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 Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 Israel's propaganda machine is finally starting to misfire
- 4 Zayn Malik on Israel-Gaza: One Direction singer bombarded with Twitter death threats after posting #FreePalestine
- 5 'Hello mum, this is going to be hard for you to read ...'
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Sally Farmiloe dead: Howards' Way actress, and former mistress of Jeffrey Archer, dies aged 60
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
Australian model Robyn Lawley stages naked protest against huge coal mine seven times the size of Sydney Harbour
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...
£450 - £650 per day + competitive: Orgtel: My client, a leading bank, is curre...
£350 - £400 per day + competitive: Orgtel: Senior Analyst, ALM Data, Halifax, ...
£500 - £600 per day: Orgtel: Java developer - Banking - London - Up to £600/d...