Rupert Murdoch's Succession Bid Blocked by Court Ruling
TL;DR Summary
Rupert Murdoch has lost a legal battle to alter his family trust in favor of his eldest son, Lachlan, after a Nevada court ruled that Murdoch acted in "bad faith." The decision prevents Murdoch from restructuring the trust to give Lachlan more control over Fox News and News Corp, leaving all four of Murdoch's eldest children with equal voting rights. Murdoch's lawyer has indicated plans to appeal the ruling.
- Rupert Murdoch Loses Succession Battle, Nevada Official Rules, Cites Mogul’s “Bad Faith” On Family Trust; Appeal Coming, Lawyer Tells NYT – Update Deadline
- Rupert Murdoch Fails in Bid to Change Family Trust The New York Times
- Rupert Murdoch loses battle to control succession to his media empire The Guardian
- Succession drama: Rupert Murdoch loses court bid to leave son media empire Axios
- Commissioner rejects Rupert Murdoch’s effort to change family trust The Washington Post
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