Top UK Court Orders Charity To Pay Ex-Founder $360M
Law360, London (July 29, 2020, 7:38 PM BST) -- The U.K. Supreme Court on Wednesday ordered a children's charity member to approve a $360 million grant to its former co-founder following her divorce from the organization's billionaire philanthropist, ruling that the payment is in the charity's best interests.
Marko Lehtimaki, a director of the Children's Investment Fund Foundation, or CIFF, must vote in favor of granting the money to Big Win Philanthropy, a charity established by Jamie Cooper following her divorce from hedge fund boss Christopher Hohn, the court ruled.
Hohn and Cooper founded CIFF together in 2002 but went their separate ways after ending their marriage. As part of...
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