The daughters of Fort Smith businessman H.C. “Dude” Crain Jr. have received about $90 million from his estate after the 8th U.S. Circuit Court of Appeals in St. Louis ruled in their favor.
The messy battle over the nine-figure estate of the late Fort Smith businessman H.C. “Dude” Crain Jr. is now before the 8th U.S. Circuit Court of Appeals in St. Louis.
The messy battle over the nine-figure estate of the late Fort Smith businessman H.C. “Dude” Crain Jr. is now before the 8th U.S. Circuit Court of Appeals in St. Louis.
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Chris Crain, left, is suing his father, Larry Crain Sr., to gain full autonomy, free from his father’s interference, to operate the Crain Hyundai of Conway dealership he owns.
The estranged father-son relationship between Larry Crain Sr. and Chris Crain has escalated into a lawsuit on track for an expected trial date later this year.
In essence, the complaint by Chris Crain, 49, seeks emancipation from business dealings with his 79-year-old father, the CEO of Crain Automotive Holdings and related family enterprises.
The case in Pulaski County Circuit Court underscores the sometimes fractious nature of family dynamics in business and the generational tension that can accompany transitioning corporate power.