The New England-based business, with annual revenues of more than $4 billion (€3.1 billion), has been led by Arthur T DeMoulas for the last five years, but he has been accused of refusing to listen to the board and spending money recklessly.

November 19, 2012

Gurdeep Singh Chadha, chairman and managing director of Indian conglomerate Wave, has been allegedly killed by his brother Hardeep over a dispute about the family business.

Gurdeep Singh Chadha, chairman and managing director of Indian conglomerate Wave, has been allegedly killed by his brother Hardeep over a dispute about the family business.

Chadha, also known as Ponty, was reportedly shot in the chest by his younger brother, who was also killed in the ensuing gunfight.

March 9, 2012

Gina Rinehart, Australia’s richest person, has lost a legal battle to keep details of a family feud private, leading to controversial email exchanges with her children being published in the Australian press.

Gina Rinehart, Australia’s richest person, has lost a legal battle to keep details of a family feud private, leading to controversial email exchanges with her children being published in the Australian press.

On 9 March, the High Court of Australia upheld a ruling by an appeals court that allowed documents about the case to be made publicly accessible. The case revolved around the management of the family’s trust – three of Rinehart’s four children took her to court accusing her of allegedly abusing her role as trustee of the fund.

January 24, 2012

Reconciliation between brothers Mukesh and Anil Ambani, who split the Indian family business founded by their father, is highly unlikely despite speculation that a truce is on the cards, according to a leading academic.

Reconciliation between brothers Mukesh and Anil Ambani, who split the Indian family business founded by their father, is highly unlikely despite speculation that a truce is on the cards, according to a leading academic.

“Business links” between Mukesh, who heads up Reliance Industries, and his younger brother Anil, who leads Reliance Group, will not be developed, reckons Kavil Ramachandran of the Indian School of Business.

September 30, 2011

Prosecutors in France have launched an investigation to find out whether anyone exploited L’Oreal heiress Liliane Bettencourt, following the release of the octogenarian’s medical results.

Prosecutors in France have launched an investigation to find out whether anyone exploited L’Oreal heiress Liliane Bettencourt, following the release of the octogenarian’s medical results.

Eighty-eight-year-old Bettencourt, who along with her daughter collectively owns 31% of cosmetics giant L’Oreal, recently underwent a medical examination to determine her mental status.

August 3, 2011

A feud has broken out between family shareholders of the Brazilian brewing company Schincariol, after one side of the family sold half of the business to an outside shareholder apparently not notifying the other family members.

A feud has broken out between family shareholders of the Brazilian brewing company Schincariol, after one side of the family sold half of the business to an outside shareholder apparently not notifying the other family members.

Brothers Alexandre and Adriono Schincariol, who own 50.45% of the brewing group through a holding company called Aleadri-Schinni Participacoes e Representacoes, sold their entire stake to Tokyo-based Kirin Holdings, according to a statement issued on 2 August.

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