McClatchy trust managers prevail against $400 million suit brought by heir

//McClatchy trust managers prevail against $400 million suit brought by heir

McClatchy trust managers prevail against $400 million suit brought by heir

Current and former managers and directors of the Sacramento-based McClatchy Co. have prevailed in a $400 million lawsuit that claimed they defrauded an heir of the newspaper publisher's founding family. In 2011, Carlos McClatchy, son of late McClatchy (NYSE: MNI) chairman James McClatchy, sought more than $400 million in damages on claims of breach of trust and fraud in a suit filed in San Francisco Superior Court. He claimed company managers mismanaged a McClatchy family trust by keeping it invested…

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By | 2019-07-03T21:36:58+00:00 July 3rd, 2019|Media|

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