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. Last Updated: 07/27/2016

Pritzker Seeks $6Bln From Pritzker

CHICAGO -- An 18-year-old member of Chicago's wealthy Pritzker family, owners of the Hyatt hotel chain, sued her father and other clan members, claiming they drained her trust funds of more than $1 billion.

The suit was filed Tuesday by Liesel Pritzker, a budding actress who under the name Liesel Matthews played the title role in the Warner Bros. movie "The Little Princess" and also was the president's daughter in "Air Force One."

Assets belonging to her trust funds were sold off by her father, 76-year-old executive Robert Pritzker, at below-market prices and transferred to trusts for other family members, the lawsuit said.

Robert Pritzker said in a statement responding to the suit that "this is a family matter and we are not going to comment other than to say that it is sad when a daughter, who is a beneficiary of great family wealth and tremendous advantage, sues her father and other members of her family. "We are united in the hope for a fair resolution and reconciliation for all concerned," the statement said.

The suit asked a Cook County Circuit Court to force her father and a dozen other family members to make good the alleged losses and pay at least $5 billion in punitive damages as well.

It said the manner in which the trusts were handled was "so heinous, obnoxious and offensive as to constitute a fraud on the plaintiff."

The family controls a private fortune estimated at more than $15 billion. Major holdings include Hyatt Corp., with estimated 2001 revenues of $2 billion, plus Marmon Group, which holds a number of manufacturing and financial service companies. Marmon assets have been estimated at $7.2 billion.

The suit could pry open the finances a family that has long struggled to keep such matters private.

Liesel Pritzker is one of 12 surviving grandchildren of Abram Nicholas Pritzker, a financier and industrialist who died in 1986. His heirs and their offspring are beneficiaries of trust funds in the United States and offshore that "own substantially all of the vast holdings of the Pritzker family," the suit says.