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Court sides with widow in lawsuit over Holiday World shares

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The state appeals court says the widow of a southern Indiana theme park president isn't required to sell shares in the facility to her late husband's brother.

The ruling issued Thursday upholds a county judge's finding that Lori Koch was the majority shareholder of the holding company that operates Holiday World & Splashin' Safari in Santa Claus. She took control of the shares upon the sudden death of her husband, park president Will Koch, in June 2010. The appeals court heard arguments in the case in early August.

Dan Koch had tried to buy his brother's shares in the park, but the appeals court ruled that his offer of $26.8 million violated terms of a 2002 agreement between the Koch brothers and their sister, Natalie. That agreement governed the sale of shares in the event of any of their deaths.

The Indiana Lawyer has a full story on this case.

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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

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