Skip to content
Round Logo — Smalller size
Wills, Trusts, & Estates Prof Blog
Formerly Hosted by the Law Professor Blogs Network

Feil Family Feud

By Gerry W. Beyer

Familyfeud2

The children of the late real-estate mogul Louis Feil arecurrently locked in a fight over power and money.

Jeffrey Feil, 66, is now in charge of the FeilOrganization, but ownership is split evenly between him and his threesisters.  Marilyn Barry, Judith Jaffe,and Carole Feil are now accusing their brother of withholding money from themso he can later buy them out at a discount.

Jeffrey contends he gives them plenty of cash and is justrunning the family business how his father would have wanted.  The property at stake is worth over $7billion and includes Manhattan properties such as the Fred F. French Buildingon Fifth Avenue and the General Electric Building on Lexington Avenue.

See Sarah Rose & Peter Grant, Real-Estate Family Wars With Itself, TheWall Street Journal, Sept. 2, 2013.

Special thanks to Joel Dobris (Professorof Law, UC Davis School of Law) for bringing this article to my attention.

Posted in:
Current Affairs and Estate Administration