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.