An Australian court has rejected mining magnate Georgina Rinehart’s motion to dismiss the lawsuit brought against her by three of her four children over control of a trust worth $4.5 billion.
The three — Hope Welker, John Hancock and Bianca Rinehart — are suing in New South Wales Supreme Court to remove their mother as sole trustee of the Hope Margaret Hancock Trust, which their late grandfather created to benefit them and youngest sister Ginia Rinehart. The plaintiffs sued Georgina Rinehart last September after she allegedly tried to delay the vesting date of the trust by several decades.
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