Court case exposes rift in Germany's secretive Aldi family
Business Law
A court deferred ruling Thursday in a case that has exposed a rift within Germany's secretive Albrecht family, owners of the discount supermarket chain Aldi.
The dispute centers on the control over Aldi Nord, which operates in northern Germany and at least eight other European countries.
The widow of late patriarch Berthold Albrecht is contesting changes her husband made before his death in 2012 to the statutes of a family foundation that owns 19.5 percent of Aldi Nord.
A lower court sided with Babette Albrecht and her children, who are pitted against Berthold's brother, Theo Jr., and mother Caecilie Albrecht.
Germany's Manager Magazin recently estimated the Aldi Nord branch of the family's wealth at about 18 billion euros ($21 billion). The Schleswig court said the case would continue Dec. 7.
Related listings
-
Australia's High Court to consider fate of 7 lawmakers
Business Law 10/10/2017Australia's prime minister said Monday that he was confident that government lawmakers would win a court challenge this week that threatens his administration's slender majority. Seven High Court judges will decide whether seven lawmakers should be d...
-
Supreme Court declines Michigan emergency manager law case
Business Law 09/27/2017The Supreme Court won't take up a challenge to a Michigan law that allows the state to temporarily take away local officials' authority during financial crises and appoint an emergency manager. The Supreme Court declined Monday to hear the case. Vote...
-
Toys R Us files for Chapter 11 reorganization
Business Law 09/20/2017Toys R Us, the pioneering big box toy retailer, has announced it has filed for Chapter 11 bankruptcy protection while continuing with normal business operations. A statement by the Wayne, New Jersey-based company late Monday says it voluntarily is se...
New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.