November 9, 2007 – The Dallas Morning News reports on a lawsuit by firm client Albert Hill III, the first great-grandson of H.L. Hunt, against the trustees for two family trust funds, alleging mismanagement of about $3 billion in assets.
The article, titled “Hunt Family Embroiled in Trust Lawsuit,” describes the creation of several family trusts and claims from Hill III that he “became a direct beneficiary of the trust when his father, Mr. Albert Hill Jr. ‘disclaimed’ most of his interests in the Margaret Hunt trust March 22, 2005.”
“Al Hill III didn’t sue his father until after his father sued him and said he was not the beneficiary of these trusts, fired him from the family business and filed documents in probate court that made certain claims that would oust Al and his grandchildren from any interests in these trusts,” said William Brewer, attorney for Albert Hill III.