Rinehart fails to block trust suit

Published on 01/11/2012 00:51

Australia’s richest woman, Gina Rinehart, lost a court bid yesterday to throw out a lawsuit brought by three of her children over control of a  $4 billion (£2.6bn) family trust.

The New South Wales Supreme Court ruled that the case should go to a full trial.

Ms Rinehart’s three eldest children are seeking to remove her as the sole trustee of the trust that holds an almost one-quarter share in Hancock Prospecting.

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Rinehart fails to block trust suit

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