Trouble at the Top for Samsung, as Chairman Sued Over Share Rights

By Gary Cutlack on at

Samsung has rabid Apple lawyers coming at it from all sides over its Android ambitions, now the boss of the company himself is due in court over a claim for inherited company shares.

The complaint against Samsung's current chairman Lee Kun-Hee comes from his own brother, who claims he's entitled to approximately £400m in shares issued by two Samsung companies, which were inherited by the younger brother upon the death of his father.

Lee Maeng-Hee, the chairman's 80-year-old older brother, claims the shares should've been distributed among the heirs after their father died, rather than all being snaffled up by Lee Kun-Hee -- who is now worth an estimated £5bn due to successfully managing the sprawling electronics giant since the mid 1980s. [BBC]