Marvin Davis’ Grandson in Family Feud Over Palantir Stock
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variety.comGene Maddaus Senior Media WriterA grandson of Marvin Davis, the onetime owner of 20th Century Fox, is embroiled in a family dispute over an investment in Palantir Technologies, which is due to go public next week.Davis, a Denver oil wildcatter, bought 20th Century Fox in 1981 and later sold it to Rupert Murdoch.
He died in 2004. His grandson, Alexander J. Davis, filed a lawsuit on Thursday against Kenneth D. Rickel, accusing Rickel of seeking an improper windfall from an investment fund with significant holdings in Palantir stock.
Rickel is married to Nancy Davis Rickel, who is the mother of Alexander J. Davis.Palantir is set to go public on Sept. 30 in a direct listing.According to the lawsuit, Davis and his stepfather went into business.
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