Rupert Murdoch cannot amend his family trust to put the power of his media companies in the hands of his chosen successor, a Nevada commissioner has ruled.
The probate commissioner, who heard several days of secret testimony by Murdoch family members earlier this year, issued a ruling over the weekend, and the 96-page opinion eviscerated Rupert Murdoch and his chosen son, Lachlan Murdoch, according to a person with direct knowledge of the ruling.
The commissioner, Edmund J. Gorman Jr., wrote that Rupert, Lachlan and their representatives had operated in “bad faith,” the
→ Continue reading at CNN - Business News