Kochs File Kan. Lawsuit Over Think Tank Ownership


Salon Staff
March 2, 2012 4:27AM (UTC)

TOPEKA, Kan. (AP) — The Cato Institute's CEO says billionaire brothers Charles and David Koch are attempting a hostile takeover of the libertarian-leaning think tank through a lawsuit they filed in Kansas.

The Koch brothers are longtime shareholders in the institute. Their lawsuit seeks a court ruling that would leave the institute with only one other shareholder, President and Chief Executive Officer Ed Crane.

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Crane said Thursday the lawsuit is an effort by Charles Koch to turn the institute into a group serving his partisan agenda.

An attorney for the brothers said they've tried for months to resolve differences over the status of a 25 percent ownership interest of a shareholder who died in October.

The brothers filed their lawsuit Wednesday in state court in Johnson County, where the institute lists an office.


Salon Staff

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