Koch Brothers Sue for Control of Libertarian Think Tank the Cato Institute

The Koch brothers are making headlines again today, this time for suing the libertarian Cato Institute over control of the think tank.

Allen McDuffee has the story on his Washington Postblog:

The complaint centers on the the handling of the shares of William A Niskanen, a former chairman of the Cato Institute, following his death October 26, 2011, The lawsuit calls into question whether or not Niskanen’s shares should be transferred to his widow. The lawsuit also names Cato’s president Edward Crane, according to court documents.

The Cato Institute, originally founded as The Charles Koch Foundation in 1974, was formed as a corporation with shareholders. It was re-named The Cato Institute in 1976.

You can download the court documents here.

AlterNet / By Lauren Kelley

Posted at March 1, 2012, 7:44am

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