Ondo Finance Succession Dispute Expands to Hawaii as Family Members Challenge Control

Ondo Finance's succession dispute has taken a new turn as family members challenge control over founder Nathan Allman's estate and company stake. Dr. Lani Clinton and investor David Chen have filed a petition in Hawaii for a limited conservatorship over Kathleen Allman's share of the estate.

The petition covers a controlling equity position and a large ONDO token holding, which includes unlocked tokens and more tokens scheduled to unlock during the next three years. Kathleen argues that this makes the fight over estate management tied to Ondo Finance governance.

Kathleen has rejected claims that her mother could not manage complex business and financial matters, accusing the petitioners of trying to replace her with a more favorable fiduciary and delay the Delaware case.