Goldman Grandson Doesn’t Have Membership In Property Empire (1)

The grandson of billionaire developer Sol Goldman doesn’t hold a member interest in his family’s real estate empire, bringing clarity in a feud between Goldman’s descendants over controlling interests in the property portfolio, a Delaware chancellor ruled Friday.

Vice Chancellor J. Travis Laster ruled that Steven Gurney-Goldman only held an assignee interest in Solil Management LLC as the executor of the estate of his late father, Allan Goldman.

Gurney-Goldman may only exercise member-level governance rights that his father possessed while alive. But only for the proper purposes of settling the estate or administering its affairs, Laster wrote.

Gurney-Goldman and his ...