Samsung chief protects family fortune
February 1, 2013
Samsung Electronics Chairman Lee Kun-hee has fended off a lawsuit by estranged family members demanding billions of dollars of shares in Samsung companies.
Lee, 71, and Samsung Everland, a de facto holding company for the country’s largest conglomerate, were defending against three lawsuits by Lee’s relatives seeking nearly $4 billion in assets.
The ruling comes at a key juncture for the electronics giant’s successions plans, just months after Lee’s son Jay Y. Lee, 44, was promoted to vice chairman.
Other posts by :
- SES happy with releasing 160MHz of spectrum for 5G
- Inmarsat “likely to win appeal” over Ligado/AST action
- FCC seeks fair play over foreign satellite access
- Bank raises RocketLab target price
- Ukraine wants its own LEO system
- SpaceX outlines Starlink cellular delivery plan
- NAB vs CTIA on C-band release
- Laser terminals to operate at 100x faster
