Related News
Stanley Ho drops legal action against family member
January 31, 2011, Monday
|
Online Edition
Online Edition
MACAU casino magnate Stanley Ho said today that he has dropped a lawsuit against his children and others in a family feud, which involves billions of dollars and the succession of his gambling empire.
The move marks another U-turn by Ho, chairman of Macau's biggest casino operator, SJM Holdings , in the zig-zag tussle for the 89-year-old tycoon's assets.
Last Wednesday, Ho filed a court claim in a bid to recover his assets just hours after he had gone on television to say he would not sue and that he wanted to resolve the matter privately with his family.
"Dr. Stanley Ho has informed the defendants that he does not see any point in continuing the legal action in the High Court," Brunswick said in a statement. Brunswick is the public relations representative of Ho's second and third families.
A court document, which was signed by Ho and forwarded to media by Brunswick, showed the legal action against all 11 defendants was discontinued on January 29.
Ho said in a separate statement that it was unfortunate that it brought disturbance and worry to his beloved wife and children. The Macau casino king has four wives and at least 17 children.
Ho's lawyer, Gordon Oldham, was not immediately available for comment. Oldham said on Thursday that he had filed a court claim on Ho's behalf against the children, including Pansy and Lawrence Ho, other relatives and companies, late on Wednesday.
The move marks another U-turn by Ho, chairman of Macau's biggest casino operator, SJM Holdings , in the zig-zag tussle for the 89-year-old tycoon's assets.
Last Wednesday, Ho filed a court claim in a bid to recover his assets just hours after he had gone on television to say he would not sue and that he wanted to resolve the matter privately with his family.
"Dr. Stanley Ho has informed the defendants that he does not see any point in continuing the legal action in the High Court," Brunswick said in a statement. Brunswick is the public relations representative of Ho's second and third families.
A court document, which was signed by Ho and forwarded to media by Brunswick, showed the legal action against all 11 defendants was discontinued on January 29.
Ho said in a separate statement that it was unfortunate that it brought disturbance and worry to his beloved wife and children. The Macau casino king has four wives and at least 17 children.
Ho's lawyer, Gordon Oldham, was not immediately available for comment. Oldham said on Thursday that he had filed a court claim on Ho's behalf against the children, including Pansy and Lawrence Ho, other relatives and companies, late on Wednesday.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
