Lee, 71, and Samsung Everland, a de facto holding company for the country’s largest conglomerate, were defending three lawsuits by Lee’s relatives seeking nearly US$4bil (RM12bil) in assets in Samsung Life Insurance Co Ltd, which sits at the heart of the web of Samsung group shareholdings, and Samsung Electronics, the group’s crown jewel.
The lawsuit was unlikely to have deprived Lee of his control over Samsung Electronics, the world’s biggest maker of smartphones, TVs and memory chips.
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