Court sides with widow in lawsuit over Holiday World shares

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

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. She took control of the shares upon the sudden death of her husband, park president Will Koch, in June 2010. The appeals court heard arguments in the case in early August.

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.

The Indiana Lawyer has a full story on this case.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In