In a courtroom battle in Reno, Rupert Murdoch will argue against his children's plans that could alter the Fox Corp business model, claiming it threatens shareholder interests.
The Nevada judge ruled against unsealing details of the Murdoch family trust, emphasizing the private nature of such legal arrangements, even with public company stakes involved.
Rupert Murdoch's intention to consolidate voting power to his son Lachlan raises concerns, as other siblings resist the political sway of Fox Corp under potential new leadership.
Murdoch's legal strategy aims to convince the probate commissioner that giving Lachlan unchecked control ensures the conservative stance of News Corp is preserved for future value.
[
Collection
]
[
|
...
]