Jury selection is set to start Monday in a trial pitting two
children of Martin Luther King Jr. against their brother, whom they
accuse of mishandling the late civil rights leader's estate.
Bernice King and her brother Martin Luther King III say Dexter King took funds from their father's estate.
Bernice King
and Martin Luther King III issued their brother Dexter King in July
2008, one month after accusing him of converting "substantial funds
from the estate's financial account at Bank of America" for his own
use, according to the lawsuit.
Also named as a defendant is the
Martin Luther King Jr. estate, which is incorporated. Dexter King is
the corporation's president and chief executive, in addition to being
the estate's administrator.
The three are the only shareholders in the corporation, and the plaintiffs hold at least 20 percent of its outstanding shares.
The lawsuit contends Dexter King
illegally and fraudulently converted estate funds and should be forced
to repay the money and reimburse the plaintiffs' legal costs. The
document, which lists five counts, does not say how much he is accused
of taking.
Dexter King has denied the accusations.
The lawsuit reveals a very public fissure in an iconic family that has
always professed unity, particularly as questions have swirled around
some of their financial dealings.
The three are the only surviving siblings of Martin Luther King Jr., who was assassinated in 1968, and Coretta Scott King, who died in 2006. Their oldest child, Yolanda King, died in 2007. Bernice Kingadministers her mother's estate.
In a countersuit, Dexter King has asked a judge to force Bernice King
to turn over their mother's personal papers, including love letters
central to a now-defunct $1.4 million book deal.
Martin Luther King III
and Bernice King complained that Dexter King refused to hold
shareholders meetings, which they said was another example of his lack
of transparency in handling their father's estate.
There had
been no shareholders' meeting of the corporation since 2004, something
that Dexter King blamed on the distraction caused by the deaths of his
mother and sister. Judge Ural D. Glanville ordered a meeting, which was
held last week.
In a hearing held in late September, Glanville,
who will preside over the trial in Fulton County Superior Court, also
expressed serious concern about governance of the King estate.
The judge issued an order saying "the court is extremely troubled."
He noted that Dexter King, as the majority shareholder, wields
significant power in the corporation because he holds 80 percent of its
shares. He alone can constitute a quorum for transacting business, the
order says.
The judge warned all three Kings
that any failure to comply with the Georgia Corporation Code could
result in the dissolution of the corporation and the appointment of a
receiver.