King siblings settle lawsuit

2009-10-13 08:35

Atlanta - After more than 14 hours of discussion, the heirs of the Rev Martin Luther King Jnr reached a settlement late on Monday that will keep the family of the slain civil rights leader from a public jury trial.

Martin Luther King III, Bernice King and Dexter King had aired their grievances in open court for more than a year. The siblings began negotiations on Monday morning as the threat loomed of a civil trial that was expected to reveal personal and financial details about King Inc.

Dexter King's brother and sister sued him in July 2008, accusing him of acting improperly as head of their father's estate, which the three of them control as a private corporation. In the lawsuit, they claimed he shut them out of decisions involving King Inc and refused to hold a shareholders meeting since 2004. The three have been largely estranged for months as Martin Luther King III and Bernice King said their brother continued to make decisions on behalf of King Inc without their input or knowledge.

Monday's agreement signals the end of a legal feud among the siblings and could clear the way for private relations to thaw.

According to the settlement agreement, Fulton County Superior Court Judge Ural D Glanville has declared the siblings "deadlocked" as shareholders and will appoint a temporary custodian who will run King Inc and work with them to determine the future of the corporation. The temporary custodian is also meant to add credibility to the troubled estate and allow the siblings a chance to focus on healing their personal relationships.

All three siblings said they looked forward to mending the rifts of recent months and that significant progress had been made with Monday's resolution.

"It was a tiring day, but I would say a very triumphant day," Dexter King said after the hearing. "This allows us to begin the healing process. I'm looking forward to the future. The most important thing is that we can advance the legacy of our parents."

Dexter King, who is recovering from a car accident that left his leg badly injured, walked on crutches during the day and left the courthouse in a wheelchair without his siblings. Still, Martin Luther King III and Bernice King called the settlement a positive one.

"We have always loved one another," said the elder King brother. "After all, we are all we have."

Bernice King said reconciliation with Dexter King would be a process.

"Love compels you to take a higher road," she said. "We love our brother and the legacy of our parents. At the end of the day, we're still a family."


- SAPA
Read more on:    martin luther king jnr
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

 

Inside News24

 
/News
 

Joburg hot spots for cocktails, craft beer, tapas and wine!

It’s the season to be jolly – so we’ve rounded up some new Joburg hot spots!

 
 

I love summer.24

Summer Survey!
Great ideas for the best summer sandwiches!
Christmas lingerie to make this festive season the best one ever!
13 things you might not know about Disneyland

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

2DAYS ONLY – 30% off Appliances

Coffee makers, blenders, fans, juicers and more. T&Cs apply. Shop now!

2 DAYS ONLY – 40% off books

Get 40% off when you buy 2 books. For two days only! T&Cs apply. Buy now!

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

At last you are able to see the light. You are able to break through obstacles in an innovative and original way. Visualisation is...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.