Control of an Indiana attraction will remain in the hands of its vice president after the Indiana Supreme Court declined to hear a legal dispute over the property.
Lori Koch will continue to oversee Holiday World & Splashin’ Safari amusement park in Spencer County, despite contention from her brother-in-law Dan Koch.
In October, the Indiana Court of Appeals issued a 3-0 ruling that Lori Koch could retain her majority shares of Koch Development Co., which owns and operates Holiday World, according to Evansville Courier & Press.
The appeals court ruling affirmed Judge Carl Heldt's ruling that Lori Koch did not have to sell shares formerly owned by her late husband and Holiday World President Will Koch to his brother Dan Koch, the news agency said.
Dan Koch owns 40 percent of the company and appealed Heldt’s ruling, claiming there was a purchase agreement that required Lori Koch to sell her stock after her husband’s death. Read More