Ondo Finance succession crisis deepens as Kathleen Allman's daughter seeks conservatorship, alleging 'dementia,' alcoholism, and reckless spending to protect her stake
The legal battle over Ondo Finance's succession has intensified after founder Nathan Allman's sudden death in May, which left his parents, Kathleen and Lawrence Allman, as inheritors. Dr. Lani Clinton, Kathleen Allman's estranged daughter, has petitioned a Hawaiian court to establish a limited conservatorship over her 77-year-old mother's share of the estate, which includes a controlling equity interest in Ondo Finance and a large holding of ONDO tokens. Dr. Clinton, a professor of medicine, claims her mother suffers from a long-standing alcohol use disorder and progressive cognitive impairment, rendering her unable to manage significant property and business affairs. Kathleen Allman has denied the allegations, calling them baseless.
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