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In 1980, when Marshall's eldest son, J. Howard Marshall III, sided with Bill Koch, Frederick R. Koch and other collateral family members in dispute with Charles Koch and David H. Koch over making Koch Industries a public company and paying dividends, Marshall purchased back company stock from his son, given previously as a gift, for $8 million ...
James Howard Marshall III (born February 6, 1936) is president and owner of MDH Industries, an electronics company based in Monrovia, California. He is the eldest son of J. Howard Marshall II, who owned 16% of Koch Industries.
Smith temporarily joined forces with J. Howard's other son, J. Howard Marshall III, who was disowned after attempting to take control of Koch Industries. Howard III also claimed that his father had verbally promised him a portion of the estate; like Smith, Howard III was also left out of his father's will. [15]
1. J. Howard Marshall II Value of estate: $1.6 billion Amount contested: $300 million Feuding parties: wife and son J. Howard Marshall amassed a fortune of approximately $1.6 billion as an oil tycoon.
Anna Nicole Smith married J. Howard Marshall, an 89-year-old oil tycoon, at age 26. Their relationship was notable for their massive age difference, as well as the lawsuits about Marshall's estate ...
However, after a five-month jury trial in Texas, the Probate Court entered a decision that J. Howard Marshall's will and trust were valid, and that his son was the primary beneficiary—rejecting Smith's claim that the son had exerted undue influence on his father, or interfered with any trust for Smith.
Anna Nicole Smith and her lawyer Howard K. Stern outside of courts during the legal battle for J. Howard Marshall in 2006. Scott Suchman - Getty Images She filed for bankruptcy.
Frederick and Bill sided with J. Howard Marshall III, J. Howard Marshall II's eldest son, against Charles and David at one point, in order to take over the company. In 2001, Bill reached a settlement in a lawsuit where he had charged the company was taking oil from federal and Indian land; that settlement ended all litigation between the ...