Thursday, March 01, 2012

Koch Fight

Billionaires Charles and David Koch have filed a lawsuit against the Cato Institute, which Charles Koch founded in 1974, in a fight for control of the influential conservative think tank.

The complaint centers on the the handling of the shares of William A Niskanen, a former chairman of the Cato Institute, following his death October 26, 2011, The lawsuit also name Cato's president Edward Crane and a board member, according to court documents obtained by The Washington Post.

The Cato Institute, which was originally founded as The Charles Koch Foundation, was formed as a corporation with shareholders. It was re-named The Cato Institute in 1976.

Let the frivolous litigation begin! I suspect both sides will seek a change of venue to Montana.

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