Tuesday, February 14, 2012

Samsung Chairman Lee Kun-hee Sued by Elder Brother for Inheritance

From Yonhap:

The eldest son of Samsung Group founder Lee Byung-chull has filed an inheritance suit against his younger brother and Samsung Electronics Co. chairman Lee Kun-hee, seeking the return of a massive amount of stocks he claimed the chairman secretly incorporated into his assets, a Seoul court said Tuesday.

In the complaint filed with the Seoul Central District Court, Lee Maeng-hee asked the court to order Lee Kun-hee to return 8.24 million shares in Samsung Life Insurance Co. and 20 stocks in Samsung Electronics Co., along with 100 million won (US$89,000), according to the court's records.


http://english.yonhapnews.co.kr/national/2012/02/14/34/0302000000AEN20120214011800315F.HTML

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