The Forbes family, former owners of the eponymous US business publication and related brands, is suing the new Hong Kong owner of the assets just 14 months after selling them.
Forbes Media Holdings, Forbes Financial Management, and family-owned financial company Highlander Management accuse Integrated Whale Media Investment of breaching the payment terms on a loan linked to the original acquisition, according to a copy of the court filing seen by FinanceAsia on Tuesday.
If the lawsuit is successful it could force Integrated Whale into a court-mandated insolvency and lead to another round of bidding for the media assets.
Integrated Whale...
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