5 sources·Business

Nevada Court Rejects Rupert Murdoch's Trust Amendment, Divides Power Among Heirs

A court ruling blocks Rupert Murdoch's attempt to change his family trust, preventing Lachlan Murdoch from consolidating control over the media empire.

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Updated: Dec 10th, 2024, 2:04 AM ET

Summary

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A Nevada probate commissioner ruled against Rupert Murdoch's initiative to amend his family trust to ensure his son Lachlan's control over their media assets. The court found that both Rupert and Lachlan acted in 'bad faith,' attempting to manipulate the trust to favor Lachlan despite the objections of his siblings, Prudence, Elisabeth, and James. The ruling described the proposed amendment as a 'carefully crafted charade' and emphasized the equal division of power among Murdoch's four children in the event of Rupert's passing. An appeal is planned by Rupert's legal team amid family tensions.

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