Murdered Sherman billionaire's family split by lawsuit over money

financialpost.com:

The niece and nephew of murdered billionaire Barry Sherman are suing his other heirs over a trust they say may be worth more than $500 million, the latest twist in a bitter family drama that’s erupted in the six years since the crime.

Matthew and Rebecca Shechtman are taking legal action against their cousins, Sherman’s children, as well as other family members and the administrators of the trust, according to documents filed with the Ontario Superior Court of Justice in Canada. They claim the administrators breached their fiduciary duties by refusing to share information on the trust and are asking the court to appoint new trustees.

The Shechtman siblings are the children of Mary Shechtman, the sister of Honey Sherman, who in 2017 was found dead alongside her husband Barry in their Toronto home. With a net worth of about $3.6 billion at the time of their deaths, they ranked as two of the wealthiest people in the world ever to be murdered, and the crime remains unsolved to this day.

With the killers still at large and their motivations unknown, relations among family members have grown strained, with the couple’s children falling into conflict with each other and some of their parents’ closest confidantes.

According to the lawsuit, which was filed last month and reported over the weekend in the Toronto Star, Barry Sherman established the trust in 2016 to benefit his four children, along with those of Mary Shechtman and of Sandra Florence, his own sister. The trust’s main assets were shares in a holding company called Shermco, which was meant to “capture the growth in the value of Sherfam Inc. from 2016 forward,” according to the lawsuit. Sherfam is the family’s main holding company, which once encompassed Apotex Inc.,