As the case nears resolution, a district judge will ultimately decide, which may take weeks or months before any public announcement is made.
Rupert Murdoch's Family Trust Change Denied in Court
Rupert Murdoch's Family Trust Change Denied in Court
A court has ruled against Rupert Murdoch's attempt to amend a family trust aimed at giving his son control over his media empire.
A Nevada court decision has placed a spotlight on the internal family battle for power within Rupert Murdoch's media empire, as a commissioner ruled against the billionaire's attempt to change a family trust originally established in 1999. Murdoch sought to allow his eldest son, Lachlan, to take control of News Corp and Fox News without the input of his siblings—Prudence, Elisabeth, and James. The decision, which cited "bad faith" actions by the Murdochs, was met with relief from his other children, who expressed hope for improved family relations. The case was influenced by the popular HBO series "Succession," drawing parallels between the show's plot and the real-life dynamics of the Murdoch family. This legal battle is unfolding under the confidential laws of Nevada, emphasizing the complexities of family-owned media legacy and succession planning.
