Insurance: A Policy for the Judge

Peter Fuld was a German refugee who had become a Canadian citizen and created a thriving telephone-equipment business in London and Frankfurt. Three years ago, at 41, Fuld died of a brain tumor, leaving an estate estimated at $28 million, plus an exwife, an ex-fiancée, his mother, other relatives and numerous friends—all with assorted claims to his money.

In the longest hearing of its kind in British history, 19 barristers representing 14 parties recently spent 91 days battling over Fuld's will before Justice Sir Leslie George Scarman of the British High Court...

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