Sad Rady Kin Story
Written by admin on February 26, 2010
- Relatives of La Jolla philanthropist Ernest Rady have filed two lawsuits to block $21 million of a $60 million donation he gave to Rady Children’s Hospital in 2006.
The suits, filed by Canadian nieces and nephews of Rady, claim they never agreed to fund more than half of the $60 million gift to the hospital with money from American Assets Incorporated, the family’s real estate development, financial services and investment management company.
In a statement, Ernest Rady says his financial pledge to Children’s Hospital would be honored in full.