Thu, February 16, 2012
Lee Kun-Hee, chairman of Samsung, is being sued by his brother over an inheritance from their father,
BBC News reported.
Lee Maeng-Hee, 80, filed suit against Lee Kun-Hee, 70, for 700 billion Korean won ($623 million), the article said.
Lee Kun-Hee is accused of keeping the inheritance — 8 million shares in Samsung Life Insurance and 20 shares in Samsung Electronics — for himself, according to the BBC report.
Court documents filed by Lee Maeng-Hee said “the stocks … were assets put in a trust under the name of non-heirs, and they should have been apportioned to the heirs according to law.” (Source: BBC News, Feb. 14, 2012.)
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