Feeds

Now Samsung supremo sued by sister in inheritance spat

Faces off with siblings over dad's shares

The essential guide to IT transformation

The eldest sister of Samsung Electronics chairman Lee Kun-hee has joined that exec's brother in filing suit against him over an inheritance from their father.

Lee Sook-hee has filed suit with the Seoul Central District Court, claiming that her father left shares in Samsung Life Insurance and Samsung Electronics for all of his children to inherit, not just Lee Kun-hee, Korean news agency Yonhap reported.

The chairman's brother, Lee Maeng-hee, is also suing over their father's inheritance, claiming that Kun-hee incorporated 8.24 million shares in Samsung Life Insurance and 20 stocks in Samsung Electronics left in a trust into his own stockholdings after his father's death.

The chairman's brother wants the court to order the chairman to return the Samsung Life shares, worth around 716 billion won ($636m, £404m), the stocks in Samsung Electronics, and 100 million won ($88,800, £56,427).

Their sister is demanding 2.23 million shares in Samsung Life Insurance and 10 preferred stocks in Samsung Electronics from the chairman.

Lee Kun-hee was once chairman of the whole Samsung group of companies, after inheriting the bulk of it after the death of his father in 1987.

After being convicted of a number of illegal financial dealings, he was removed as chairman in 2007, but was subsequently pardoned and returned to Samsung to chair the electronics business.

When news of his brother Lee Maeng-hee's suit broke two weeks ago, Samsung said the issue had nothing to do with the firm.

"This is a civil suit and therefore the company has no official comment," Samsung said in an emailed statement. ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu
Lawyers will have to earn their keep the hard way, says court
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.