Rupert Murdoch fails in attempt to change family trust, facing backlash for his actions.

From Investing.com: 2024-12-10 02:40:38

Rupert Murdoch loses bid to change family trust to consolidate control in son Lachlan’s hands, court document reveals. Nevada commissioner rules Murdoch and Lachlan acted in “bad faith.” Trust currently divides company control equally among four oldest children. Proposed amendment aimed to solidify Lachlan’s leadership after Rupert’s death and block interference by moderate siblings. Commissioner calls plan a “charade” to cement Lachlan’s control. Murdoch’s lawyer plans to appeal. Trust set up in Nevada for confidentiality. Siblings hope to move past litigation and focus on family relationships.



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