One of Canada’s top business leaders is suing his daughter, two
grandchildren and others for allegedly mismanaging the family’s
assets and trust funds.
Frank Stronach, who started the Aurora based autoparts Magna
International, and his wife have filed a 500-million-dollar lawsuit
in Ontario Superior Court, alleging it was a last resort after much
effort over two years to resolve the matter.
Thoroughbred Daily News reports the couple accuses Belinda
Stronach, chairman and president of The Stronach Group that runs
horse racetracks around the world, of conspiring by “unlawful
actions” against the best interests of other members of the
Belinda Stronach has denied the allegations and will fight them.
In a statement last night, she said she loves her dad, but added
“Family relationships within a business can be challenging.”
Photo credit: Canadian Press / Colin Perkel