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Those wacky, wacky wealthy
05-24-2012, 08:46 PM #1
Kreeper Griobhtha
Posts:10,607 Threads:636 Joined:Feb 2011
Court: Gore-Tex heiress can't adopt ex-husband

Quote:Heirs to the founders of W.L. Gore & Associates Inc of Newark, Delaware, have fought for years over how to divide their stake in the privately held company, which has $3 billion in annual revenue.

Their battle landed in court over the question of how the late Wilbert L. Gore, who founded the company in his basement in 1958, and his late wife, Vieve, intended to divide their fortune.

At the center of the dispute was the adoption nearly a decade ago by Susan Gore, one of Wilbert's five children, of her ex-husband, Jan Otto.

According to the court's opinion, Susan Gore and her son Nathan Otto began considering the adoption to even out the potential distribution from a family trust, which was meant to divide 26,500 Gore shares.

But because Susan Gore and Jan Otto had three children, while each of her four siblings had four, Susan's children stood to inherit fewer shares, according to the opinion. Eventually, the court said in its decision, she decided to adopt her ex-husband, who initially assured her he wanted to be her son merely to benefit their children.

Susan Gore went to a Wyoming court and secretly adopted Jan Otto in 2003, when he was 65. A year later, Jan Otto had a change of heart and decided to keep the potential distribution from the trust for himself, according to the court ruling.

lmao.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
05-24-2012, 09:00 PM #2
Octo Mother Superior
Posts:42,621 Threads:1,469 Joined:Feb 2011
lol.gif

Quote:...who initially assured her he wanted to be her son merely to benefit their children.

Of course! lmao.gif
05-24-2012, 09:24 PM #3
Kreeper Griobhtha
Posts:10,607 Threads:636 Joined:Feb 2011
Think his brother sons picked on him and gave him wedgies after the adoption?



ğkking weirdos.


lmao.gif


I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
05-24-2012, 09:29 PM #4
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
My children will not doubt fight over my empty growler jugs, and old hockey sticks. coffeetime.gif

Biere.
05-24-2012, 09:34 PM #5
Cynicalabsurdance Member
Posts:8,273 Threads:191 Joined:Feb 2011
Mr, Otto, figured he
hit the Lotto

by being the Son
of,,,
the crazy one

up in Court,,
Judge had a smile

granted the request on a Tort
and meanwhile

Jan got the greeds
claimed it for his seeds

then grabbed off the cash
and with her hopes all dashed

Daughter cried " NO FAIR'
GIVE BACK THAT SHARE

meanwhile the stocks all crashed
05-24-2012, 09:38 PM #6
Octo Mother Superior
Posts:42,621 Threads:1,469 Joined:Feb 2011
(05-24-2012, 09:29 PM)yankees Wrote:  My children will not doubt fight over my empty growler jugs, and old hockey sticks. coffeetime.gif


Can you adopt me? hyper.gif

rofl.gif

I know a guy named Jan Otto damned.gif
05-24-2012, 09:39 PM #7
Octo Mother Superior
Posts:42,621 Threads:1,469 Joined:Feb 2011
(05-24-2012, 09:34 PM)Cynicalabsurdance Wrote:  Mr, Otto, figured he
hit the Lotto

by being the Son
of,,,
the crazy one

up in Court,,
Judge had a smile

granted the request on a Tort
and meanwhile

Jan got the greeds
claimed it for his seeds

then grabbed off the cash
and with her hopes all dashed

Daughter cried " NO FAIR'
GIVE BACK THAT SHARE

meanwhile the stocks all crashed


Shadow is no doubt going to make a limerick out of that

lmao.gif
05-24-2012, 09:39 PM #8
yankees skier
Posts:5,898 Threads:215 Joined:Feb 2011
(05-24-2012, 09:38 PM)Octo Wrote:  
(05-24-2012, 09:29 PM)yankees Wrote:  My children will not doubt fight over my empty growler jugs, and old hockey sticks. coffeetime.gif


Can you adopt me? hyper.gif

rofl.gif

I know a guy named Jan Otto damned.gif


I don't think I could handle JR as a son in-law. :coffee time:



chuckle.gif

Biere.
05-24-2012, 09:54 PM #9
Octo Mother Superior
Posts:42,621 Threads:1,469 Joined:Feb 2011
I see your point coffeetime.gif


lmao.gif



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