June 2008 – A profile story in Vanity Fair, “Oil in the Family,” profiles the story of the Hunt dynasty and legal actions dividing the family. The publication writes, “In 1935 oil tycoon H.L. Hunt, known as the richest man in America, created what would become a multi-billion-dollar trust for his descendants. Three generations later, a lawsuit by his free-spending grandson is shaking the foundations of that mighty family fortune.”
“At stake, according to family documents, is an oil-and-gas fortune worth between $2.5 and $4 billion,” according to the article.”
Bill Brewer, who represents Al Hill III, and his client “both maintain that the exchange of charges and countercharges between the warring camps has obscured the core issue: the family’s plan to sell Hunt Petroleum and to break no just one but two trusts that own the company, and then to seize the proceeds, much sooner than the family ever would have been able to had the trusts remained intact,” writes author Alan Peppard.
Read the article here (subscription required).