A state Appeals Court ruling allows Lori Koch, the widow of former Holiday World President Will Koch, to retain her controlling interest in the southern Indiana amusement park and not sell out to her brother-in-law Dan Koch, according to The Courier-Journal.
The ruling could put an end to a three-year legal battle over control of the park.
As the news agency reported, Dan Koch breached a contract regarding the procedures for buying shares if a family member dies, making him ineligible to purchase Lori’s inherited shares.
Will Koch died in 2010. Soon after, his brother Dan mounted a bid to buy Will’s controlling shares, but it was rejected by Lori Koch, according to the article. Read More