Wednesday, November 18, 2009
I previously reported the legal battles surrounding the estate of Gianni Agnelli, former chairman of Fiat. Agnelli's daughter, a primary beneficiary of Agnelli's estate, claims that the estate contains undeclared assets held in Swiss accounts, worth as much as $1 billion. Agnelli's daughter sued three advisors for an estate accounting.
Lawyers presented closing arguments in court last week and a final decision is not expected until next year. While the trial has remained closed to the public, the proceedings have exposed the family to unprecedented levels of publicity, what some call a demonstration that the dynasty that was once the "very definition of elegance and style" is finished. Stacy Meichtry, Lawsuit Draws Rift Among Agnellis, Nov. 19, 2009.
Special thanks to Patrick S. Sylvester (Attorney & Counselor at Law, Sylvester Law Firm, PC) for bringing this article to my attention.