Newark court OK's subpoenas for billionaire's fortune

A Superior Court judge in Newark has refused to block subpoenas requiring relatives of one of the world’s wealthiest men to provide information about the companies that formed his empire.

In the ongoing family dispute over Yung-Ching Wang’s fortune, Judge Walter Koprowski Jr. on Friday rejected a request by Wang’s daughter, Susan Wang, to dismiss the lawsuit, said Jennifer Berkowitz, a spokesman for Y.C. Wang’s eldest son, Winston Wen-Young Wong. Koprowski also ordered the billionaire’s companies controlled by her to reveal his assets in New Jersey at or near the time of his death, Berkowitz said

Wang, founder of Formosa Plastics Group, died in October 2008 without a will, leaving his nine children fighting over his fortune estimated at more than $8 billion. Formosa’s U.S. headquarters is in Livingston.

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