A family lawsuit challenging Sandals Resorts' leadership after its founder died just got tossed out. The Bahamas Supreme Court dismissed a case brought by Cheryl Hammersmith Stewart, the late Butch Stewart's third wife. She targeted the influence of his son, Executive Chairman Adam Stewart, over the resort group's primary trust. She sought an independent judicial co-trustee to alter the oversight structure.
The court found no material risk to the trust's assets, rejecting claims of potential misuse or undue influence. The ruling reinforced the current arrangement with Cromwell Trust Company as the sole trustee. Adam Stewart called the fraud examiner's allegations speculative and based on incomplete information. He noted that all claims received serious review by the company's boards.
While this Bahamian case is closed, related family legal disputes over the founder's estate continue in other jurisdictions. Dozens of lawyers remain involved in those ongoing proceedings. The outcome solidifies Adam Stewart's control over the Caribbean tourism chain's governance.
The court found no material risk to the trust's assets, rejecting claims of potential misuse or undue influence. The ruling reinforced the current arrangement with Cromwell Trust Company as the sole trustee. Adam Stewart called the fraud examiner's allegations speculative and based on incomplete information. He noted that all claims received serious review by the company's boards.
While this Bahamian case is closed, related family legal disputes over the founder's estate continue in other jurisdictions. Dozens of lawyers remain involved in those ongoing proceedings. The outcome solidifies Adam Stewart's control over the Caribbean tourism chain's governance.
