King siblings reach settlement over father's estate
Atlanta, GA – (AP) - After more than 14 hours of discussion, the heirs
of the Rev. Martin Luther King Jr. have reached a settlement that
will keep the family from a public jury trial.
Martin Luther King III, Bernice King and Dexter King have aired
their grievances in open court for more than a year.
The siblings began negotiations Monday morning as the threat of
a civil trial loomed. It was expected to reveal personal and
financial details about King Inc.
Dexter King's brother and sister accused him of acting
improperly as head of the their father's estate, which the three of
them control as a private corporation.
They say he shut them out of decisions involving King Inc. and
refused to hold a shareholders meeting since 2004. The three have
been largely estranged for months.