Murdoch Fails to Secure Family Trust Control
A Nevada court rejected Rupert Murdoch’s attempt to revise his family trust, which would have solidified Lachlan Murdoch’s control over the media empire. The court determined that Rupert and Lachlan acted in bad faith, aiming to permanently entrench Lachlan’s leadership despite potential negative consequences for the companies and other beneficiaries. This decision maintains the current arrangement, equally distributing control among Rupert’s four oldest children upon his death. Murdoch’s legal team plans to appeal the ruling.
John Q. Hosedrinker