Save Cato

Is the drama over at the Cato Institute?

The legal battle between the Koch brothers and Ed Crane over the future of the Cato Institute may or may not finally be finished. Details of the supposed settlement have not yet been made clear, but here is what has been reported up to this point:

“Looks like we’ve come to an accommodation with the Koch brothers,” Cato founder and President Ed Crane said in a Tuesday e-mail to employees.

Crane said that staffers will be briefed on Monday on the “settlement” by Cato Chairman Bob Levy and John Allison, a prominent libertarian and former BB&T chief executive officer, who mediated the negotiations. “It will be great to get all this unpleasantness behind us,” Crane said.

In a follow up email to staff, Crane cautioned that negotiations are ongoing.

The deal will settle a lawsuit that the Koch brothers filed in February over shares that determine control of Cato. It results from the original division of shares between the two Koch brothers, Crane, and the late Cato Chairman William Niskanen.

After Niskanen died of stroke complications in October, the Koch brothers claimed that a founding shareholder agreement gave them the option to buy his shares. Crane held that they should go to Niskanen’s widow, which would leave him in effective control of the organization.

Koch brothers v. Cato Institute news roundup

Save CatoDoug Mataconis has already written a very good post weighing in on the legal battle between Charles and David Koch and the Cato Institute, so I’m not going to get into the meat of the issue again. But this recent bomb on the libertarian movement does have me concerned about its future, and with that, it’s something that you can expect us to cover as the case develops.

When it comes to the Koch brothers, I’m typically defensive. I think they’ve become a boogeyman for the Left. With that said, however, the Cato Institute is well-respected for their work promoting free markets, school choice, civil liberties, and an non-interventionist foreign policy. The folks at Cato are willing to call out all sides, including conservatives and Republicans, for trying to increase the size and scope of government. Making the Cato Institute a partisan would be a disaster, ruining the credibility of this respected think tank.

Below is a roundup of the various news and blog coverage of the fight for, what I consider to be, the very heart and soul of the libertarian movement (in no particular order). Not all of it is unbiased, meaning that it does include links to people with close ties to Cato, but it all makes for good reading if you want to follow the story:

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