Samsung chief protects family fortune

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.

Posted by on Feb 1 2013. Filed under Articles, Business, People.

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