Samsung chief fends off £2.5bn suit – and tablets work well, too
Friday 01 February 2013
Samsung’s run of good news continued today as a billion-dollar lawsuit against the South Korean electronics giant was dismissed, and the company said it doubled its share of the tablet market at the end of last year.
A South Korean court ruled in favour of chairman Lee Kun-hee, dismissing a lawsuit brought by estranged family members that demanded he hand over $4 billion (£2.5 billion) of shares in Samsung companies.
The suit accused Lee, 71, of hiding billions of dollars in shareholdings from his siblings. Lee, who inherited the shares from his father, argued that he had free rein to transfer the shares as the chosen successor.
A ruling against Lee, South Korea’s richest man worth an estimated $8.3 billion, could have forced a reshuffle of his intricate shareholdings across the Samsung group in order to retain control.
Samsung said it had doubled its share of the fast-growing tablet PC market in the final three months of 2012. Its sold 7.9 million Galaxy tablets, up from 2.2 million in the same period a year ago, taking its market share to 15.1%.
- 1 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 2 Students offered grants if they tweet pro-Israeli propaganda
- 3 Satellite full of sexually experimental geckos adrift in space, Russia loses control of mission
- 4 Exclusive: Cameron’s ‘Big Society’ in tatters as charity watchdog launches investigation into claims of Government funding misuse
MH17 crash: Investigators discover more human remains and 'huge section of plane'
Susan Sarandon on David Bowie romance: 'He's worth idolising'
Students offered grants if they tweet pro-Israeli propaganda
A day in the life of Vladimir Putin: The dictator in his labyrinth
Exclusive: Cameron’s ‘Big Society’ in tatters as charity watchdog launches investigation into claims of Government funding misuse
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: Massive rise in sale of British arms to Russia
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
John Barrowman praised for Commonwealth Games opening ceremony gay kiss
iJobs Money & Business
£600 - £650 per day: Orgtel: Conduct Risk Liaison Manager - Banking - London -...
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
£280 - £300 per day + competitive: Orgtel: Test Analyst, Edinburgh, Credit Ris...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...