King siblings hold shareholder's meeting -- first in five years

By Bill Rankin

The Atlanta Journal-Constitution

The three surviving children of the Rev. Martin Luther King Jr. met today under court order, holding their first shareholders meeting since 2004.

The meeting, held privately in a Fulton County Superior Court jury room, fulfilled the requirements of a recent order issued by Judge Ural Glanville.

Martin Luther King III and his sister, Bernice King, are suing their brother, Dexter King, over his handling of King Inc., the privately held company that controls their father’s estate.

Parties in the case are continuing to negotiate differences in an effort to resolve the litigation, Glanville said in a statement issued after the meeting was concluded.

Glanville scheduled a court hearing for Friday to consider legal motions filed in the lawsuit. The case is scheduled to go to trial Oct. 12.