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FEB 06, 2014 - Business Insider

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Brother Of Samsung Chief Loses Appeal For $850 Million Share Of Family Inheritance

The elder brother of South Korea's richest man, Samsung Electronics chairman Lee Kun-Hee, lost his court appeal on Thursday for an $850 million share of his sibling's inherited wealth. The Seoul High Court upheld a lower court ruling allowing Lee to retain all his shareholdings in the giant conglomerate that members of his family had accused him of hiding from them following the death in 1987 of his father and Samsung founder Lee Byung-Chul. The collective family claim had amounted to 4.1 trillion won, and Lee's elder brother Lee Maeng-Hee had appealed to the High Court over his 940 billion ... Read More

Tags: Brother Of Samsung Chief Loses Appeal For $850 Million Share Of Family Inheritance,  Samsung Latest News