News Sections
Audio
Court Sides With Widow In Holiday World Lawsuit
Updated October 3, 2013 1:38 PM | Filed under: Business
 Print    Archive    RSS

(INDIANAPOLIS) - The state appeals court says the widow of a southern Indiana theme park president isn't required to sell shares in the facility to her late husband's brother.

The ruling issued Thursday upholds a county judge's finding that Lori Koch was the majority shareholder of the holding company that operates Holiday World & Splashin' Safari in Santa Claus, Ind. She took control of the shares upon the sudden death of her husband, park president Will Koch, in June 2010.

Dan Koch had tried to buy his brother's shares in the park, but the appeals court ruled that his offer of $26.8 million violated terms of a 2002 agreement between the Koch brothers and their sister, Natalie. That agreement governed the sale of shares in the event of any of their deaths.



« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to comments@wbiw.com

Advertise with 1340 AM WBIW
Advertise with 1340 AM WBIW


1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2014 Ad-Venture Media, Inc. All Rights Reserved.   WBIW.com and Listen Live Powered by HPC

Advertise  |  Careers  |  About  |  Feedback