Court sides with widow in Holiday World suit - Tri-State News, Weather & Sports

BREAKING

Court sides with widow in Holiday World suit

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, Ind. She took control of the shares upon the sudden death of her husband, park president Will Koch, in June 2010.

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.

WEB EXTRA: Click here to read the court decision

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • LOCALMore>>

  • Testy topics discussed at Bucshon town hall meeting

    Testy topics discussed at Bucshon town hall meeting

    Friday, July 21 2017 11:42 PM EDT2017-07-22 03:42:24 GMT

    "Anytime you have one week, recess you need to be in Evansville holding one of these meetings," said one man to Congressman Larry Bucshon.  Bucshon's first in-person town hall in Evansville since the election got a flurry of questions, leading to debates between the audience, and bucshon and the crowd.  "You are telling us we cant believe in the federal government you are a part of the federal government," said one concerned man.  "...

    More >>

    "Anytime you have one week, recess you need to be in Evansville holding one of these meetings," said one man to Congressman Larry Bucshon.  Bucshon's first in-person town hall in Evansville since the election got a flurry of questions, leading to debates between the audience, and bucshon and the crowd.  "You are telling us we cant believe in the federal government you are a part of the federal government," said one concerned man.  "...

    More >>
  • Report filed after man reportedly impersonates Salvation Army employee

    Report filed after man reportedly impersonates Salvation Army employee

    Friday, July 21 2017 9:47 PM EDT2017-07-22 01:47:10 GMT
    (Source: Salvation Army)(Source: Salvation Army)

    Salvation army officials were able to quickly identify that man, because of surveillance cameras. The salvation army says the man is Joseph Haynes. 

    More >>

    Salvation army officials were able to quickly identify that man, because of surveillance cameras. The salvation army says the man is Joseph Haynes. 

    More >>
  • Historic Henderson church being deconstructed

    Historic Henderson church being deconstructed

    Friday, July 21 2017 9:37 PM EDT2017-07-22 01:37:18 GMT
    (WFIE)(WFIE)

    After 147 years, a historic Henderson church is coming down, piece by piece. Now, there's a lot of treasures left inside that are going to be up for sale. "There's holes in the roof and the whole building has become dilapidated," says Drew Knight, Ole Bigwood, LLC, "and the structure is no longer sound."   The church was built in 1870 and closed in 2010, when it was the Trinity A.M.E. Zion Church. "Every piece of it will come down and eradicated a...

    More >>

    After 147 years, a historic Henderson church is coming down, piece by piece. Now, there's a lot of treasures left inside that are going to be up for sale. "There's holes in the roof and the whole building has become dilapidated," says Drew Knight, Ole Bigwood, LLC, "and the structure is no longer sound."   The church was built in 1870 and closed in 2010, when it was the Trinity A.M.E. Zion Church. "Every piece of it will come down and eradicated a...

    More >>
Powered by Frankly