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Feud

May 20, 2014

A Canadian heir to Dare Foods has announced she is selling her 27% stake in the company due to an on-going feud with her two brothers.

A Canadian heir to Dare Foods has announced she is selling her 27% stake in the company due to an on-going feud with her two brothers.

Carolyn Dare-Wilfred said she would be selling her entire Dare family shareholdings, which include her stake in Dare Foods as well as “significant” other family assets, to third parties, diluting family ownership in the Ontario-based cookie and cracker manufacturer.

May 8, 2014

Three impressionist paintings from the estate of the late copper heiress Huguette Clark reached a combined total of almost $41 million (€29.4 million) at a recent Christie's auction in New York.

Three impressionist paintings from the estate of the late copper heiress Huguette Clark reached a combined total of almost $41 million (€29.4 million) at a recent Christie's auction in New York.

The trio of paintings included Monet's Water Lilies, which had hung in Clark's Fifth Avenue apartment, and had not been exhibited to the public since 1926 – it sold for $27 million.

April 25, 2014

An estranged son who was due to face off against his father in an Indian court next month over the ownership of the multi-billion dollar family business has now been revealed as the sole heir to the business in his father’s will.

An estranged son who was due to face off against his father in an Indian court next month over the ownership of the multi-billion dollar family business has now been revealed as the sole heir to the business in his father’s will.

In a civil lawsuit that had been ongoing since 2012, Sandeep Raheja was accused by his father, Gopal, of trying to take control of the real estate developer business GL Raheja Group.

April 24, 2014

A third gen of the Walmart dynasty is facing a difficult divorce from her husband of six years, after filing a civil lawsuit claiming he stole money from her during their marriage.

A third gen of the Walmart dynasty is facing a difficult divorce from her husband of six years, after filing a civil lawsuit claiming he stole money from her during their marriage.

Paige Laurie is divorcing her husband Patrick "Bo" Dubbert citing irreconcilable differences, but also lodged a civil suit on the grounds he siphoned cash from a business they operated together.

Laurie, the granddaughter of Bud Walton, the brother of Walmart founder Sam Walton, and Dubbert owned a shopping centre in Malibu that Dubbert managed.

April 9, 2014

The octogenarian co-founder of a UK-based luxury hotel chain has lost a court battle with his son to force him share the wealth generated by the enterprise he helped to build.

The octogenarian co-founder of a UK-based luxury hotel chain has lost a court battle with his son to force him share the wealth generated by the enterprise he helped to build.

Bal Mohinder Singh, 87, co-founded the Radisson Blu Edwardian chain with his son Jasminder, 63, after immigrating to the UK from India via Kenya in the 1970s.

March 27, 2014

The nature of the Internet means online insults traded between two family business next gens, Aga Bakrie and Nat Rothschild, could resurface in Google searches and due diligence for years to come, even after the media storm surrounding it has died down, say family business experts.

The nature of the Internet means online insults traded between two family business next gens, Aga Bakrie and Nat Rothschild, could resurface in Google searches and due diligence for years to come, even after the media storm surrounding it has died down, say family business experts.

This week the Indonesian family behind Bakrie Group formally separated itself from its ill-fated natural resources group Bumi (now renamed Asia Resource Minerals) it co-founded in 2010 with Nat Rothschild, of the English branch of the famous banking dynasty.

March 3, 2014

Third-gen Market Basket chief executive Arthur T DeMoulas has suffered a blow in the latest round of the longstanding feud with his cousin Arthur S over the running of the multi-billion-dollar family business – a supermarket chain based in Massachusetts, US.

Third-gen Market Basket chief executive Arthur T DeMoulas has suffered a blow in the latest round of the longstanding feud with his cousin Arthur S over the running of the multi-billion-dollar family business – a supermarket chain based in Massachusetts, US.

Arthur T had argued that a board member, who had voted in favour of a large dividend pay out, was not independent and his votes should be nullified.

Market Basket, founded initially as a small grocery store in 1917, has annual revenues of more than $4 billion and employs 18,000.

November 19, 2013

The British hotelier behind Radisson Blu Edwardian is facing off against his son in court this week, accusing the next-gen of failing to share the family wealth that he helped to build.

The British hotelier behind Radisson Blu Edwardian is facing off against his son in court this week, accusing the next-gen of failing to share the family wealth that he helped to build.

Bal Mohinder Singh, moved into the hotel business, along with his eldest son, Jasminder, shortly after immigrating to the UK in 1973, gradually buying a portfolio of landmark properties, including Savoy Court and the May Fair in central London.

September 26, 2013

A bid by the second-gen chief executive of a US family-controlled supermarket chain to block a $300 million (€222.5 million) dividend payment to family shareholders has failed.

A bid by the second-gen chief executive of a US family-controlled supermarket chain to block a $300 million (€222.5 million) dividend payment to family shareholders has failed.

A judge at Suffolk Superior Court ruled yesterday that the payment could go ahead, after deciding CEO Arthur T DeMoulas’s grounds for contesting the payment were unfounded. Arthur T said the board was biased in favour of shareholders and the payment would be damaging to Market Basket.

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