jkiu's FotoPage

By: jkiu dkz

[Recommend this Fotopage] | [Share this Fotopage]
View complete fotopage

Friday, 30-Aug-2013 09:41 Email | Share | Bookmark
Samsung chairman fends off family's lawsuit in $4 billion win


Samsung chairman fends off family's lawsuit in $4 billion win
(Credit:Samsung)Samsung Chairman Lee Kun-hee is breathing a sigh of relief today after a Korean court ruled that he won't need to hand over assets to family members.Lee's siblings sued him over their contention that he hid from them billions of dollars in shareholdings he inherited from rs 3 gold his father, Samsung's founder. However, Lee argues that the shares he was given are his and that he can do what he wants with them. The court agreed.For Lee's family, it's a major loss. According to Reuters, which was first to report on the ruling, Lee's siblings were seeking nearly $4 billion in assets in Samsung Group. If runescape 3 gold they had won, Lee's ownership in Samsung, which currently stands at over 20 percent, would have been reduced.Speaking to reporters, Lee's family's attorney Cha Dong-eon said that the ruling was "totally unexpected" and that his clients have yet to decide whether to appeal it.Lee's victory paves the way for him to continue on his implementation of a succession plan. Last year, he appointed his 44-year-old son, Jay Y. Lee, as vice chairman and insinuated that he will eventually take over Samsung.
Samsung chairman fends off family's lawsuit in $4 billion win


View complete fotopage


© Pidgin Technologies Ltd. 2016

ns4008464.ip-198-27-69.net