Abraham Reichmann
| Abraham Reichmann | |
|---|---|
| Born | 1962 Canada |
| Occupation | rabbi |
Abraham Reichmann is a Canadian rabbi.[1][2] He is a scion of the Reichmann family, best known for developing London's Canary Wharf.[3]
For the first decades of his adult life Reichmann's parents, Ralph and Ada provided him with a substantial monthly payments.[1][2] In 2014 they stopped those payments. In 2015 he sued them, claiming he supported his wife, ten children, four daughters-in-law, and four grandchildren, through those payments.
Although Abraham worked as a rabbi, he was a shareholder in the family's real estate holding business.[1][2] He argued that the directors of the business, his parents, had a responsibility, when paying dividends to shareholders, to make those payments equitably. He argued that his parents continued to pay dividends to his siblings, after he was cut off, which he argued was not equitable.
In 2022, after seven years of pre-trial legal proceedings, that had mainly been hidden from the public, the case was scheduled to go to trial.[1][2] Observers commented that this would expose the family to public scrutiny it had never been exposed to before.
Litigation of this dispute has dragged on through 2022.[1][2]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 Jacob Lorinc. They fled the Nazis and built a real estate empire. Now Toronto’s famed Reichmann family is headed back to court amid a bitter family feud, Toronto Star, 2022-04-05. Retrieved on 2022-04-05. “According to court documents from 2015, the dispute appears to have begun in earnest in 2014 when Abraham was abruptly cut off from his parents’ finances, including his equity in Jarwick Developments Inc. and Rada Holdings Inc., two Reichmann-operated holding companies.”
- ↑ 2.0 2.1 2.2 2.3 2.4 Adrian Humphreys. Reichmann v. Reichmann: Feud involving secretive Canadian business family heads to open court, National Post, 2022-04-01. Retrieved on 2022-04-05. ““For about 30 years, Abraham received substantial amounts of money from his parents,” Frank Newbould, then an Ontario Superior Court judge hearing an interim motion in the case, said in a 2015 decision.”
- ↑ John Willcock, Clare Garner. pounds 2bn float will crown the fall and rise of Canary Wharf, The Independent, 1999-03-02. Retrieved on 2022-04-05.